John Elway Net Worth, Salary, Contracts, Business Ventures

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John Albert Elway, Jr.

Net Worth: $50 million

Source of Wealth: sports, football

Born: June 28, 1960 in Port Angeles, Washington, USA.

Pro Career: 1983-1998

John Elway earned his wealth playing football in the NFL as a quarterback. He is a 2-time Superbowl champion and 9-time Pro Bowler. In 2011, he became Executive Vice President of Football Operations of the Denver Broncos.

How much money does John Elway make?

Elway’s base salary was $1.4 million in 1989. It reached the $2-million mark in 1993.

In 1998, Elway restructured his contract to help the Denver Broncos free up money under the salary cap. The restructuring will lowered his base salary from $4.05 million to $300,000 — one of the lowest base salaries for an NFL starting quarterback that season.

Contracts
1996: Signed a 5-year, $29.5 million contract with the Denver Broncos.
1987: Signed a 6-year, $9.7-million contract extension with the Denver Broncos.
1983: Signed a 6-year, $12.7 million contract with the Denver Broncos.

Paid endorsements and sponsors

Elway has gotten endorsement deals with Sprint, General Motors (Chevrolet), Neptune Krill Oil, Circuit City, National Broadcasting Company (NBC), Vortex Mega Flight, Nestlé (Crunch bars), Sound Bites lollipops, and Icon LASIK (LASIK eye surgery).

Business empire

Since retiring from playing football, Elway has owned several businesses, including once being part owner the Colorado Crush, an arena football team that suspended operations in 2009.

Elway owns two steakhouse restaurants, each named “Elway’s”: One is located in the Ritz-Carlton Hotel in downtown Denver, and the other in the upscale Cherry Creek shopping district.

Elway owned five auto dealerships in Denver called John Elway Autos. He sold the five dealerships to AutoNation for $82.5 million in 1997.

Elway still owns two Toyota Scion dealerships, one in Ontario, California and another in Manhattan Beach, California, a Chrysler Jeep dealership in Greeley, Colorado, and a Chevrolet dealership in Englewood, Colorado.

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Posted by Admin   @   8 May 2012 0 comments

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