ENGLEWOOD, Colo. (AP) - Time really is money. Nobody knows that better than Elvis Dumervil and the Denver Broncos.
Dumervil found himself out of a job and the Broncos were without their best defensive end Friday afternoon after they reached an agreement on a new contract but saw it all come undone when tardy filing of the paperwork forced Denver to release him.
A person familiar with the negotiations gave The Associated Press details about the confusion. The person did not want to be identified because the negotiations were not public.
According to that person, the day played out like this:
- At 1:25 p.m., Denver time, Dumervil agreed to take a $4 million pay cut to remain with the AFC West champions for 2013.
- The paperwork was ready to be signed and sent to the league. But with the clock ticking on a 1:59 p.m. deadline, the Broncos were not seeing any sign of the signed copy on their email.
- With no signed contract in hand as 1:59 approached, the Broncos were forced to cut Dumervil, because once the 1:59 deadline passed, they were on the hook for the $12 million they owed him in the original contract.
- The team received the signed contract via email at 2:06 p.m. That was seven minutes past the deadline and about 15 minutes later than they needed to receive it so they could review it and send it to the league.
Dumervil's agent, Marty Magid, did not return messages left by AP via text and voicemail.
Dumervil is now a free agent, dumped late onto a market where one top defensive end, Cliff Avril, just signed a two-year deal with Seattle worth an average of $7.5 million a year.
The Broncos now can start looking at other defensive ends, including Dwight Freeney, in what appears to be a buyer's market for pass rushers.
Though the parties had agreed on a deal, the odds of Dumervil returning to Denver are diminished because of the significant salary cap hit the Broncos took by cutting him.
Dumervil was second on the team last year with 11 sacks, but Broncos front office executive John Elway asked him to take a pay cut because the $12 million was well over the market price, even for top pass rushers this year. Dumervil led the league in sacks in 2009 (17) and the Broncos, then under coach Josh McDaniels, rewarded him with a six-year, $61.5 million contract. Dumervil received $14 million in 2011 and 2012.
The confusing day closes out what had been an otherwise successful week for Elway and the Broncos, who brought Wes Welker and four other free agents onto the roster and also re-signed defensive tackle Kevin Vickerson. They clearly wanted Dumervil to stay for the right price but now must decide whether to pursue an edge pass rusher in free agency or wait until next month's draft.

Recent NFL Discussions

Betting the 2017 NFL Draft on Tue, Apr 2017 by Blade
NFL Draft Preview on Tue, Apr 2017 by Blade
2017 Heisman Odds on Wed, Mar 2017 by Blade
College / NBA today on Sun, Mar 2017 by TtomBoBadly
SNOW on Tue, Mar 2017 by Michael Cash

Top NFL Public Bets

NFL Top Stories

Thumbnail Alabama NFL Draft Odds The Alabama Crimson Tide could have a lot of players taken in the first round of the NFL Draft next week. How many...
Thumbnail Odds Theory & Fantasy: Perfect Combo In America alone over 110 million people settled down to watch February’s Super Bowl and were rewarded by a game which saw many twists and turns along the way. Of...
Thumbnail Romo moving to CBS After a lot of discussion about where Tony Romo will be next season, it appears that he will be behind a broadcast booth.
Thumbnail Patriots remain SB52 Favorites With NFL free agency slowing down dramatically over the past week, here's a look at the most recent Super Bowl 52 odds to win.
Thumbnail The Next Atlanta Falcons Despite suffering one of the greatest collapses in sports history at Super Bowl LI, the Atlanta Falcons still managed to overcome significant odds to reach the NFL’s...

NFL Team Pages