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John Elway is staying in Denver. Word broke today that Elway and the Denver Broncos have agreed on a contract that would keep Elway as Vice President of Football Operations/GM through 2021.
Broncos and John Elway have agreed to a new 5-year contract that ties him to Denver through the 2021 season, source tells ESPN.
— Adam Schefter (@AdamSchefter) July 24, 2017
Broncos President and CEO, Joe Ellis, announced the new five-year extension on Monday.
“We’re pleased to reach an agreement on a five-year contract with John to continue leading our football operations,” Ellis said. “During these last six seasons, John’s clearly established himself as one of the best general managers in all of sports. He’s demonstrated impressive football instincts, a strong business acumen and a consistent ability to build competitive teams.
“There’s no doubt John means a great deal to the Broncos, our fans and the entire community. It was important for us to reach this long-term agreement, and we’re all excited to now turn our full attention toward the 2017 season.”
The announcement came after weeks and months of speculation in the media and worry among the fans that there could be a potential permanent break between the two sides.
As it turns out, Elway and Ellis had always intended to stick to their encouraging words that something would be worked out. And something did get worked out.
“I appreciate the trust and confidence that Joe has shown in me,” Elway said. “Pat Bowlen has always put outstanding leadership in place, and I’m grateful for the support Joe gives us to compete for championships each and every year.
“This is a special place, and the Broncos are home to me. While there’s still a lot of work to be done, I’m excited about the future of this team and this organization.”
The deal is expected to put Elway well above the market as the highest paid General Manager in the NFL. We’ll add the contract details they are released.
No figures yet on John Elway's new 5-year contract with Broncos, but it is fully expected to make him NFL's highest paid GM.
— Adam Schefter (@AdamSchefter) July 24, 2017
The architect for a winning season every year he’s been at the helm, along with multiple division titles, and a Super Bowl victory is likely going to be the highest paid GM in the league. Well worth the 67-29 record the Broncos have had under his leadership.
Here’s to continuing to win from now on.