Defensive end Elvis Dumervil has agreed to a five year, $35 million contract with the
This contract is more significant than most free agent deals because it comes just one week after Dumervil's agent failed to fax paperwork for a restructured deal prior to a deadline. That move cost Dumervil $8 million, as the team chose to release him rather than pay his 2013 salary of $12 million.
However, Dumervil actually comes out ahead as the new contract is worth $8.5 million in 2013 and contains $12 million in guaranteed money.
In the end, the big losers are the Broncos and Dumervil's agent, who was fired following last week's mix up. Denver must now replace a three-time pro bowler. And Dumervil's agent loses out on $360,000 commission (assuming 3% fee on $12 million).