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John Fox out as Broncos head coach

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The Broncos and their head coach mutually agreed to part ways.

Mark J. Rebilas-USA TODAY Sports

The Denver Broncos and head coach John Fox have mutually agreed to part ways Monday, Jay Glazer and Adam Schefter report, and the Broncos since confirm. According to Glazer, Fox and Broncos Executive VP of Football Operations/GM John Elway met at 2:30 this afternoon and decided to separate.

The decision comes after Denver lost 13-24 in the playoffs to the Indianapolis Colts, a disappointing postseason run for the Broncos under Fox for the fourth year in a row.

The Broncos went 12-4 with Peyton Manning in 2014, a year after back-to-back 13-3 seasons. They had won the AFC West division and advanced to the Divisional round of the playoffs in each of Fox's four years with the club.

"On behalf of the Broncos, I sincerely thank John for his many contributions during his four seasons as head coach," Broncos GM John Elway said in a statement. "He helped establish a positive, winning culture for this team and deserves a lot of credit for the Broncos' turnaround.

"While we have made significant progress under Coach Fox, there is still work to be done. I believe this change at the head coaching position will be in the best interest of our long-term goal, which from day one has been to win World Championships.

"Our organization is fully dedicated to reaching Pat Bowlen's high standards for his team as we begin the process of finding the next head coach to lead the Denver Broncos."

In his first year as Broncos coach, Fox managed to take Tim Tebow, go 8-8, win the AFC West, and win a Wild-Card playoff game. In his second and fourth years, the Broncos were one-and-done in the playoffs after earning a playoff bye. In his third year, Foxy led the team to the Super Bowl, where they were summarily trounced 43-8 by the Seattle Seahawks.

"Although we came up short of our ultimate goal, I am proud of our team's many accomplishments during these last four years," Fox said. "I truly appreciate all of the hard work put in by every player, coach and staff member within this organization.

"It was an honor to coach the Denver Broncos, a first-class franchise with great fans and a winning tradition. I am thankful to John, Mr. Bowlen and Joe Ellis for allowing me and my family to be part of this team and community.

"I am eager to continue my coaching career and look forward to the opportunities that lie ahead."