STANFORD, Calif. -- Stanford football is finally retiring John Elway's No. 7 jersey.

The former Cardinal quarterback and No. 1 overall pick of the 1983 NFL draft will have his jersey retired during halftime of Stanford's home game against Oregon on Nov. 7. Elway, now the executive vice president of the Denver Broncos, will join Ernie Nevers' No. 1 and Jim Plunkett's No. 16 as the only jerseys the school has enshrined.

Wide receiver Ty Montgomery and defensive end Aziz Shittu both wear No. 7 currently. They will be the last two to wear the jersey at Stanford.

Elway said in a statement that, ''I am extremely humbled that Stanford has chosen to recognize me in this very special way.''