John Elway transformed the Denver Broncos into Super Bowl champions as one of the leading minds in the team's front office, and he was rewarded for his commitment to the franchise Monday with a new five-year contract.
The Broncos announced the new deal after ESPN's Adam Schefter first reported the agreement. Schefter later reported that while figures aren't yet available, the contract is "fully expected" to make Elway the league's highest-paid general manager.
“We’re pleased to reach an agreement on a five-year contract with John to continue leading our football operations,” Broncos President and CEO Joe Ellis said in the team release.