Wade Phillips: NFL Should Be TERRIFIED ... Of Peyton Coaching

Broncos defensive coordinator Wade Phillips says the NFL should absolutely panicked about the idea of Peyton Manning coaching ... saying if the ex-QB ever put on a headset he could take over the league.

We got Phillips leaving The Griddle in L.A. where he attempted to finish a pancake (seriously, you seen those things?) and asked and if he thought Peyton would make for a great head coach someday.

The short answer is yes ... with Wade telling our camera guy if Peyton ever decided to call signals from the sidelines instead of under center ... the entire league would be in serious trouble.

Bonus awesomeness? Wade gives us his expert opinion on Von Miller's chances of winning "Dancing with the Stars" and if you don't think Wade's a dancing expert ... check out the video below.