A week ago, John Elway said a contract extension for Denver Broncos coach John Fox was “the next thing on the agenda” for the team. On Friday, Elway showed he means what he says as the team’s top decision-maker.
The Broncos and Fox agreed to terms on a three-year contract extension that essentially tears up the final year of his original deal — the 2014 season — and now runs through 2016, the team announced Saturday.
Sources said the extension was “fair” to both sides and puts Fox among the league’s best-paid coaches. It is also the last big loose end the Broncos have on the contract front, with Elway having signed his own extension earlier this offseason to go with all of the team’s free agent activity.
Fox signed a four-year contract worth an average of approximately $3 million a year when the Broncos hired him in 2011. He would have received a $1 million bonus had the Broncos won Super Bowl XLVIII last month, but Denver was bullied, 43-8, by the Seattle Seahawks.
The Seahawks announced coach Pete Carroll’s own three-year extension Friday.
Jeff Legwold for ESPN
