PATRlOT
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CLICK HERE to Register for a free account and login for a smoother ad-free experience. It's easy, and only takes a few moments.Ditch Abraham! Let's get Dumervil. I swear getting Dumervil would be HUGE for us, with Jones on the other side, along with re-signing Talib for the secondary.
It's not as easy as signing tomorrow. All of the remaining guaranteed money on his contract just hit Denver's cap. Spotrac has that at $4.8M, 2/3 of which is new dead money.
Schefter confirmed via Twitter:"Erika Leigh @_ErikaLeigh
What?! RT @mikeklis: Hold on, contract not filed in time. Elvis Dumervil has been officially released"
If this is accurate you can bet he won't see 8m on the market like he was about to get from Denver.
Adam Schefter @AdamSchefter
Elvis Dumervil's contract not filed with NFL in time. Dumervil released, as Denver Post released.
Anyone know how this will affect their cap?
$4.8M. $1.6M of that was going to be paid if he was on the roster or not, and $3.2M hit the cap when they released him.What's his dead hit for this year? Anyone know?
The Broncos go from one of the best moves in free agency on Wednesday to one of the most boneheaded moves of any offseason ever today.
Settling the Score | Boston MagazineWith a franchise as troubled as the Patriots, I was never at a loss for problems - like the time shortly after I came onboard when we almost lost the entire team.
The first major event of my tenure was the league meeting held in Palm Beach in March 1971. Before I left, I instructed my staff to send out option letters, an automatic procedure by which every team renews the options of each player under contract. Back from Florida a week later, I got a call from the attorney for Phil Olsen, a former first-round-pick defensive lineman who had previously told me he wanted to leave the team.
“Thanks, Upton,” said the attorney. “It's wonderful that Phil's a free agent.”
“What do you mean?” I said. “He's under contract.”
“No. He never got his option letter, so I'm declaring him a free agent.”
Turned out it wasn't only Olsen's letter that had not been sent. None of them had. And with the deadline past, every player was technically a free agent. The whole team. I had been in Boston for barely a month, and my entire team was gone. The saving grace was that, as far as I could tell, the only player who recognized this was Olsen.
Bucko Kilroy was hired from the Cowboys to run my scouting, and when I told him the situation, he was speechless. “If we send them an option letter now,” I said, thinking aloud, “it will call it to their attention. Why don't we just send them all new contracts?” So we did, even giving some players a little bonus, which shocked more than a few since the Patriots franchise wasn't exactly known for its generosity. The whole thing took three months. Ninety days of getting up each morning wondering if this was the day the gaffe would blow up. But it never did.
I just heard on the radio, the Broncos didn't file the Dumervil restructured contract in time and were forced to cut him because they would have to pay him his bonus. Ooops.
Delayed guaranteed money. Not a signing bonus, but still has to be paid if he's released.I clearly don't understand the numbers. His original bonus was only $3M. His guaranteed years have been paid.
Elvis Dumervil contract snafu accelerates $3.25 million in salary-cap room.
@Jeff_Legwold: Dumervil's release gives #Broncos huge dead money hit. Limits ability to bring him back with a "new'' deal
Tannenbaum is no longer the GM.Ouchie... Sounds like something the Jets would do.
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