The Denver Broncos president John Elway has satted Elvis Dumervil’s contract is “out of whack” and is eager the defensive end to take a pay cut as a today’s deadline looms, according to what YouWager experts have learned.
The 29 year-old’s 2013 salary of $12 million becomes guaranteed at 4 p.m. ET, and Dumervil faces being released if he won’t take less or restructure his deal, as stated to a person familiar with the situation.
Back in 2010 Dumervil signed a six-year, $61.5 million contract when Josh McDaniels was coaching the team and before Elway joined the Broncos front office.
The Miami native had 11 sacks in the previous football season, second on the team behind Von Miller. Dumervil led the NFL with 17 sacks in 2009.
Oddsmakers consider Denver needs more cap space while trying to shore up their interior defensive line, cornerback and running back positions. Peyton Manning will earn $20 million this year, and if the Broncos had Dumervil manage to play at his current number, those two would account for more than one-quarter of their cap space.
Among the pass-rushers on the market this season include Manning’s former teammate with the Indianapolis Colts, Dwight Freeney.