Elvis Dumervil just got released.....

[mozichrome]

Broncos told him to restructure the contract or be released. but gotdman this was a serious fvck up

 

[gho3st]

he was probably trying to stick the broncos in a position where they pay the full salary or cut him.

figuring either a) he gets the broncos to suck it up and pay the 14 mill
or
b) lets other teams know what they are working for

Broncos only wanted to pay 8 mil but on the open market he could probably get maybe 9-10 instead

i know right. Either way the agent wins.

 

[Hammer]

obviously he wanted to submit it after the deadline...

doesn't matter broncos will replace him with freeney

 

[I-Hate-You]

Agent pointing the finger at Denver.

Friends saying they received texts from Elvis 15-20 minutes ahead of the deadline saying he's staying.

@VicLombardi According to Broncos source, the team still hasn't heard from Elvis personally. That should be an interesting conversation.

 

[Stone]

I'm not sure what anyone gains if this was intentional. The Broncos were prepared to cut Dumervil anyway.

 

[Buggsy Mogues]

cowboys sign him please

but we ain't got no money

 

[The Dogg]

Get on that phone Tommy D!

 

[Doctor Gonzo]

Somewhere Anthony Carter is
ESPN.com: NBA - Missed option deadline makes Carter a free agent

 

[ThaDoc]

"Elvis... Bill Belichick, New England Patriots."

 

[Raquinotj]

It’s not as easy as just agreeing to move forward with a new deal. The Broncos now have almost $5 million in dead money against the cap this season resulting from a prorated signing bonus from the now terminated contract. If they now agreed to pay Dumervil the same $8 million that they had agreed on earlier today he would count nearly $13 million against the cap. That’s more than the guaranteed $12 million he was scheduled to make which prompted the Broncos to try to reduce his pay in the first place. There’s no way they can sign him now.


If Beli strikes a deal and we are in the Market for a DE it will be the Perfect fukk up for us lol. We have some cap to spend. Chandler Jones, Dumervil and Wildork. Oh Boiii.

 

[He Who Posts Well]

Somewhere Anthony Carter is
ESPN.com: NBA - Missed option deadline makes Carter a free agent

I think Riles called that in. Without that we would have never have gotten Odom and then Shaq.

 

[Sam Peel]

Broncos give their timeline on events leading to Dumervil’s release

Posted by Mike Wilkening on March 15, 2013, 8:27 PM EDT

AP
On Friday evening, the Broncos released a statement from executive vice president of football operations John Elway detailing the organization’s version of events that left defensive end Elvis Dumervil without a job — at least for now — after the team claimed they didn’t get the necessary documentation for a contract restructuring in time.

Elway’s statement:

“For the last week, Elvis Dumervil and his agent were aware of our desire to change the financial terms of his contract to ensure he would remain a Denver Bronco. After numerous conversations with both Elvis and his representative, we submitted our final contract proposal to Elvis today at 11 a.m. MDT. Based on our previous discussions, we believed our offer was fair and were hopeful it would resolve this matter.

“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.

“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, told his side of the story to USA Today‘s Mike Garafolo. Magid told USA Today that Denver had changed part of the contract, which was one of the multiple factors that led to the fax coming too late for Denver to execute the deal, the agent said.

Rarely does a deal unspool like this in public fashion, and the outcome is something PFT’s Mike Florio pins on both sides.

 

[King P]

Then why negotiate down to the $8M? Why not just tell the Broncos to release him? He gains nothing if this was intentional.

Maybe Dumervil wanted to take the paycut and the agents did not want him to so they made sure he didn't. His agent probably has a good idea of what Elvis worth on the open market. So he dialed up just a couple of minutes late, fully aware that this contract is invalid.

In the end, I think Elvis will wind up with a decent multi-year deal with a good team.

 

[I-Hate-You]

Dumervil fired his agent. 5-day waiting period to hire a new one unless the old agent waives it.

 

[THE MACHINE]

Dumervil fired his agent. 5-day waiting period to hire a new one unless the old agent waives it.

If he doesn't get close to that 8 million from another team. He might need to call to go visit his former agent.