We tend to accept it on faith that he was one of the all-time great QBs. His bulk stats attest to that:
#6 all-time in passing yards
#7 in passing TDs
#6 in completions
.641 career winning percentage
#4 in career wins for a QB
But looking at his efficiency numbers tells a different story. Obviously, comparing him to guys playing today is silly because of how much the game has changed, but even compared to his contemporaries, Elway rarely stood out in terms of efficiency.
In fact, throughout his career, the only times Elway led the league in any statistical category, it was for bulk totals (twice for attempts, once for completions and once for yards)
I compared his numbers in five efficiency categories (completion %, TD%, INT%, yards per attempt and passer rating) year-by-year to those of the median (I didn't use mean because it would be affected by outliers) qualifying QBs and found that, especially in the 80s and early 90s, Elway rarely did much better than the median in any of these categories and was frequently worse.
(Green indicates better than league median; Red indicates worse)
Elway's efficiency numbers only remain consistently better than the league median only when Denver switches to the West Coast Offense with the arrival of Jim Fassel as the offensive coordinator in 1993 (the team would stick to that offensive system when Mike Shanahan takes over in '95), and as we all know, the WCO can make any quarterback look good. And even under those favorable conditions, Elway's numbers still lagged well behind other notable WCO quarterbacks like Steve Young, Brett Favre, Erik Kramer and Randall Cunningham.
#6 all-time in passing yards
#7 in passing TDs
#6 in completions
.641 career winning percentage
#4 in career wins for a QB
But looking at his efficiency numbers tells a different story. Obviously, comparing him to guys playing today is silly because of how much the game has changed, but even compared to his contemporaries, Elway rarely stood out in terms of efficiency.
In fact, throughout his career, the only times Elway led the league in any statistical category, it was for bulk totals (twice for attempts, once for completions and once for yards)
I compared his numbers in five efficiency categories (completion %, TD%, INT%, yards per attempt and passer rating) year-by-year to those of the median (I didn't use mean because it would be affected by outliers) qualifying QBs and found that, especially in the 80s and early 90s, Elway rarely did much better than the median in any of these categories and was frequently worse.
(Green indicates better than league median; Red indicates worse)

Elway's efficiency numbers only remain consistently better than the league median only when Denver switches to the West Coast Offense with the arrival of Jim Fassel as the offensive coordinator in 1993 (the team would stick to that offensive system when Mike Shanahan takes over in '95), and as we all know, the WCO can make any quarterback look good. And even under those favorable conditions, Elway's numbers still lagged well behind other notable WCO quarterbacks like Steve Young, Brett Favre, Erik Kramer and Randall Cunningham.
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