John Elway Vincent Carchietta-USA TODAY Sports

John Elway is giving up personnel control of the Broncos. In a surprising move, Elway will move to president of football operations and hire a GM who is in control of the roster, the team announced Monday.

“As part of a transition I’ve thought about for a long time, I have made the decision to step up into an elevated role and hire a general manager to lead our personnel and football staff. While I’ll continue to be President of Football Operations in 2021, the GM will have final say on the draft, free agency and our roster. This person will be empowered to make all football decisions, working in partnership with Vic,” Elway said in a statement.

Under the new structure, both the new GM and Vic Fangio will report to Elway. Obviously the legendary former quarterback isn’t going anywhere, bu he is giving up a huge amount of power. This feels like a way for the organization to bring in a new front office head without having to deal with the ordeal of firing Elway.

Elway took over in Denver in 2011 and obviously had quite a bit of success his first handful of years after luring Peyton Manning to the Broncos. That culminated in a win in Super Bowl 50, but things went downhill quickly after Manning and head coach Gary Kubiak retired.

The Broncos have now endured four losing seasons in a row, and they have an unsettled quarterback situation with Drew Lock looking iffy his first two years in the league. Elway’s hire of Vance Joseph to replace Kubiak didn’t work out, and he’s drawn a lot of criticism for failing to stabilize things under center ever since Manning left. His one big swing in the draft, taking Paxton Lynch out of Memphis in the first round, was an abject disaster.

There are now a whopping seven GM vacancies across the league. Elway’s top deputy has been Matt Russell, and he had an opportunity to interview for the GM job but declined and elected to retire, Adam Schefter of ESPN.com tweets.

Russell will stay on for the time being to help Elway with the GM search, Schefter says. Bears exec Champ Kelly, 49ers exec Adam Peters (who has been linked to several other openings) and Bucs exec John Spytek are all names to keep an eye on for this search, Ian Rapoport of NFL Network says (Twitter video link).

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