 He gathered 26 possessions and took ten marks as the youngest member of the Eagles' premiership side in the Grand Final win over , in the process gaining a vote in the 2006 Norm Smith Medal.Waters played 20 games in 2007 and eight games in 2008 before suffering a season-ending elbow injury.He resumed full-training in May of 2009 but then re-injured the same elbow, ruling him out for the remainder of the 2009 season.