Report: Broncos' Matt Russell interested in CU athletic director job [UPDATE]

The Denver Broncos' top personnel man may be heading back to school.

Denver Broncos director of player personnel Matt Russell is reportedly a "known candidate" for the University of Colorado's athletic director opening, the Denver Post reports. Russell played college football for the Buffaloes, earning All-American honors while also winning the Butkus award for the nation's best linebacker in the mid-1990's.

Former CU athletic director Mike Bohn resigned from the position Tuesday after more than eight years with the school. Colorado will hold a news conference at 4:30 p.m. Wednesday.

Russell, who has spent the last four seasons in the scouting department with the Broncos and was named director of player personnel in January 2012, currently oversees college and pro scouting for the Broncos and reports directly to Executive Vice President of Football Operations John Elway. While Elway is Denver's de facto GM, Russell is effectively Elway's right hand man.

That being said, Russell is reportedly "VERY" interested in the Colorado position.

"I want to help my alma mater," Russell told CBS' Vic Lombardi.

And while Lombardi quickly added that Russell was not openly campaigning for the CU job, he also noted that Russell had not yet been contacted by the school. Campaigning seems to be exactly what Russell is doing.

Update 4:38 p.m.

Russell has released a statement: "While I love my alma mater and want what’s best for it, I am not pursuing a position with the University of Colorado. I am fully committed to my role with the Denver Broncos."