John Elway announced Monday that he plans to relinquish his role as the general manager of the Denver Broncos.
Elway, however, will remain as the team's president of football operations and plans to hire a general manager that will work closely with head coach Vic Fangio. Elway has served as the Broncos' general manager since 2011.
"Working in this role for the last 10 years and going back to my playing days, I've always tried to do everything I can to help the Broncos win and get better," Elway said as part of a lengthy statement. "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."