Speaking at a fundraising event in Pueblo, Elway said, "I'm disappointed for both sides, I look at the Denver Broncos organization as the best in the NFL, as well as Jay Cutler as (one of) the top five quarterbacks in the league."
He went on to say, "I just hope with everything that's gone on, obviously, there's been feelings hurt along the way, that they can get over that and realize that it's all about winning football games."
Elway was also optimistic that things will work out in the long run.
"I'm sure that they'll keep working on it and we're going through a phase right now, obviously Jay's feelings have been hurt, and I understand that because if you like the place you are playing you don't want to hear your name in trade talks," Elway said. "It's tough, I'm hopeful, I think Pat Bowlen's still the best owner in the NFL and if I'm Jay Cutler, the place I wanna play is a place where the No. 1 thing that counts is winning Super Bowls and that's what Pat Bowlen cares about."
Cutler and Broncos management have been feuding ever since the quarterback's name surfaced in trade talks for Matt Cassel.
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