The Denver Broncos tried re-working the over paid contract of DE Elvis Dumervil, who would have been paid $12 million this season if the Broncos didn’t release him or make a new deal by 4:00 p.m. ET on March 15.
Dumervil and his agent, Marty Magid, finally made an agreement with the Broncos to reduce Dumervil’s salary $4 million in 2013 in order for him to stay in Denver. The fax with Dumervil’s agreement came in six minutes after 4:00 p.m. and the Broncos had just sent a fax to the NFL releasing Dumervil a few minutes before so they would not get stuck paying the $12 million he was owed.
So now Dumervil is the best pass rushing defensive end available in the 2013 NFL free agent class, but it will be unlikely that he will find a team willing to pay the $8 million that Denver was going to and be on a team that has a legitimate chance to win a Super Bowl.
Dumervil has 63.5 career sacks since being drafted by the Broncos in 2006 and has 20 sacks over the last two seasons. The Broncos have paid him over $31 million the last two seasons and felt that the $12 million they were to pay this season for him was over market value.
I think they were right. Yes, Dumervil has been a steady contributor in the sack department, which is always a big plus, but his defense against the run has always been suspect. The release definitely creates a hole at defensive end with the backup being underachieving former first-round pick, Robert Ayers.
There is still a big possibility that the Broncos will sign Dumervil, but it may have to be even cheaper now since the Broncos are stuck with $4.869 million against the cap because they cut Dumervil.
There are going to be a lot of weird negotiations if they want to get it done, but the Broncos may just test the market and go for a more well-rounded end that can rush the passer and play the run as well.