Report: Elvis Dumervil agrees to paycut shortly before deadline
When your boss calls your salary 'out of whack,' and the team informs you that it'll release you if you don't reduce your $12 million salary, it's usually a good idea to listen. It appears Broncos DE/LB Elvis Dumervil has done just that.
When your boss calls your salary “out of whack,” and the team informs you that it’ll release you if you don’t reduce your $12 million salary, it’s usually a good idea to listen.
That reportedly is what Broncos defensive end/linebacker Elvis Dumervil has done. Various reports state Dumervil has taken a paycut and will stay with Denver for 2013. According to NFL.com’s Albert Breer, Dumervil’s salary for 2013 will be $8 million.
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It’s probably a smart move for Dumervil, because, as we’ve seen the past couple of days in a soft free-agent market, pass rushers have not been making a ton of money (relatively speaking, of course). When Cliff Avril signs $15 million over two years and Michael Bennett signs for a one-year, $5 million deal, it makes sense to cut $4 million off your original price and take $8 million with your current place of employment.
This is what executive vice president John Elway implied Thursday, when discussing the salary for Dumervil, who had until 4 p.m. ET to make a decision. (According to The Denver Post, the Broncos' executives were in a meeting to discuss life without Dumervil when contracts negotiator Mike Sullivan walked in about 90 minutes before the deadline and said, "He took the deal.")
"It's not all about dollars," Elway said. "But when it's way out of whack? Then it's so out of whack that you've got to say: That [salary] can't be it. Especially when you look at the market and what's out there now. It's so far out of whack. Hopefully, he realizes that."
And while that might sound harsh, the Broncos also showed a soft side to Dumervil during this process:
John Elway called Elvis Dumervil personally multiple times in recent days to explain team's position and remind Elvis he's still loved.— Mike Klis (@MikeKlis) March 15, 2013
Now that Dumervil is back on board, the strong offseason for the Broncos -- who have already brought in receiver Wes Welker, guard Louis Vasquez, cornerback Dominique Rodgers-Cromartie and nose tackle Terrance Knighton -- will continue.
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