John Elway Expected To Become NFL's Highest-Paid Exec VP & GM

The Broncos' John Elway is "about to become the league's highest-paid" Exec VP/Football Operations & GM. The Broncos and Elway are "negotiating a long-term agreement that could be finalized privately this week and should be announced publicly before training camp begins July 27." Broncos President & CEO Joe Ellis said, "John's an important part of our organization, and we want to make sure he's here for a long time." Elway earns "about $3 million annually," and "has been offered" $30-35M for a five-year extension. An additional title of COO "may be added" for Elway, with Ellis continuing in his current role as President & CEO (Colorado Springs GAZETTE, 7/16).