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-   -   "Broncos forced to cut Elvis Dumervil after contract gaffe" (http://www.texanstalk.com/forums/showthread.php?t=99174)

IDEXAN 03-15-2013 04:28 PM

"Broncos forced to cut Elvis Dumervil after contract gaffe"
 
ENGLEWOOD, Colo. With half an hour to spare before deadline, Elvis Dumervil had agreed to take a pay cut and remain with the Denver Broncos. But the Broncos did not receive Dumervil's signed contract via fax until six minutes after the 4 p.m. Eastern deadline had passed, a person with knowledge of the situation told USA TODAY Sports.

The person spoke on condition of anonymity because the team has not announced the move.

The Broncos instead filed the paperwork to release the Pro Bowl defensive end because Dumervil's $12 million would have been guaranteed if he was on the roster after the deadline.

The contract gaffe was a major blunder after a week's worth of negotiations after the Broncos asked Dumervil to reduce his $12 million salary or risk being released. In the end, both outcomes happened.
http://www.usatoday.com/story/sports...elway/1990913/

Stemp 03-15-2013 04:38 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
I suspect that agent is going to be looking for a new client soon.

But can't the Broncos just resign him?

infantrycak 03-15-2013 04:41 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by Stemp (Post 2137180)
But can't the Broncos just resign him?

They can but it will be a new contract. They will still be stuck with the dead money from the old contract. Realistically he will find a new team.

76Texan 03-15-2013 04:42 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by Stemp (Post 2137180)
I suspect that agent is going to be looking for a new client soon.

But can't the Broncos just resign him?

I don't know if they can talk to the league office and request for an exception.
If that works then no harm done; if not, they would have to eat that $4.something cap hit.

Now if they resign him at $8M, they still have to take the extra cap hit (the $4.something MM that they were supposed to be saving.)

Dutchrudder 03-15-2013 04:44 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Just for reference, Dumerville's original caphit was going to be $13,623,000.

If he had taken the pay cut, his caphit would have been $9,623,000.

After being cut, his caphit is now $4,869,000 in 2013 dead money.

Difference is 4.754m between the two.

76Texan 03-15-2013 04:46 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by Dutchrudder (Post 2137194)
Just for reference, Dumerville's original caphit was going to be $13,623,000.

If he had taken the pay cut, his caphit would have been $9,623,000.

After being cut, his caphit is now $4,869,000 in 2013 dead money.

Difference is 4.754m between the two.

Gotcha!

Dutchrudder 03-15-2013 04:53 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
The plot thickens...

@adbrandt
Something strange about this going to last hour. Team in Denver, agent in Philly, player in Miami. Lots of moving parts.

The1ApplePie 03-15-2013 05:21 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Well, one thing about this story, you can tell who has a job and who doesn't by the reaction to the fax machine bit in the comment section of any sports blog.

I'm not sure who clowned who in this, but I'm thinking Doom and his agent tried to pull a fast one on Elway.

toronto 03-15-2013 05:42 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by The1ApplePie (Post 2137229)
Well, one thing about this story, you can tell who has a job and who doesn't by the reaction to the fax machine bit in the comment section of any sports blog.

I'm not sure who clowned who in this, but I'm thinking Doom and his agent tried to pull a fast one on Elway.

Agree, believe this was their way of protesting the paycut Dumervil was asked to give.

I don't mind, hurts Broncos both in terms of losing a talented pass rusher, as well as their cap situation.

76Texan 03-15-2013 05:55 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Dumervil's agent now blames Broncos for the mess per USA Today.

GP 03-15-2013 06:00 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
This is rich!

Broncos didn't get him signed, also now have about $5 million in dead cap space at the same time as a result.

He'll get around $8 million somewhere and hose the Broncos at the same time.

Take that, you Broncos Cultists!

76Texan 03-15-2013 06:07 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by GP (Post 2137261)
This is rich!

Broncos didn't get him signed, also now have about $5 million in dead cap space at the same time as a result.

He'll get around $8 million somewhere and hose the Broncos at the same time.

Take that, you Broncos Cultists!

The question here is a pay cut from $12 to $8 seems rather extreme?

Were the Broncos squeezing Dumervil too hard?

JCTexan 03-16-2013 11:02 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Dumervil fired his agent Marty Magid and has already hired a new agent (Tom Condon). Usually a player has to wait five days to hire a new agent, however Magid has agreed to waive a five-day waiting period so Dumervil could hire another agent today.

ROTOWORLD

The Pencil Neck 03-16-2013 11:09 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by JCTexan (Post 2137866)
Dumervil fired his agent Marty Magid and has already hired a new agent (Tom Condon). Usually a player has to wait five days to hire a new agent, however Magid has agreed to waive a five-day waiting period so Dumervil could hire another agent today.

ROTOWORLD

Wow.

:vincepalm:

Playoffs 03-17-2013 10:33 AM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by 76Texan (Post 2137268)
The question here is a pay cut from $12 to $8 seems rather extreme?

Were the Broncos squeezing Dumervil too hard?

It was either take the pay cut or get cut. Dumervil waited them out.

I promise you, the organization wouldn't have tripped over technical issues had it been Von Miller.

2012Champs 03-18-2013 12:56 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by The1ApplePie (Post 2137229)
Well, one thing about this story, you can tell who has a job and who doesn't by the reaction to the fax machine bit in the comment section of any sports blog.

I'm not sure who clowned who in this, but I'm thinking Doom and his agent tried to pull a fast one on Elway.




I was laughing to some extent over all the comments about fax machines and the proces being so outdated. Im not sure how many faxes are sent/recd out of each of my eight offices everyday but its a lot.

The Pencil Neck 03-18-2013 01:19 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by 2012Champs (Post 2138565)
I was laughing to some extent over all the comments about fax machines and the proces being so outdated. Im not sure how many faxes are sent/recd out of each of my eight offices everyday but its a lot.

We fax quite a bit, too.

76Texan 03-18-2013 01:43 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by Playoffs (Post 2137961)
It was either take the pay cut or get cut. Dumervil waited them out.

I promise you, the organization wouldn't have tripped over technical issues had it been Von Miller.

I don't think you read all the news, Playoffs.

There was NO ultimatum.

Think like this; if there was an Ultimatum, it would have been real easy.
All the Broncos needed to do was to set an early deadline; two or three days in advance.

There was room for negotiation, thus the back-and-forth of swapping revisions.
The Broncos final offer was to guarantee $3.5M for injury and injury only in 2014.
It was sent to Dumervil's agent only a few hours before the NFL deadline (to have all the paperwork in their office, and not the Broncos office.)

The Broncos botched that one.

Like I said, I would have set an earlier deadline to pull the plug on negotiation; not half a day before, not a few hours before, and especially not an hour before.

The Pencil Neck 03-18-2013 01:50 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
Quote:

Originally Posted by 76Texan (Post 2138601)
It was sent to Dumervil's agent only a few hours before the NFL deadline (to have all the paperwork in their office, and not the Broncos office.)

The Broncos botched that one.

Like I said, I would have set an earlier deadline to pull the plug on negotiation; not half a day before, not a few hours before, and especially not an hour before.

I thought I read that it was sent to Dumervil's agent 30 minutes before the deadline. There's enough blame to go around on this one, I think. The Broncos shouldn't have sent it that late and even so, Dumervil's agent should have been waiting by the fax with Elway on the phone going "WHERE IS IT WHERE IS IT!!!???"

76Texan 03-18-2013 01:52 PM

Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"
 
http://www.denverpost.com/broncos/ci...sh-if-cash-can

Read the comment by Irsay of the Colts.

Basically, he said that as an organization, you have to make sure that everything is lined up where you want it, with enough time to spare, since you don't have a time-out left, such that you can trot the FG unit out there comfortably to attempt the last-minute FG.


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