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Kyle Orton gets the captain title because he will win the starting quarterback position out of training camp.
Every starting quarterback coming out of training camp receives the captain designation. The only exception to the rule is if there isn't a clear cut choice at quarterback, and the competition continues into the season.
As for now, Orton has the starting quarterback role locked up, with Brady Quinn and Tim Tebow competing for the backup slot.
Do I think Orton has the leadership capabilities to be a captain for the Broncos? No. He was absent from almost all of the pre-camp workouts organized by some of the existing team captains, and he was anticipating being traded to Miami for the first part of training camp.
When talks broke off, the Broncos front office was fully committed to Orton as their quarterback. Orton won't be back in Denver next year, so he is basically auditioning all of this year to start for another team in 2012.
As a mercenary, one wonders how effective a "leader" can be if there is a great desire to succeed personally, but little vested interest in succeeding as a team.