"Broncos forced to cut Elvis Dumervil after contract gaffe"

Discussion in 'The National Football League' started by IDEXAN, Mar 15, 2013.

  1. IDEXAN

    IDEXAN Hall of Fame

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    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/sport...s-dumervil-denver-broncos-john-elway/1990913/
     
  2. Stemp

    Stemp Brew Master

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    I suspect that agent is going to be looking for a new client soon.

    But can't the Broncos just resign him?
     
  3. infantrycak

    infantrycak Mod. Staff Member

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    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.
     
  4. 76Texan

    76Texan Hall of Fame

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    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.)
     
  5. Dutchrudder

    Dutchrudder King of the Potato People

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    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.
     
  6. 76Texan

    76Texan Hall of Fame

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    Gotcha!
     
  7. Dutchrudder

    Dutchrudder King of the Potato People

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    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.
     
  8. The1ApplePie

    The1ApplePie Hall of Fame

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    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.
     


  9. toronto

    toronto Hall of Fame

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    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.
     
  10. 76Texan

    76Texan Hall of Fame

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    Dumervil's agent now blames Broncos for the mess per USA Today.
     
  11. GP

    GP Go Texans!

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    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!
     
  12. 76Texan

    76Texan Hall of Fame

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

    Were the Broncos squeezing Dumervil too hard?
     
  13. JCTexan

    JCTexan Hall of Fame

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    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
     
  14. The Pencil Neck

    The Pencil Neck Subscribed Contributor

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    Wow.

    :vincepalm:
     
  15. Playoffs

    Playoffs Subscribed Contributor

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    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.
     
  16. 2012Champs

    2012Champs Hall of Fame

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    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.
     
  17. The Pencil Neck

    The Pencil Neck Subscribed Contributor

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    We fax quite a bit, too.
     
  18. 76Texan

    76Texan Hall of Fame

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    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.
     
  19. The Pencil Neck

    The Pencil Neck Subscribed Contributor

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    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!!!???"
     
  20. 76Texan

    76Texan Hall of Fame

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