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Old 03-15-2013   #1
IDEXAN
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Default "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/
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Old 03-15-2013   #2
Stemp
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Default 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?
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Old 03-15-2013   #3
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Default Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"

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Originally Posted by Stemp View Post
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.
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Old 03-15-2013   #4
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Default 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.
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Old 03-15-2013   #5
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Default Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"

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Originally Posted by Dutchrudder View Post
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!
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Old 03-15-2013   #6
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Default 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.
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Old 03-15-2013   #7
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Default Re: "Broncos forced to cut Elvis Dumervil after contract gaffe"

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Originally Posted by Stemp View Post
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.)
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