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Broncos, Elway make progress toward a possible deal

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The Broncos and G.M. John Elway may soon have a new contract in place. Unless they don’t.

Woody Paige of the Colorado Springs Gazette reports that recent communications have occurred between Elway and the team, and that a deal could be done soon.

“We’re working to get it done,” Broncos CEO and president Joe Ellis told Paige. “We’ve had some productive discussions in the last week or so and will keep talking. John’s an important part of our organization, and we want to make sure he’s here for a long time.”

While it’s possible that a deal could be done soon, a league source tells PFT that there are no guarantees. Elway has a reputation for operating on his own timeline. If for whatever reason he decides to wait, he’ll wait.

If he waits until the after the season, he would become a free agent. While that’s considered to be unlikely, it remains a possibility until a new deal is signed.

Paige suggests that Elway’s duties could expand to include the role of Chief Operating Officer. A source tells PFT that any role beyond the football operations is highly, highly unlikely. (He’s currently both the G.M. and the executive V.P. of football operations.)

As to speculation that Elway could emerge with partial ownership of the team, that won’t be easy to accomplish. Pat Bowlen’s stake of roughly 60 percent continues to be held in a trust that was devised and constructed by Mr. Bowlen before he became incapacitated by Alzheimer’s disease. The trust contemplates that, eventually, one of Mr. Bowlen’s children will be ready to assume the ownership mantle, based on the assessment of the trustees. Until then, it will be very difficult (if not impossible) to carve off any of Mr. Bowlen’s share of the team for Elway, since doing so would run counter to the terms of the trust he created.

However it plays out, Elway continues to be expected to remain with the team. If he were to leave for another team (like the Rams), he’d have to deal with an owner. In Denver, Elway essentially operates autonomously, since there currently isn’t an owner — and there may not be one before Elway decides to retire.

Finally, Paige pegs the value of the contract at anywhere between $6 million and $7 million per year. It’s too early to know whether that’s accurate. And, frankly, there may never be any way to know for sure what Elway makes, unless he or Ellis decide to disclose it.

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14 Responses to “Broncos, Elway make progress toward a possible deal”
  1. yoursoulcollector says: Jul 15, 2017 10:55 PM

    And here come the horse teeth haters.

    As a player, First Ballot HOF, 2 Lombardis, SB MVP, and NFL MVP.

    As a GM, since Elway took over football operations in 2011, the Broncos rank second in total wins (73) and have five playoff berths, five division titles, two Super Bowl appearances and, of course, that Super Bowl 50 victory. He built the most prolific offense in NFL history in 2013, and then constructed the top defense in 2015, which sits among the league’s finest units in history.

    In his six years as an executive, Elway is the only general manager to have found Pro Bowlers in the draft, in street free agency, in unrestricted free agency and in college free agency.


  2. charliecharger says: Jul 15, 2017 11:10 PM

    Elway isn’t going anywhere. Even the minority owners would probably cut him in on a portion of their share. Elway is the son of a coach, Jack Elway. He probably knows more about coaching than most coaches. His dad also did some scouting after his coaching days were over. John probably knows more about scouting than most scouts. I know he knows more about football than most players, especially the most important position, QB. He’s smart and he loves his job. He’s an extremely hard worker. He’s been super, super successful as a G.M. I’d say he’s well on his way to a HOF career as a G.M. The Bowlen’s and the minority owners are well aware of all this. It’s just a matter of sorting everything out. One more thing, the Denver fans love Elway too. They should. He put Denver on the map. He made it cool to be from Denver.

  3. burtmustin says: Jul 15, 2017 11:32 PM

    I looked at their schedule for 2017. 7-9. Perhaps 8-8.

    If they get lucky, KC and Oakland will each have major injuries. If so, 10-6.

  4. tylawspick6 says: Jul 15, 2017 11:52 PM

    overrated as a player and a gm

    this guy has the honor of ruining
    a super bowl sunday more than other
    qb or gm in nfl history.

    and the arrogance


  5. RogerThat! says: Jul 15, 2017 11:53 PM

    Broncos rank 1st in cheating according to the web site, Raise a Colt like banner!

  6. backintheday99 says: Jul 16, 2017 12:35 AM

    6 or 7 mil and nothing for nothing, he’s underpaid.

    Comes out of the shadows and makes them respectable and wins a SB. No one thought that he would be as good as he has been. Put Bowlen over the top to get into the HOF next year. There is no price on that.

    One thing that time has proven, is stick to what you know and kill it. So stay away from the CEO deal and get 10 mil. They can’t afford to lose Elway and they can easily afford him. He’s smart enough to know that.

    Teams make just as much for being 8-8 and all of that but winning it all is something one can’t explain to a fan base that has never been a part of it.

  7. black59razorblog says: Jul 16, 2017 1:08 AM

    Leave it to Ol Woody Paige to break the story, bravo! Elway keeps it Broncos Ol Skool giving it to an old media friend

  8. thetooloftools says: Jul 16, 2017 1:39 AM

    You want to hate him, hate him. But if you look at the numbers, you have to respect him.

  9. brawlkc says: Jul 16, 2017 4:39 AM

    And he did all of that while being a horse.

    Really amazing achievements, all of them.

  10. truevision21 says: Jul 16, 2017 7:03 AM

    Yeah, next?!

  11. yourunclerico says: Jul 16, 2017 8:26 AM

    a horse is a horse of course of course and elway is mr ed!

    Hee Haw you basement dwelling orange hicks!

  12. commentawaitingdeletion says: Jul 16, 2017 11:04 AM

    Jul 15, 2017 10:55 PM

    In his six years as an executive, Elway is the only general manager to have found Pro Bowlers in the draft, in street free agency, in unrestricted free agency and in college free agency.

    LMAO “college free agency” that’s hysterical. Did you mean UDFA or is Elway now magically sending college recruits to the Pro Bowl? Were you unaware street FA’s are by definition unrestricted so that’s a two’fer? Off the top of my head I know at least one other GM has done it in just the past 3 years. After posting that gem last night you went on to post on another thread,
    “Are the Raiders still relocating to Vegas? The move was approved months ago by the owners yet Davis doesnt know where the stadium should go, doesnt know how much the land would cost, and of course, no construction firm has been hired. Looks like Sheldon has blocked the move big time.”
    Do you really just make everything up as you go along? I’m not even a Raiders fan and I know the land deal for 62 acres on Russell Rd closed at the beginning of May, the price was $77.5M. The construction firm that built Minnesota’s new stadium, Mortenson Construction will be lead contractor in a joint venture with McCarthy Construction. It was all posted right here at PFT.

  13. patsfan4lifesbchamps says: Jul 16, 2017 1:43 PM

    tylawspick6 says:
    Jul 15, 2017 11:52 PM
    overrated as a player and a gm

    this guy has the honor of ruining
    a super bowl sunday more than other
    qb or gm in nfl history.

    and the arrogance



    He is overrated as a GM but he was not overrated as a player. Those Denver teams that lost in the SB had no business being there. Elway carried them to the SB.

  14. burtmustin says: Jul 16, 2017 1:49 PM

    Elway is a genius as a GM . The 2016 Broncos were the greatest 9-7 team in the history of the NFL. Even the Jets were envious.

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