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Before the season, the Broncos traded with the Baltimore Colts for the rights to first overall pick in the 1983 draft, quarterback John Elway. He started ten games for the Broncos as a rookie, and the team won four of them.
In his first two starts, both road wins, Elway left the game trailing, relieved by veteran Steve DeBerg.
After three straight losses, Elway was benched by Reeves in early October; and DeBerg led the team to four consecutive victories and a 6-3 record. A shoulder injury in a loss in Seattle sidelined him and Elway again became the starter. In the rematch with Seattle two weeks later in Denver, Elway was out with the flu and third-string rookie Gary Kubiak led the Broncos to a win.
Elway's finest game as a rookie came in Week 15, the Broncos' second game against Baltimore, the team that drafted him. Denver trailed 19-0 at the start of the fourth quarter, until Elway threw for three touchdowns in the final period to win 21-19 and kept their playoff hopes alive. The following week was a lopsided road loss at Kansas City in -30 °F (-34 °C) wind chill, but the Broncos made the playoffs, gaining the final AFC berth over Cleveland, also at 9-7, whom they defeated in Week 14.
DeBerg started the wild card playoff loss in Seattle, and was relieved by Elway in the fourth quarter.
The Broncos' wild-card playoff loss to the Seahawks marked the team's only playoff appearance during the tenure of the team's then-owner Edgar Kaiser Jr.. Pat Bowlen bought the team from Kaiser in the offseason.