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#pounditWednesday, September 28, 2022

Articles tagged: Denver Broncos

Report: Peyton Manning being eyed for potential Broncos role

Peyton Manning in a suit

Dec 15, 2018; Denver, CO, USA; Former Denver Broncos player Peyton Manning before the game against the Cleveland Browns at Broncos Stadium at Mile High. Mandatory Credit: Isaiah J. Downing-USA TODAY Sports

Peyton Manning is not currently involved with any group seeking to purchase the Denver Broncos, but it sounds like he’ll have the chance to get involved if he wants to.

Initial bids for the franchise are due Monday afternoon, and four groups are expected to submit a bid for the Broncos. According to Mike Klis of 9News, all four potential owners have reached out to Manning about a potential role in any purchase.

There is nothing surprising about any ownership groups wanting to get Manning onside. He remains a hugely popular figure in Denver and even still works with Denver players. He would add respect and clout to any potential owners.

The question is whether he would be interested in such a role. He has found huge success with his “Manningcast” on ESPN, and may want to stick with that. He likely has time to make a decision as the ownership process works itself out.

Ex-Russell Wilson teammate has surprising Broncos prediction

Russell Wilson in a tuxedo

Feb 10, 2022; Los Angeles, CA, USA; Russell Wilson appears on the red carpet prior to the NFL Honors awards presentation at YouTube Theater. Mandatory Credit: Kirby Lee-USA TODAY Sports

The Denver Broncos’ addition of Russell Wilson has vaulted them into the realm of playoff contenders in the eyes of many. That does not appear to be the case for a former teammate of Wilson’s, however.

KJ Wright, who played for the Seattle Seahawks from 2011 to 2020, predicted a last-place finish for the Broncos in the AFC West despite adding Wilson. Wright, who played for the Las Vegas Raiders last season, believes the division is simply too loaded and questioned Denver’s defense. The linebacker picked the Raiders to finish first, followed by the Los Angeles Chargers and Kansas City Chiefs in second and third.

“You got to look at it from a holistic standpoint. You got to look outside of the quarterbacks, what’s on the other side of the ball, what’s on defense,” Wright said in an interview with Mackenzie Salmon of USA Today. “I believe the Broncos have some pieces, but I don’t know if it’s going to be enough to slow down these weapons in this division. It’s going to be tight, but only three are going to make it.”

Wright is correct that the AFC West will be difficult. However, many would probably predict that the Raiders will be the odd team out. Wright, who is currently a free agent, apparently does not want to do that to his former squad.

The early reports out of Denver regarding Wilson’s impact have been positive, and there is plenty of optimism ahead of the new season. A lot of people would be very surprised if Wright’s prediction turns out to be true.

Denver Broncos sales price expected to reach unprecedented level

John Elway looks ahead

Aug 24, 2018; Landover, MD, USA; Denver Broncos executive vice president and general manager John Elway stands on the field during warm ups prior to the Broncos’ game against the Washington Redskins at FedEx Field. Mandatory Credit: Geoff Burke-USA TODAY Sports

The Denver Broncos are for sale, and the team is closing in on a new owner. The final sales price of the team is headed for unprecedented levels.

Pro Football Talk’s Mike Florio wrote an article on Monday about prospective owner Rob Walton visiting the Broncos that day. Last week, Walton was reported to be the favorite to purchase the team.

The price for the Broncos was expected to exceed $4 billion. But Florio now says the price is expected to be above $5 billion.

Walton is the heir to the Walmart fortune and said to have an estimated net worth around $70 billion.

A $5 billion sales price for the franchise would be more than double the largest sale for a team in North American sports history. Steve Cohen set the record when he paid $2.4 billion for the New York Mets in 2020. A $5 billion figure would also dwarf the $2.275 billion David Tepper paid for the Carolina Panthers in 2018, which marked the last sale of an NFL team.

Other NFL owners must be salivating at the prospect of a $5 billion sales price and what that does to their franchise valuation.

Broncos had perfect reaction to Seahawks’ draft pick

Broncos executives during the draft

The Denver Broncos did not have a pick in the first round of the NFL Draft this year, but Russell Wilson is now their starting quarterback because of that. They had a great way of celebrating while awaiting their turn last week.

The Broncos traded the No. 9 overall pick in this year’s draft to the Seattle Seahawks as part of a massive package for Wilson. When Seattle was on the clock last Thursday, Broncos executives watched Wilson highlights from their draft room and patted themselves on the back. General manager George Paton turned to John Elway and said “pretty good pick.”

It is not often that a team has an opportunity to trade draft picks for an established superstar quarterback. While the Broncos paid a hefty price, their reaction to the Seahawks being on the clock was a good reminder of how pleased they are with the deal.

Report: Favorite to become new Broncos owner emerges

George Paton in a suit

Jan 8, 2022; Denver, Colorado, USA; Denver Broncos general manager George Paton before the game against the Kansas City Chiefs at Empower Field at Mile High. Mandatory Credit: Ron Chenoy-USA TODAY Sports

The Denver Broncos have had plenty of interested prospective buyers since it was announced that the organization was up for sale. Now, just a few months later, the team is reportedly in the final stages of getting a new owner, and a favorite reportedly has emerged.

Woody Paige of The Denver Gazette reported on Thursday that the competition to buy the team is down to two finalists.

Paige reports that the group in the lead is led by Walmart heir Rob Walton, as well as family and minority partners. The other is a group headed by current co-owner of the Philadelphia 76ers and New Jersey Devils, Josh Harris, and includes an NBA legend.

Whichever of the two winds up as the Broncos’ new owner is expected to pay a record-breaking deal for a professional sports franchise, according to Paige.

“The ultimate bid for the Broncos will exceed $4 billon, and as much as $4.5 billion or more at auction, and become the record price paid for a professional sports franchise in the world,” Paige wrote.

Paige reports that Walton may have a leg up on Harris. According to the report, Walton would build a new stadium in Denver to rival that of the Los Angeles Rams.

Five groups made initial offers to purchase the Broncos. Of the five, only Walton, Harris and Los Angeles Dodgers investor Todd Boehly were named publicly.

The Broncos have won three Super Bowls in franchise history and have a rabid fanbase. But the team has not made the playoffs since the 2015 season.

NBA legend part of group looking to purchase Broncos

John Elway looks ahead

Aug 24, 2018; Landover, MD, USA; Denver Broncos executive vice president and general manager John Elway stands on the field during warm ups prior to the Broncos’ game against the Washington Redskins at FedEx Field. Mandatory Credit: Geoff Burke-USA TODAY Sports

Several investment groups have been preparing bids to purchase the Denver Broncos for what will likely be a record figure, and one NBA legend has entered the fold.

Magic Johnson has joined one of the bidding groups that is trying to buy the Broncos, according to a report from Sportico. The group is led by billionaire Josh Harris, who owns the Philadelphia 76ers and New Jersey Devils.

Johnson, of course, is a part-owner of the Los Angeles Dodgers. He was part of a group that purchased the team back in 2012. The Dodgers won a championship in 2020 and have been to the World Series three times since 2017.

Sportico estimates that the Broncos will sell for somewhere around $3.8 billion. That would be a record for the highest price ever paid for a sports franchise.

Several high-profile sports figures have been linked to the sale of the Broncos, and Johnson is the latest. The Pat Bowlen Trust is aiming to sell the team before the start of the 2022 season.

Broncos GM has great quote about lack of draft picks

George Paton before a game

Nov 28, 2021; Denver, Colorado, USA; Denver Broncos general manager George Paton before the game against the Los Angeles Chargers at Empower Field at Mile High. Mandatory Credit: Ron Chenoy-USA TODAY Sports

The Denver Broncos will have little to do for the early portion of the NFL Draft, but general manager George Paton is hardly bothered by that.

The Broncos traded the No. 9 and No. 40 picks to Seattle as part of the Russell Wilson trade, meaning the Broncos will not be on the clock until the No. 64 pick. While not an ideal scenario from a draft standpoint, Paton is completely unbothered by the lack of picks because of the reason behind it.

“We love having the first round picks, we love having the early second. But we also love having a franchise quarterback that sets the tone every day in the building,” Paton said, via Mike Klis of 9 News, “I come in here, he’s here working. There’s a reason he’s great. It’s because the work he puts in and all the players the entire organization are watching. There’s no pain in that. And so that first day we’ll watch Russell Wilson highlights.”

That’s a pretty great approach. Given the issues the Broncos have had with the quarterback position in recent years, the hefty cost in draft picks to acquire Wilson will probably prove worth it.

Paton can take heart, because there is precedent for his methods being successful. He just needs to take a look at the Los Angeles Rams.

Broncos player reveals how Russell Wilson is taking leadership role

Russell Wilson in a tuxedo

Feb 10, 2022; Los Angeles, CA, USA; Russell Wilson appears on the red carpet prior to the NFL Honors awards presentation at YouTube Theater. Mandatory Credit: Kirby Lee-USA TODAY Sports

Russell Wilson seems to be fitting right in with his new Denver Broncos teammates.

Wilson has quickly taken over a leadership role among his Broncos teammates, and that is apparent from how they speak about him. The new Broncos quarterback has regularly FaceTimed his teammates on both sides of the ball. One of them is wide receiver Courtland Sutton, who marveled over Wilson’s ability to take command of the offense.

“His knowledge of the game is to a different level,” Sutton said, via Jeff Legwold of ESPN. “It comes to him so easy, he wants everyone around him to understand it the way he understands it. … [But] you all can feel it, we all can feel it, the juice is just different. I wasn’t here when Peyton Manning was here, but everyone who was here when Peyton was said the juice is similar. … Everyone understands we have to operate at a different level, a different standard.”

A Manning comparison certainly can’t hurt, and it fits that Manning has been very much involved in Wilson’s introduction to Denver. The Broncos have lacked a steady solution at quarterback for several years, but clearly they’ve found it now. Wilson’s arrival has definitely boosted the team’s belief levels, if nothing else.

Broncos share big news about sale of franchise

John Elway looks ahead

Aug 24, 2018; Landover, MD, USA; Denver Broncos executive vice president and general manager John Elway stands on the field during warm ups prior to the Broncos’ game against the Washington Redskins at FedEx Field. Mandatory Credit: Geoff Burke-USA TODAY Sports

The sale of the Denver Broncos can now proceed without issues.

The trustees of the Pat Bowlen estate have been looking to sell the Broncos, but there was one minor complication. When Bowlen purchased the team from Edgar Kaiser Jr. in 1984, Kaiser obtained a right of first refusal (ROFR) in the case Bowlen were to sell the team. Even though a judge ruled in January that the ROFR was no longer valid, the trustees of Kaiser’s estate challenged that ruling via a court motion.

According to 9 News in Denver’s Mike Klis, the Bowlen estate and Kaiser estate reached a settlement that resulted in the motion being dissolved.

The result of the motion being dissolved is that those interested in bidding on the Broncos can do so freely without worrying about the Kaiser estate having an opportunity to match the bid.

The Broncos’ CEO has said that there are between 5-20 bidders on the team.

The sale price of the Broncos is expected to be in the multiple billion dollar range.

The Broncos have won three Super Bowls in franchise history, including in the 2015 season. They haven’t made the postseason since then, but their future is looking better since the Russell Wilson trade.

Kyle Rudolph reportedly had free agent workout with AFC team

Kyle Rudolph Giants

Kyle Rudolph’s tenure with the New York Giants was short-lived. He lasted just one season in East Rutherford, getting the boot after the team fired head coach Joe Judge and hired Brian Daboll.

But don’t count Rudolph out just yet. Despite his poor shoring in 2021, which began with a pre-season foot surgery, the veteran tight end is still generating interest on the open market.

FOX Sports insider Jay Glazer reports that Rudolph recently had a workout with the Denver Broncos.

It’s no secret that the Broncos are in need of another tight end. They currently have just three on their roster — Albert Okwuegbunam, Eric Tomlinson and Shaun Beyer — and are in desperate need of a veteran who can block. Although he’s on the downside of his career, Rudolph obviously fits that bill.

There’s also the connection to Broncos general manager George Paton, who was the Minnesota Vikings’ director of player personnel when they selected Rudolph 43rd overall in 2011. The two remained side-by-side until last offseason when the veteran joined the Giants.

The Broncos did not immediately sign Rudolph to a contact, but the two sides are likely to reconvene following the 2022 NFL draft.