The Denver Broncos on Friday acquired veteran running back Tony Dorsett from the Dallas Cowboys in exchange for a conditional fifth-round draft pick that could go as high as a first-rounder depending on Dorsett's performance in Denver.

"I'm excited," Broncos Coach Dan Reeves said. "I think Tony can help us. If I didn't think so, we wouldn't have gone after him. I think he'll fit in very well with what we do on offense.""He's just going to help us tremendously," added Broncos quarterback John Elway.

The trade had been expected for nearly a week. Last weekend, Dorsett helped facilitate the deal by agreeing to forfeit about $2.4 million in deferred payments.

Dorsett had sought to be traded since being demoted behind Herschel Walker in the Cowboys backfield.

Dorsett, 34, will enter his 12th professional season this fall. He stands fourth on the NFL's all-time rushing list with 12,036 yards and is just 84 yards behind No. 3 Franco Harris and 276 yards shy of No. 2 Jim Brown.

Last season he ran for 456 yards on 130 carries and caught 19 passes for 177 yards, scoring two touchdowns. He played in 12 games last season, starting six, and was held out of two.

Although slowed by knee and ankle injuries in 1986, he still led the Cowboys in rushing for the 10th consecutive season.

A remarkably durable performer, the 5-foot-11, 189-pound Dorsett had missed only three games in nine years prior to the 1986 season.

The Cowboys could receive as high as a first-round 1989 draft pick for Dorsett, depending on his playing time and performance in Denver this season.