News broke late on Thursday night and into Friday that Elvis Dumervil had agreed to restructure his contract with the Denver Broncos. On the surface that sounds like good news, and in the end it might be. However let’s remember one thing; the Broncos have no interest in restructuring the deal, they want a pay cut.
What’s the difference? A restructure is simply moving money around to help create salary cap room for the team. The player, Dumervil in this case, still gets all of the money in the contract, it just may come in the form of a bonus or some of it will be deferred. Contracts around the NFL get restructured all of the time, but that’s not what is going on here.
A pay cut is exactly that, the Broncos want to tear up the old deal and start over. Dumervil is a good player but he is making a lot of money for a player who primarily does one thing–rush the quarterback. Don’t get me wrong, that’s a huge skill to have in today’s NFL, but at $12 million a year the Broncos expect a little more. It’s also important to remember that there is a salary cap and everything and everyone has to fit. Dumervil at $12 million just does not fit.
As of Friday night the two sides are talking and Dumervil as expressed a desire to remain with the Broncos, but is unwilling to take a pay cut. They key will be can the Broncos and Dumervil find some middle ground? If they can, then Dumervil will be back. If they can’t, then he will be released.
The Broncos hold all the cards here. It’s obvious that they believe that they can get along just fine without Dumervil. They would love to have him back but it will have to be on their terms.
The guess here is that something gets done and Dumervil is back with the Broncos in 2013. He wants to return and understands that he has a chance to win a Super Bowl in Denver. One way or the other, we should have an answer in the next couple of days.
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