John Elway signs new 5-year contract with Broncos

Big news for the Broncos: General manager John Elway has signed a new 5-year contract with the team.

The deal was announced Monday on the Broncos’ website.

It will keep Elway in Denver through at least 2021, President and CEO Joe Ellis announced.

“We’re pleased to reach an agreement on a five-year contract with John to continue leading our football operations,” Ellis said. “During these last six seasons, John’s clearly established himself as one of the best general managers in all of sports. He’s demonstrated impressive football instincts, a strong business acumen and a consistent ability to build competitive teams.”