Posted: Jan 2, 2011 10:03 AM by AP
Updated: Jan 2, 2011 10:07 AM
DENVER (AP) - A person with knowledge of the negotiations says Hall of Famer John Elway is expected to rejoin the Denver Broncos as their chief football executive by midweek.
The person spoke to The Associated Press on Sunday on condition of anonymity because the deal to bring Elway back to the franchise hasn't been completed.
Team spokesman Patrick Smyth said reports that the team had already reached an agreement with Elway were premature.
Elway's first order of business will be to search for a coach. The Broncos (4-11) fired Josh McDaniels last month in the midst of their worst skid in four decades.
They have won just one playoff game since Elway retired in 1999 following his second straight Super Bowl title and haven't reached the postseason in five years.