As expected, the Broncos have asked defensive end Elvis Dumervil to restructure his contract.
So far, Dumervil has not objected.
“They informed us they want to do a restructure,” agent Marty Magid tells Mike Klis of the Denver Post. “I’m not classifying this as a pay cut. I’m going ahead with this being a restructure. If we can meet on some common ground, there’s a potential we can get it done. If we can’t, they’ll have to make a decision. But we’re definitely in good faith going to try to negotiate this out.
“Elvis wants to return as a Bronco if it all possible, and that’s what we’re trying to do — make the client happy and try to appease the team.”
Dumervil is due to earn a base salary of $12 million in 2013. With two years left on his contract, there’s a way to reduce his cap number without cutting his pay.
There’s no middle ground in the execution of the deal; either Dumervil will get his $12 million in 2013, or he’ll get less.
It sound like the Broncos want to give Dumervil less. The question is how much less — and then whether Dumervil will accept.
While Magid said the team has supplied no deadline, time is of the essence. As of March 16, Dumervil’s entire base salary for 2013 becomes fully guaranteed.