Denver Broncos president John Elway called on defensive end Elvis Dumervil to accept a salary reduction or face the possibility of being released. Dumervil agreed to the reduction, but was shockingly released when paperwork for the adjusted contract wasn't filed by 3:59 p.m. ET Friday.
The Denver Post reported Dumervil informed the Broncos he would lower his 2013 salary to $8 million. Under the terms of his previous six-year, $61.5 million deal signed in 2010, Dumervil was set to receive a base of $12 million for this season.
But the Broncos did not receive the signed documentation until several minutes after 4 p.m. ET, when his contract would have become fully guaranteed, the Post reported.
If the Broncos attempt to re-sign him, they'll have to take the cap penalty for releasing him into account as well as any new figure that would arise from a new deal.
The pass-rushing specialist made $14 million each of the past two seasons and was scheduled to receive $10 million in 2014 and $8 million in 2015.
Elway had contacted Dumervil directly the past few days trying to work out a deal that would keep Denver from losing him to another team.
"It's not all about dollars. 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," Elway said Thursday, according to the Denver Post. "Especially when you look at the market and what's out there now. It's so far out of whack. Hopefully, he realizes that."
Dumervil had 11 sacks last season and 9 1/2 in 2011, a drop-off from when he led the league in 2009 with 17.