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Broncos Extend John Elway

Al Messerschmidt/Getty Images(NEW YORK) -- After falling to the Seahawks in Super Bowl XLVIII, the Denver Broncos are still happy with the work team president John Elway has done.

The Broncos added general manager to his name and rewarded him with a new contract extension that goes through the 2017 season on Wednesday.

During his three years in Denver, the Broncos have won three straight AFC West titles, but were blown out in the Super Bowl.

"The goal has not changed and it will not change. We will use this as an experience that we went through, be disappointed that we didn't play better, but the bottom line is this organization and what Pat Bowlen wants from this organization -- that has not changed and it will not change," Elway said at the season-ending press conference.  

"The bottom line is we're going to work as hard as we worked this year, if not harder, and continue to do that with the mindset that we want to be World Champions and we're going to do everything we can to get there," he added.

The Broncos will now look to sign head coach John Fox to a multi-year extension.  

Copyright 2014 ABC News Radio

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