IFWT Elvis Dumervil

Elvis Dumervil made headlines when he and his agent filed his new contract with the Denver Broncos minutes after the deadline, causing the Broncos to release him rather than owing the $16 million in guaranteed money he had coming.  Several different factors including cap space made it difficult for the Broncos to re-work a deal to bring back Dumervil and now he has signed with the Baltimore Ravens.  Read more after the jump.

Shay Marie

Broncos vice president of football operations John Elway said through a statement the team made multiple contract offers to Dumervil, but to no avail.

“As we have from the start of this process, we worked diligently over the last week to find a way for Elvis Dumervil to remain a Denver Bronco,” Elway said. “Although we made multiple contract offers to Elvis after being forced to release him, we were unable to reach an agreement and are now moving forward without him.

“Elvis was a team captain and a talented player who made a great impact during his seven seasons in Denver. I appreciate all of his effort on the field and the work he did in the community. I wish Elvis all the best as he continues his NFL career.

Dumervil instead chose to sign a five-year deal worth up to $35 million.  According to ESPN’s Adam Schefter Dumervil got $1 million in base salary this season plus a $7.5 million signing bonus.  He will make $8.5 million this year with the cap number at $2.5 million.  They also gave him $3.5 million injury guarantee on next year’s option bonus, making it a total of $12 million in guaranteed money.