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WEST LAFAYETTE, IN - SEPTEMBER 12: John Elway of the Stanford Cardinal plays in an NCAA football game against the Purdue Boilermakers on September 12, 1981 at Ross-Ade Stadium in West Lafayette, Indiana. Visible behind Elway is Stanford's Offensive Coordinator Jim Fassel. (Photo by David Madison/Getty Images) PALO ALTO, CA - APRIL 1981: Future NFL quarterback John Elway of Stanford University competes in an NCAA baseball game played at Sunken Diamond stadium in April 1981 in Palo Alto, California. John Elway played baseball and football at Stanford. (Photo by David Madison/Getty Images) (Original Caption) John Elway, who is being wooed by both the NFL and the New York Yankees, met at Yankee Stadium with Billy Martin here. The former Stanford All American quarterback, who played the outfield for the Yankees' Oneonta, New York farm team, said he will decide between football and baseball immediately after the football draft. Martin shows Elway a photo of Joe DiMaggio, Mickey Mantle, and Casey Stengel hanging in the owner George Steinbrenner's office. PALO ALTO, CA - AUGUST 1982: John Elway of the Stanford Cardinal poses for a feature highlighting his football and baseball pro career options in August 1982 at Stanford University in Palo Alto, California. (Photo by David Madison/Getty Images) (Original Caption) New York, New York: NFL Commissioner Pete Rozelle announces the first pick of NFL college draft 4/26. The Baltimore Colts selected Stanford's quarterback John Elway. (Original Caption) San Jose, California: John Elway (R), Stanford's All-American quarterback and the first player picked in the National Football League draft, announced, April 28th, he has "agreed in principle" to a 5-year contract with the Denver Broncos. Elway and his father Jack (L), who is head football coach at San Jose State, shown as they tell press they were thoroughly frustrated by how the NFL draft works, and they were especially disappointed in the Baltimore Colts. Denver Bronco first round NFL draft choice Chris Hinton, pictured in this 4/28/1983 file photo was traded to the Baltimore Colts, May 2nd, along with Bronco quarterback Mark Herrmann for Baltimore's rights to John Elway. Elway considered a natural passer was the first round number one pick in the annual NFL draft last week. Hinton is pictured being introduced to press by the Broncos. (Original Caption) John Elway, picked by Broncos in NFL draft, standing alone at a press conference with the Denver Broncos Logo in the background. JUL 14 1983, JUL 15 1983; John Elway bobbles the Impliment of decision during practice 7/14.; (Photo By Duane Howell/The Denver Post via Getty Images) DENVER, CO - CIRCA 1983: Head Coach Dan Reeves of the Denver Broncos talks with quarterback John Elway #7 on from the sidelines during an NFL football game circa 1983 at Mile High Stadium in "nDenver, Colorado. Reeves was the head coach of the Denver Broncos from 1981-92. (Photo by Focus on Sport/Getty Images)
PHOTOS – 35 years ago, the Broncos traded with the Colts for John Elway