Kiz: John Elway has done a remarkable job as architect of the Broncos. Now he faces a decision as tough as the one he made in 2012, when he signed Peyton Manning — then widely considered to be damaged goods — and traded the widely popular Tim Tebow. Now the Broncos must decide the worth of Brock Osweiler. I expect Elway to start with the same question as four years ago: Does Osweiler give Denver its best shot to win the Super Bowl?

Renck: With the Broncos owning the NFL’s top-ranked defense, adequacy at quarterback can win another championship. Osweiler can fill that role, and with an entire training camp as the starter he would help open up the playbook. The Broncos won’t win back-to-back Super Bowls with an offense in which, as CBS analyst Boomer Esiason told me, “the only thing missing is three backs in the backfield.” The attack will expand under a full-time Osweiler, mirroring his skill set with more deep throws and bootlegs.

ORDER NOW: “Fight to the Finish” 160-page hardcover book on the Broncos’ Super Bowl season

Kiz: NFL general managers often get in trouble by paying fair-market price. That’s especially true with quarterbacks. Paying what the market will bear instead of what is best for your football team is a recipe for disaster. Recent comparable contracts for Osweiler include Nick Foles, Mark Sanchez and Matt Cassel. Somebody overpaid and was sorry in every single case. Based on seven starts, Osweiler is worth a maximum of $10 million per year. And not a penny more.

Renck: The market determines worth, and it only takes one suitor to establish that value. The Broncos won’t be able to secure Osweiler at $10 million per season, not based on what Foles received a year ago. I repeatedly have said that a three-year, $36 million deal fits. It might take a four-year deal, but the structure would include almost all guarantees in the first two seasons. If it exceeds that range, the Broncos won’t engage in a bidding war, leaving them to contemplate options such as Robert Griffin III.

Kiz: Osweiler is not the next great Denver quarterback. The instructive lesson here is Kevin Kolb. He was a second-round pick by a strong Philadelphia team in 2007. He sat behind Donovan McNabb until getting a shot in 2009, then threw for more than 300 yards in each of his first two starts. The Eagles gave Kolb a six-year contract worth about $10 million per season. Philly then traded Kolb to Arizona for Pro Bowl cornerback Dominique Rodgers- Cromartie and a second-round draft choice. So there’s a template for Denver: To sign Osweiler, it must be at a price that makes him attractive as trade bait.

Renck: Kolb and Matt Flynn represent cautionary tales. They were backups for a reason. Osweiler brings questions, but in this offense with this team, he makes the most sense of all the available options. Osweiler possesses leadership skills, is well liked in the Broncos’ locker room and has earned teammates’ respect through hard work. Introducing a new quarterback into this environment carries more risk than signing Osweiler. If the price stays modest, it’s an easy choice to go Brock to the future.