ENGLEWOOD, Colo. -- John Elway led Denver to the Super Bowl faster as a front office executive than he did as a quarterback.

On Wednesday, the Broncos extended his contract, which was set to expire after this year, through 2017 and added general manager to his title of executive vice president.

Team President Joe Ellis lauded the work Elway has done so far, saying he’s "demonstrated great vision and leadership in his role, assembling a championship caliber team and positioning it for sustained success."

Elway, who will speak publicly on Friday at the NFL combine in Indianapolis, said in a statement that he was grateful for the opportunity and "we remain relentlessly committed to delivering a world championship" to Denver.

The Broncos are coming off their first AFC title in 15 years but they were blown out 43-8 by Seattle in the Super Bowl, a result that was eerily similar to the first three of Elway’s five Super Bowls before he capped his Hall of Fame playing career with back-to-back titles in 1998 and ‘99.

Asked at his end-of-season news conference last week how long it took him to get over those losses, Elway said, "I’m not over them yet. I just added this one to it."

The Broncos have gone 37-17 since Elway rejoined the team on Jan. 5, 2011, when owner Pat Bowlen brought him back to rescue a franchise reeling from a nosedive under Josh McDaniels that bottomed out with a 4-12 season, Denver’s worst in four decades.

Elway’s first order of business was hiring coach John Fox, who has led Denver to three straight AFC West titles and is expected to sign his own long-term extension soon.

Next on Elway’s to-do list was changing the losing culture that had enveloped his beloved Broncos while he was away honing his managerial skills by running restaurants, car dealerships and an indoor football league franchise.

That began with a roster makeover.

"I think No. 1, we had to clean up the locker room. We had to get to get the locker room right," Elway said last month. "... that is really the life bread of what the organization is all about. How that locker room fits is the most important thing."

Although it’s early to render a verdict on his draft acumen, Elway has unquestionably hit the jackpot in free agency, first by luring Peyton Manning to Denver in 2012 and then last year by signing Wes Welker and Louis Vasquez, who in 2013 became the NFL’s only free agent signee to earn All-Pro first-team honors.