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This is a crazy story: Broncos release Elvis Dumervil


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#1 Ryno the Jet

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Posted 15 March 2013 - 08:05 PM

http://espn.go.com/n...cording-sources

Broncos release Elvis Dumervil

Dumervil Released After Paperwork Snafu

Denver Broncos defensive end Elvis Dumervil agreed to a reduced salary, but was released by the team after the paperwork for the new contract was not filed with the league office in time Friday, according to sources.

Dumervil's 2013 salary of $12 million was set to be guaranteed at 4 p.m. ET, but he agreed to take a pay cut to $8 million.

According to a source, both parties reached agreement at 3:25 p.m. ET on the restructured contract. But the team did not get a fax from Dumervil's agent until 4:06 p.m. ET, so it had to release him, according to the source.

Broncos team president John Elway issued a statement Friday night, explaining the situation from the team's point of view.

"Due to the procedural elements that were involved in executing the new proposal, we imposed a 1 p.m. MDT deadline for a decision, one hour before the NFL's waiver wire at 2 p.m. MDT. Our deadline was clearly communicated to Elvis' representative," Elway said in the statement. "At 1 p.m. MDT, we were informed by Elvis' representative that he declined our offer. We then prepared Elvis' termination notice to officially file his release with the NFL office.

"At approximately 1:25 p.m. MDT, however, we were informed that Elvis changed his mind and accepted the same contract we proposed nearly two-and-a-half hours earlier. Although we expressed our concern regarding the time constraints, we were assured that the signed documents would be submitted to us before the league's waiver deadline.

"We did not receive the documents from Elvis by the league's deadline and were forced to release him shortly before 2 p.m. MDT.

"Due to this situation, there are now salary-cap implications associated with this transaction that we must consider with regard to potentially re-signing Elvis. At this moment, we are discussing all of our free-agency options to determine what's best for the Denver Broncos."

Marty Magid, Dumervil's agent, said he received the renegotiated document from the Broncos at 3:45 p.m. ET. He said he had Dumervil wait by a fax machine to receive the copy and then send it back.

Magid said he thought he got it back in proper time.

"I got it and just hit the button," he said.

Magid said he already has received calls from other teams interested in signing Dumervil.

Previously, Elway called Dumervil's contract "out of whack."

"It's not all about dollars. But when it's way out of whack? Then it's so out of whack that you've got to say: That [salary] can't be it," Elway said Thursday, according to the Denver Post. "Especially when you look at the market and what's out there now. Hopefully, he realizes that."

Dumervil signed a six-year, $61.5 million contract in 2010 when Josh McDaniels was coaching the team and before Elway joined the Denver front office.

Dumervil had 11 sacks last season, second on the team behind Von Miller. Dumervil led the league with 17 sacks in 2009.

Though the parties had agreed on a deal, the odds of Dumervil returning to Denver are hampered because cutting him could leave them with a salary cap hit of up to nearly $5 million.

The Broncos need more cap space while trying to shore up their interior defensive line, cornerback and running back positions. Peyton Manning will earn $20 million in 2013, and if the Broncos had Dumervil play at his previous salary, those two would have accounted for more than one-quarter of their cap space.

Among the pass-rushers on the market this season include Manning's former teammate with the Colts, Dwight Freeney.

Information from ESPN NFL senior writer John Clayton, ESPN NFL Insider Adam Schefter and The Associated Press was used in this report.

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#2 Il Mostro

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Posted 15 March 2013 - 08:14 PM

Evidently, Elvis and his agent aren't the sharpest pencils in the box.  


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#3 Ryno the Jet

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Posted 15 March 2013 - 08:19 PM

Evidently, Elvis and his agent aren't the sharpest pencils in the box.  


Yup, it is hard to imagine that any other team would pay him 8 mil per year.

Will the Jets be interested?
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#4 spjets

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Posted 15 March 2013 - 08:26 PM

elvis has left the building................
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#5 #27TheDominator

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Posted 15 March 2013 - 08:30 PM

Sounds like bullsh*t to me.


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#6 Larz

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Posted 15 March 2013 - 09:24 PM

somebody was probably on facebook and forgot to send the fax

 

bizarre

 

I would think he winds up back in denver, but hey, you never know


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#7 T0mShane

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Posted 15 March 2013 - 09:31 PM

Funny how these last-minute contract snafus keep happening to the Broncos.
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#8 stoicsentry

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Posted 15 March 2013 - 11:01 PM

Funny how these last-minute contract snafus keep happening to the Broncos.

 

The real question is: how can we blame Tannenbaum for this one, too?


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#9 SenorGato

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Posted 15 March 2013 - 11:52 PM

The real question is: how can we blame Tannenbaum for this one, too?


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#10 SenorGato

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Posted 15 March 2013 - 11:53 PM

The real question is: how can we blame Tannenbaum for this one, too?


Drafted Schlegel and two Smiths over him.
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#11 pedro55

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Posted 16 March 2013 - 12:55 AM

Funny how these last-minute contract snafus keep happening to the Broncos.

 

  I think this was on purpose.   Agent didn't like the pay cut, thinks he can get more money, and is taking his chances somebody will pay him.
 So "Oh paperwork is late."


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#12 Blackout

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Posted 16 March 2013 - 01:06 AM

fire ur agent

 

 

and sign with the Jets! lol


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#13 JetsFanInDenver

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Posted 16 March 2013 - 01:55 AM

I hear it from reliable authorities this is what happened.

 


Edited by JetsFanInDenver, 16 March 2013 - 01:56 AM.

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#14 pedro55

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Posted 16 March 2013 - 02:33 AM

 This goes to show you that not everybody communicates.    A fax machine for an offer.  And 6 minutes late.   And bam, you lose 8 million this year.  


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#15 jack48

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Posted 16 March 2013 - 04:41 AM

Evidently, Elvis and his agent aren't the sharpest pencils in the box.  

"I hit the button."  What is that?  A chimp can "hit the button." But he can't know if the thing went through.  Difference is: he cannot pick up the phone and check.


Edited by jack48, 16 March 2013 - 04:43 AM.

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#16 Maxman

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Posted 16 March 2013 - 08:00 AM

"I hit the button."  What is that?  A chimp can "hit the button." But he can't know if the thing went through.  Difference is: he cannot pick up the phone and check.

 

He better get Elvis an impressive deal somewhere otherwise the I hit the button story will have him fired.


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#17 Sperm Edwards

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Posted 16 March 2013 - 08:03 AM

  I think this was on purpose.   Agent didn't like the pay cut, thinks he can get more money, and is taking his chances somebody will pay him.
 So "Oh paperwork is late."

 

Then why the charade? Denver was going to release him anyway.


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#18 Maxman

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Posted 16 March 2013 - 08:08 AM

Then why the charade? Denver was going to release him anyway.

 

Not sure but it could be a PR thing, we wanted to stay in Denver at a reduced rate.  To appease the fans?  Doesn't add up completely, it is a weird story.


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#19 Sperm Edwards

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Posted 16 March 2013 - 08:30 AM

Not sure but it could be a PR thing, we wanted to stay in Denver at a reduced rate.  To appease the fans?  Doesn't add up completely, it is a weird story.

 

Coming back to Denver in a week or two if there are no takers at >$8M is the best I can come up with.


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#20 Maxman

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Posted 16 March 2013 - 09:08 AM

Coming back to Denver in a week or two if there are no takers at >$8M is the best I can come up with.

 

Will Denver be able to do 8mm for him now?  They took a cap hit in releasing him I think.  So they are going to walk or make him pay for that.  Elway can hold a grudge.  :)


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#21 Sperm Edwards

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Posted 16 March 2013 - 09:26 AM

Will Denver be able to do 8mm for him now?  They took a cap hit in releasing him I think.  So they are going to walk or make him pay for that.  Elway can hold a grudge.  :)

 

I don't know what they are or are not able to do with their cap.  I don't know if that $5M is the full amount of dead space he now counts or the additional amount of accelerated bonus hit that would have otherwise all been on future caps.  Some prorated bonus money going to count some on the cap anyway (in addition to the new money he was to receive for 2013).

 

I don't know how much of a grudge Elway holds.  I know he wanted to dump Tebow and we were dumb enough to not only take him but to give up picks for him and absorb bonus for him as well.  But I don't know what that has to do with a grudge.  Maybe there's some situation I'm just not remembering.  You referring to signing with the Yankees instead of going to Indy?


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