Posted by Josh Katzowitz

The Broncos have officially announced that legendary QB John Elway has been named executive vice president of football operations.

We told you about this a couple days ago, but the Broncos have laid out Elway’s new responsibilities.

“John Elway’s leadership, competitiveness and passion for the Denver Broncos will position this team for long-term success through his work leading our football operations,” team owner Pat Bowlen said in a statement released by the team. “John has won championships as both a player and executive, and his experience will be a valuable addition to this franchise. He is the perfect fit for this role, and I am excited to welcome him back to the Denver Broncos.”

Elway, according to the team, will oversee GM Brian Xanders and the Broncos head coach (and will lead that coaching search) “while assisting in the supervision of the club’s football personnel department.” There had been some thought that Xanders could be on his way out, so this release confirms he will remain in his position.

Elway will have final authority over Denver’s football operations, though he will report directly to Bowlen and Joe Ellis – who has been named team president.

At the very least, it’s a move that should fire up the fanbase, which was let down by the Josh McDaniels era (except, of course, for TIM FREAKIN’ TEBOW).

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