Report: Broncos re-sign John Elway to five-year deal through 2021

ESPN’s Adam Schefter reports the Denver Broncos and John Elway have agreed to a five-year contract extension, through the 2021 season…

The Denver Broncos have re-signed John Elway to a five-year contract extension, according to ESPN’s Adam Schefter…

With training camp fast approaching, this deal was expected by many, but the delay in getting a deal done was causing some fretting in Broncos Country.

Still, there was little doubt a deal would eventually get done, as Elway and the Broncos have consistently expressed mutual interest in remaining together throughout this whole process.

The deal to keep Elway around through 2021 is significant. Though the terms of the deal were not disclosed, this type of long-term contract will allow Elway to see through the investments he’s made in the roster that is currently in place, as well as continue to work himself toward becoming one of the most highly regarded executives in football.

Since Elway took over in 2011, the Broncos have won five division titles, two AFC championships, and a Super Bowl. They have only missed the playoffs once (2016) and still won nine games despite a very tough situation offensively and with the coaching staff.

Elway has brought in three different head coaches in his time with the Broncos, most recently signing Vance Joseph to a four-year contract. Now, the two will hopefully partner together for a very significant era of Broncos football where they will have one of the most dominant defensive groups in the league.

Next: 10 Reasons the Broncos will win Super Bowl 52

Von Miller was Elway’s first draft pick as the man in charge of the Broncos, and he’s had his share of hits and misses since then, but no general manager has done a better job than Elway when you combine the draft, free agency, undrafted player pool, waivers, etc.

Elway has concocted a phenomenal roster with balance, and one that projects well into the future.