DENVER
01/07/2011 03:00 pm ET | Updated May 25, 2011

Jim Harbaugh Not Taking Broncos Coaching Job, John Elway Concedes

UPDATE (6:13 PM, MST): The AP Reports on the Broncos' thinking in the wake of Harbaugh's decision not to interview:

With Harbaugh taken, Elway said he's not interested in interviewing any other coaches looking to jump from the college ranks to the NFL.

"I think Harbaugh's a different guy because he's been in the NFL. But outside of that, I'm inclined to stay in the NFL," Elway said.

First up for interviews on Sunday are New York Giants defensive coordinator Perry Fewell, who was an interim coach in Buffalo in 2009, and Eric Studesville, who went 1-3 as interim Broncos coach after his promotion from running backs coach following McDaniels' firing last month.

Elway tweeted Friday afternoon that he "just received permission to speak with Jaguars Offensive Coordinator Dirk Koetter," who went 66-44 as head coach at Boise State (1998-00) and Arizona State (2001-06).

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Another hot coaching prospect has dropped out of the running for the Broncos head coaching vacancy.

Speaking on 87.7 The Ticket Friday morning, newly-hired Broncos executive John Elway conceded that Stanford coach Jim Harbaugh would not be the next Broncos coach.

"To me, it's coming down to Stanford, and I think Michigan is back in the picture," Elway--a former Stanford star--said of Harbaugh. "I think he wants to stay in the college level. 'Cause we've been in touch with him, and they are aware we'd like to talk to him if he wants to go the NFL route."

Elway said on Wednesday that the team was interested in talking to Harbaugh about the head coaching job, which opened up after the team fired Josh McDaniels in December.

The AP reported on Friday morning that the possibility of guiding Stanford to a national championship behind star quarterback Andrew Luck was alluring to Harbaugh. The San Francisco 49ers have also offered him a deal.

The Broncos had also scheduled an interview with Atlanta Falcons offensive coordinator Mike Mularkey, but Mularkey canceled on Thursday, claiming that he wanted to focus on his current team's playoff run.

Elway also said on Thursday that the team would be limited in what it could pay its next coach because it still owes money to McDaniels and previous coach Mike Shanahan.