[Bluehorseshoe]

I've been following it all week since he was told he had to take a pay cut. LOL

Elvis Dumervil fires agent

Elvis Dumervil fired agent Marty Magid on Saturday after a muddled exchange of contract documents on Friday led to the Denver Broncos releasing the defensive end.

Meanwhile, NFLPA executive director DeMaurice Smith will review the incident, The Denver Post reported.

Magid said he thought he got Dumervil's paperwork of his restructured contract that included a 2013 salary cut from $12 million to $8 million back to the team by the 4 p.m. ET deadline. The Broncos released Dumervil on Friday because the paperwork was not filed by the deadline.

Magid told USA Today Sports that Dumervil contacted him Saturday to say he wanted to move in another direction.

"It's terrible, but he said he knows what happened and why it happened," Magid told the newspaper.

Magid said he will waive his right as a fired agent to have Dumervil wait five days to hire a new agent. Thus, Dumervil's new agent can start working on getting him a new deal as soon as he hires one.

Dumervil is expected to hire CAA, a source told ESPN.

More From ESPN.com

More than 24 hours since the Elvis Dumervil fiasco, and there doesn't seem to be urgency to repair the situation between Denver and the pass-rusher, Bill Williamson writes. Blog

The Broncos asked the league office if it would honor the verbal agreement on the revised contract the team negotiated with Dumervil but the request was denied, according to the Denver newspaper. The paper reported that Smith will look into the matter because Dumervil may have been hurt most by the botched contract exchange.

Had the Broncos not released Dumervil before Friday's deadline, his $12 million salary for 2013 would have become guaranteed.

According to a source, both Dumervil's reps and the Broncos reached agreement at 3:25 p.m. ET on the restructured contract. But the team did not get a fax from Dumervil's agent until 4:06 p.m. ET, so it had to release him, according to the source.

Broncos team president John Elway issued a statement Friday night, explaining the situation from the team's point of view.

"Due to the procedural elements that were involved in executing the new proposal, we imposed a 1 p.m. MDT deadline for a decision, one hour before the NFL's waiver wire at 2 p.m. MDT. Our deadline was clearly communicated to Elvis' representative," Elway said in the statement. "At 1 p.m. MDT, we were informed by Elvis' representative that he declined our offer. We then prepared Elvis' termination notice to officially file his release with the NFL office.

"At approximately 1:25 p.m. MDT, however, we were informed that Elvis changed his mind and accepted the same contract we proposed nearly two-and-a-half hours earlier. Although we expressed our concern regarding the time constraints, we were assured that the signed documents would be submitted to us before the league's waiver deadline.

"We did not receive the documents from Elvis by the league's deadline and were forced to release him shortly before 2 p.m. MDT.

NFL Free Agency

NFLThe NFL's free-agent frenzy officially is under way, and ESPN.com will keep you updated with all the twists and turns of the signing period.



"Due to this situation, there are now salary-cap implications associated with this transaction that we must consider with regard to potentially re-signing Elvis. At this moment, we are discussing all of our free-agency options to determine what's best for the Denver Broncos."

Magid said he received the renegotiated document from the Broncos at 3:45 p.m. ET. He said he had Dumervil wait by a fax machine to receive the copy and then send it back.

Earlier Saturday, Magid said teams were interested in visiting with Dumervil after the NFL owners' meetings end in Arizona on Wednesday. The market could dry up.

Dumervil signed a six-year, $61.5 million contract in 2010 when Josh McDaniels was coaching the team and before Elway joined the Denver front office.

Dumervil had 11 sacks last season, second on the team behind Von Miller. Dumervil led the league with 17 sacks in 2009.

[bb_skoots]

Guy makes $12 mill a year and can't follow simple instructions.

[C-Gold]

How do you become an NFL agent?

[Mitchell88]

the agent was fired thank the lord, cause he really sucks

[nvrlose37]

Maybe they shouldn't have taken their sweet a$$ time doing the deal itself. Take the cut and help the Broncos win the Super Bowl.

[mtneer1212]

This is what happens when you lose the game of chicken and waiting until the last possible second. The agent should be sued for malpractice as well.

[Bluehorseshoe]

the agent was fired thank the lord, cause he really sucks

It's not the agents fault. His client changed his mind late and then when his client received the fax, Dumervil couldn't get the fax back in time. He's trying to lay this all off on the agent.

[d2bets]

It's not the agents fault. His client changed his mind late and then when his client received the fax, Dumervil couldn't get the fax back in time. He's trying to lay this all off on the agent.

Maybe, but isn't it the agent's job to make sure that is all lined up and ready to go?

[CDMKMP]

12 million bucks at stake, I don't care if I change my mind 5 minutes before the deadline you find a way to send that paperwork if you wanna stay my agent.

Whether it's his fault or not that agent is gonna be a pariah going forward.

[ttwarrior1]

he was also a 16 year old freshman when he was at louisville, yeh right,