Along with his shiny new contract, reportedly making him the highest-paid GM in the NFL, John Elway is getting a bump in title.

Elway, who signed a new five-year contract earlier this week, was promoted to President of Football Operations/General Manager, Broncos President & CEO Joe Ellis announced on Wednesday.

“We’re football first here at the Broncos and obviously John is our leader of the team,” Ellis said at the team’s annual training camp Media BBQ on Wednesday. “I think he is definitely deserving of this title elevation. It’s really a recognition that he deserves for all that he does and all that he has done for this team over the years since he arrived here in 1984.”

Elway is entering his seventh season as the team’s lead football executive. The Hall of Fame quarterback has guided the Broncos to the second-most overall wins (73) in the NFL since taking the reins in 2011. His teams also captured AFC West Division titles in five of the last six years while winning its third World Championship in Super Bowl 50 following the 2015 season.

Elway, who was hired by Broncos Owner Pat Bowlen to lead the team’s football operations on Jan. 5, 2011, is currently signed through the 2021 season.

Elway played 16 years quarterback with the Broncos, his only team, from 1983-98. His accolades include five Super Bowl appearances and two World Championships, Super Bowl XXXIII MVP, 1987 NFL MVP and nine Pro Bowl nominations, among numerous others.