I don't think either of those are correct.  Neither VJ nor Elway are going to make a unilateral decision on the starter.  It'll be a consensus decision.  And I think it will be Trevor to start this season.

That also doesn't mean Paxton is a complete bust if he doesn't start in his 2nd season.  Obviously they hoped he would progress faster, but it often doesn't work out that way.  Sitting on the bench to learn for 2 years as a QB is not that unusual.