Paperwork fiasco leads to Dumervil release
We've seen plenty of head-scratching transactions in the NFL, but none like this:
The Broncos reached an agreement with linebacker Elvis Dumervil on a restructured contract that would reduce his 2013 salary from $12 million to $8 million, but the transaction never came off because Dumervil and/or his agent, Marty Magid, failed to fax the paperwork over to the Broncos in time.
The deal had to be completed by 1:59 p.m. Mountain Time, but the Broncos didn't receive the fax until 2:06 p.m. In the meantime, they had to release Dumervil so they weren't on the hook for his original salary.
Now the Broncos are between a rock and a hard place. They can still re-sign Dumervil at the lower rate, but it will cost them more on the salary cap than if the deal that was agreed upon held up.
Crazy, crazy day in Denver.