In an interview on CNBC's Power Lunch today, NFL Hall of Famer and Denver Broncos General Manager John Elway strongly denied any collusion played a part in the Broncos' $70 million contract deal with Demaryius Thomas. The contract raised eyebrows because it was for the exact same amount and 5-year term as the $70 million deal Dez Bryant just signed with the Dallas Cowboys.

When Power Lunch's Mandy Drury asked Elway whether the Broncos had any conversations with the Cowboys before making that deal, Elway called rumors of any collusion, "totally false."

When asked by Tyler Mathison about the impending decision on Patriots QB Tom Brady's "deflategate" penalty, Elway defended the often criticized NFL Commissioner Roger Goodell saying, "he's done a good job."

Elway, who won two Super Bowls with the Broncos in the 1990's, also denied he ever doctored a football when he was a player.

Elway also said he expects Los Angeles to get an NFL team within the next 10 years.

As far as off the field topics, he talked about the new online car buying site he's investing in, Vroom, and explained why he thinks it will be a success.

"With Millennials doing so much of their shopping online, the old car buying experience is changing."