Recently, Elway chose to step down from his consulting position, which he had held for the past year. He and CEO Greg Penner had a discussion during the offseason about his position, as his contract was only for one year. Rather than signing a new contract, Elway decided to amicably step away from his role. However, he assured Penner and GM George Paton that he will continue to be available as a resource in the future. Elway said this regarding the matter,

“I’ve enjoyed the relationship with the Broncos for a long, long time,’’ Elway told sources. “I told Greg I’d be happy to be a resource for him and help in any way that I can. I just wanted the flexibility. They’re in great hands. I still plan on being around to watch and be a resource for Greg or George if I can.’’

Elway’s participation with the organization will not in any way come to an end as a result of this development. The only difference is that he won’t have a proper work title with the Broncos.

“I’ve been with the Denver Broncos for so long that it was nice to have some sort of connection which is what I wanted,” Elway continued. “I didn’t want an obligation. I’m getting a little older, I want to be able to do some things I haven’t done. I’m ready to have a flexible schedule. If there’s something I can help them with I’d do that.”