The following is a statement released by Broncos president Joe Ellis:

"(Owner and CEO) Pat Bowlen is extremely disappointed that a new Collective Bargaining Agreement has yet to be reached. He shares our fans' frustrations, disappointment and sense of urgency for a quick resolution.

"This is part of the process and not the end of the process. The owners are looking forward to getting back to the negotiating table and working toward a new deal that benefits our teams, players and fans. Everyone is committed to growing the game that we love.

"The Broncos are continuing with preparations for the NFL draft and the 2011 season. We're all hopeful that a deal is reached as soon as possible."

Bowlen is a member of the league's labor committee that was on hand in Washington D.C. during the final days of negotiations.