Denver later increased their offer $7.5 million and wound up settling at $8 million even.
Jason La Canfora reports that Elvis Dumervil‘s agent, Marty Magid, mentioned that he didn’t receive the contract from the Broncos until 3:42 ET and had it faxed back to the team by 3:55 pm, which is when the Broncos made the decision to release him.
- Magid also disputed the Broncos’ reported timeline and added that they changed the terms of the agreement an hour before deadline which created a delay.
- Magid told La Canfora that he hasn’t spoken with Denver since the deal broke down, but added that he’s already been in contact with other teams regarding Dumervil.
We’ll have more when we know what the market looks like for him.
Klis also mentions that the contract was not filed by the 1:59 p.m. deadline, despite reaching an agreement at 1:25 p.m. Denver received the faxed contract at 2:07 p.m.
- Albert Breer reports the Broncos gave Dumervil until 1 pm MT to accept the deal, but it wasn’t until 1:25 that he verbally accepted their offer. Denver was already preparing to release him as of 1 pm.
- Albert Breer adds that this error will cost the Broncos $4.869 million in dead money from.
- Jeff Legwold reports that Dumervil’s release leaves the Broncos with a huge amount of dead money and limits their ability to re-sign him to a new contract.
- Jeff Darlington tweets that the Broncos “urgently attempted to get contract sent by Dumervil’s agent, even suggesting other post-1980s technological means to doing so.”
- Jeff Darlington’s source mentioned that Dumervil’s agent made a “colossal mistake” by not getting the signed contract faxed in time.
EPSN’s Adam Schefter reports that Broncos DE Elvis Dumervil has agreed to pay cut that will allow him to remain with the team. Schefter adds that the agreement includes a $3.5 million guarantee that will take effect on the second day of the 2014 league year.
- Albert Breer reports that it’s his understand that Dumervil has agreed to reduce his 2013 salary from $12 million to $8 million.
- Mike Garafolo adds that the paperwork has yet to be filed, but confirms that there is an agreement.
It’s really a smart move by Dumervil, even though he’s losing out on $4 million, because he most likely would received much less on the open market. Defensive ends like Cliff Avril and Michael Bennett have been forced to take limited contracts in recent days to an unwillingness by NFL teams to pay big money.
Rapoport adds that his agent has already submitted a proposal to the Broncos, but has yet to hear back from them.
Denver is reportedly willing to bring in a replacement for Dumervil if he’s unwilling to renegotiate his current deal. You’ll find speculative options listed below.
Klis adds that Denver is unlikely to release Dumervil until they have a replacement secured.
The agent for Broncos DE Elvis Dumervil mentioned that he’s asked the team to release his client before the start of free agency on Tuesday.
“We’re at an impasse,” said Marty Magid, via the Denver Post. “But if we can’t reach common ground and you know as an organization that you’re going to release him, then we’d like for them to release him by (2) p.m. tomorrow and not wait another four days. No hard feelings. We just disagree on their restructure option.”
Magid reportedly submitted a counter offer that was more of a restructured contract than a pay cut. Denver wouldn’t have to release him until Saturday, which is when his contract becomes fully guaranteed.
Dumervil should be able to find plenty of interest on the open market, assuming of course that the two sides aren’t able to reach an agreement in the coming hours.