According to Mike Klis of the Denver Post, the Broncos have extended Elway’s contract with the team through 2017, and have given him the title of General Manager.
To be fair, they could call Elway executive vice president of football operations, el jefe, or honcho, or whatever — he runs the place. But the title and the contract cement that, after some personnel department shuffling in recent offseasons.
Elway had another year left on his existing deal, but they replaced that with a new four-year pact. They had already extended defensive coordinator Jack Del Rio, meaning a new John Fox deal is likely next.
Replacing Manning at some point will be the next task, and Elway’s new deal guarantees he’ll be the one making that decision.
http://profootballtalk.nbcsports.com/2014/02/12/broncos-extend-john-elways-deal-name-him-g-m/