Elway shared his thoughts on the Broncos' first round draft pick with 9NEWS Sports Anchor Susie Wargin prior to the second round of the Colorado Golf Association Four-Ball Championship at Legacy Ridge in Westminster.
"He's got the potential, he won at the college ranks, and won the Heisman, so there is talent there, there's a want there," Elway said. "I think we have a great competitor so that gives us hope."
The former Broncos quarterback was also quick to point out the success McDaniels had coaching New England Patriots quarterbacks Tom Brady and Matt Cassel.
But Elway says Tebow should not be the only measure of this draft.
The Broncos traded Jay Cutler, Brandon Marshall and Tony Scheffler in exchange for draft picks that were used on two wide receivers and three young offensive lineman, so only time will tell if Coach McDaniels made the right decisions.
Elway believes McDaniels has the ability to teach and ultimately coach Tebow at the NFL level.
Elway and Tebow have yet to meet face to face but No. 7 has communicated with No. 15.
"We've text back and forth, so he did text me when he came in town, which I thought was pretty neat, so I'm looking forward to meeting him and if I can help in any way, I'm more than glad to," Elway said.
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