Results 1 to 14 of 14
  1. #1
    Join Date
    Sep 2006
    Location
    5,280
    Posts
    5,705

    Why haven't we re-signed Elway yet? [Article]

    http://www.denverpost.com/2017/07/13...talks-broncos/

    Thirty-four years ago, when John Elway was prepared to sign his first NFL contract, he didn’t have any idea which town he would call home.

    He just knew it wouldn’t be Baltimore.

    Now, nearly two decades after hanging up his cleats and seven years into his tenure as a Broncos executive, Elway is in the middle of another contract discussion. And this time, he has said he is quite certain of where he’ll be.

    “I look forward to being here with the Broncos for a long time,” he said in May, adding that he didn’t have “any doubt” a new contract would be signed before the season began.

    Given Elway’s stature with the franchise and the state of Colorado, and given his unmatched track record while in the front office, the question is not so much about whether a deal will get done, but how and when.

    “I thought it would be done, because normally you don’t have a very good executive potentially being a lame duck,” former sports agent Joel Corry said. “The season doesn’t start until September, so there’s still time, but usually you get those things ironed out before this time, before the draft.”

    Broncos president and CEO Joe Ellis said in January that the team had conversations with Elway’s representatives in October and that talks would continue. “I’m optimistic we’ll get something done,” Ellis said then.

    In fact the team had initiated contract talks as early as midway through last season with the hope of getting a deal done well before Elway entered the final stretch of his current contract.

    As talks drag on — and the sides have maintained dialogue recently — the general assumption is there’s discord or tension, but a team source said that’s not the case. Elway, as he has shown with nearly every major player deal that has gone to the deadline, operates on his own time. Perhaps his own negotiations are no different.

    But if there’s one given, it’s this: The Hall of Famer will be paid handsomely in a manner that reflects his value to the team on and off the field.

    “It’s just the other issues that make it more complicated,” Corry said.
    “A unique position”

    John Elway is the Broncos and has been since 1983, really, and his value continues to soar. No executive, it could be argued, means more to a franchise than Elway does to the Broncos.

    “Which puts Elway in a unique position, because when you think Denver Broncos, he’s synonymous with the team,” Corry said. “He’s got more leverage than any GM has had in quite a long time, because what were the Broncos like before he got there? It’s kind of hard to argue with the on-field success.”
    Related Articles

    July 12, 2017 Kiszla: What’s it going to take for the Broncos to get John Elway signed to a new contract?

    Since Elway took over football operations in 2011, the Broncos rank second in total wins (73) and have five playoff berths, five division titles, two Super Bowl appearances and, of course, that Super Bowl 50 victory. He built the most prolific offense in NFL history in 2013, and then constructed the top defense in 2015, which sits among the league’s finest units in history.

    To pad his résumé is his proven talent evaluation. In his six years as an executive, Elway is the only general manager to have found Pro Bowlers in the draft, in street free agency, in unrestricted free agency and in college free agency.

    In the NBA, he would be the $201 million free agent, unquestionably warranting the “Super Max” deal.

    If only NFL executive deals were that simple.

    When Seattle Seahawks general manager John Schneider re-upped last year, his annual salary was reported to “approach” the $3.75 million Baltimore’s Ozzie Newsome receives as the supposedly highest-paid GM.

    “(Elway) may be a unique situation because of the ownership challenges,” Corry said. “One of the holdups might be him angling for some sort of ownership or a piece of the team.”

    Shortly before Pat Bowlen announced he would step down from his day-to-day duties as owner in 2014, Elway signed a three-year extension and added general manager to his title of vice president of football operations, giving him complete autonomy over the football side and the roster construction.

    Bowlen is still the owner of the team, but the Broncos have been placed in a family trust operated by three trustees: Ellis, team counsel Rich Slivka and Denver attorney Mary Kelly. The trust is intended to serve as the vehicle to hand controlling ownership to Bowlen’s seven children. Each child will have equal stake as a beneficiary of the trust, but the trustees are tasked with appointing the ownership representative among the seven kids.

    Ellis has said emphatically that Bowlen’s succession plan remains the only plan and that re-signing Elway remains a priority.

    “I’d like John to stick around,” Ellis reiterated at the NFL owners meetings in March. “I think I’m in the majority.”

    But consider the trustees also have the authority to sell the team in full and in part. Ellis, as president and CEO, has the power to extend Elway’s contract. And Ellis and the other two trustees have the authority to push to give him a piece of the team — should that even be something they and Elway are considering.

    It’s unclear whether Elway is asking for a piece. But as with any ownership transaction, league approval and compliance with policies would be required, raising plenty of legal questions with the Bowlens as well as NFL questions about precedent.

    The ripple effect could be tremendous, which is why it does not appear to be a realistic scenario.
    Setting the record straight

    Shortly before Super Bowl 50, ESPN reported that Elway turned down minority stake in the Broncos when Bowlen offered it to him nearly 20 years ago, spurning what would be now worth about $480 million, based on Forbes’ latest team valuations. But the offer was never exercised by Bowlen amid a court battle with previous owner Edgar Kaiser.

    In speaking to The Denver Post last August, Elway made it clear that turning down any stake in the team was not by choice.

    “There were circumstances there that didn’t make it work out. Let’s put it that way,” he said. “It wasn’t because I didn’t want it to. It’s just that there were some circumstances there that I can’t go into that caused it not to work out, which I was obviously very disappointed with.”

    If Elway wanted a piece then, perhaps he still does. But in 2014, when Bowlen stepped down from his day-to-day duties with the team, Elway was asked just that.

    “Pat Bowlen still owns the Broncos,” Elway said then. “We have total respect for that. They’ve hired me to run the football operations, and I’m thrilled to do that. I work for Pat still — as well as the Bowlen family — and I’m going to continue to do that.”

    Perhaps something different is being considered, such as a unique compensation structure. He, as arguably the most coveted GM in the NFL, is the only one with the leverage to get it.

    Elway’s situation is complicated. The Broncos’ situation is complicated. But both insist on only one possible outcome that could still be met before the Broncos return to the field July 27.

    “This will always be my home,” Elway said. “(I’m) not going anywhere. As a kid, I moved around quite a bit. But, Colorado and Denver will always be my home.”
    Good article. I'm not really worried about Elway going anywhere, but I am worried about the future ownership of the franchise.

  2. #2
    Join Date
    Jan 2011
    Location
    Long Beach, CA
    Posts
    1,486
    I'm not really worried about Elway going anywhere either. He's all about the closing second fourth quarter comeback.

  3. #3
    Join Date
    Nov 2004
    Posts
    11,056
    I can not find a source and my memory is lacking but as I recall as starting QB Elway went into one preseason year without a contract....I am not worried.
    All that is required for evil to triumph is for good people to do nothing.

  4. #4
    Join Date
    Nov 2014
    Location
    Rainier, WA
    Posts
    3,076
    Does he stay a highly paid Bowlen Trust employee or become a minority owner? Seems to me minority owner isn't as great as we might think. He'd be along for the ride without a controlling vote (unless he teamed up with another minority owner(s)) which often is a bad idea. Even if his share of the team appreciates, that doesn't necessarily mean he can simply cash that out in a few years as easily as selling a stock. There are hoops to jump through...finding a buyer for his share, getting a fair price, fulfilling whatever NFL league requirements apply when team ownership changes, etc. With my wife's PR firm, occaissionally a new client will want to pay by giving up equity in their business rather than cash. We always turn them down...then again...that client isn't the Denver Broncos

    As a Stanford Economics grad and very successful businessman, I'm sure Elway knows all the pro's and con's of minority business ownership much better than I
    "There is no plan B. Plan A is to win the Super Bowl" - John Elway
    PLAN A ACCOMPLISHED 2/7/16!!!

  5. #5
    Join Date
    Jan 2011
    Location
    Antioch, IL
    Posts
    26,229
    As much as I hate what he did to Tebow, PAY THE MAN! Give him what he wants
    Rod Smith for the HOF. TEBOW RULES!

  6. #6
    Join Date
    Nov 2007
    Location
    Las Manzanitas, NM
    Posts
    28,273
    Quote Originally Posted by HUMCALC View Post
    As much as I hate what he did to Tebow, PAY THE MAN! Give him what he wants
    It was terrible. Elway signed Peyton Manning and traded Tim Tebow to the Jets. Unforgivable.
    "Stultum est timere quod vitare non potes." ~ Publilius Syrus

  7. #7
    Join Date
    Aug 2015
    Posts
    9
    Woody Paige reporting that contract negotiations could be wrapped up by next week. Trying to keep Elway long term

  8. #8
    Join Date
    Oct 2014
    Location
    El Paso, Tx
    Posts
    1,880
    http://m.gazette.com/woody-paige-joh...rticle/1607192

    Article says negotiations will be wrapped up by the 27th and that he'll be the highest paid Executive VP/ General Manager in the league

  9. #9
    Join Date
    Mar 2012
    Location
    Boston
    Posts
    17,419
    Quote Originally Posted by Bterres105 View Post
    http://m.gazette.com/woody-paige-joh...rticle/1607192

    Article says negotiations will be wrapped up by the 27th and that he'll be the highest paid Executive VP/ General Manager in the league
    Whew!!!!!!!
    Adopted Bronco: DeMarcus Ware

  10. #10
    Join Date
    Apr 2009
    Location
    Up North
    Posts
    16,643
    Quote Originally Posted by Bterres105 View Post
    http://m.gazette.com/woody-paige-joh...rticle/1607192

    Article says negotiations will be wrapped up by the 27th and that he'll be the highest paid Executive VP/ General Manager in the league
    And no one was surprised... Not a bad gig if ya can get it.

  11. #11
    Join Date
    Dec 2015
    Location
    At home.
    Posts
    1,148
    Quote Originally Posted by Joesfiero View Post
    Woody Paige reporting that contract negotiations could be wrapped up by next week. Trying to keep Elway long term
    That'd be pretty sweet.

  12. #12
    Join Date
    Feb 2004
    Location
    Nelson, BC
    Posts
    14,873
    Quote Originally Posted by samparnell View Post
    It was terrible. Elway signed Peyton Manning and traded Tim Tebow to the Jets. Unforgivable.
    And they took some of salary, and we got to two superbowls, winning one with that guy we got to replace Tebow....


    Where is my pitchfork ?
    http://s7.postimg.org/hjr8fcmaz/EM2.jpg

    Adopted Broncos: Garett Bolles

  13. #13
    Join Date
    Oct 2008
    Location
    5,525
    Posts
    8,672
    Quote Originally Posted by samparnell View Post
    It was terrible. Elway signed Peyton Manning and traded Tim Tebow to the Jets. Unforgivable.
    I still for the life of me can't figure out why people thought it was a good deal for us... All we have to show for it is some metal football shaped trophy, and a parade of 1 million plus people though the streets of Denver... FOR SHAME
    *** God Bless Our Military Men And Women***

    Adopted Bronco 2015 CJ Anderson

  14. #14
    Join Date
    Jan 2011
    Location
    Long Beach, CA
    Posts
    1,486
    Quote Originally Posted by Frenchy180 View Post
    I still for the life of me can't figure out why people thought it was a good deal for us... All we have to show for it is some metal football shaped trophy, and a parade of 1 million plus people though the streets of Denver... FOR SHAME
    Yeah, but the six completions Tebow gave the Jets will be a story told for generations. Both teams won.

    Both teams won.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •