Posted Thu Jul 22nd by Ian Henson
Just announced by the Denver Broncos, outside linebacker Elvis Dumervil has had his contract extended.
While the Broncos do not discuss contract terms per club policy, ProFootballTalk citing a ‘source with knowledge’ states the deal is worth $61.5 million over the next six seasons.
Dumervil is entering his fifth season and is the only player in Broncos history to lead the league in sacks.
“I am pleased to announce the extension of Elvis Dumervil’s contract with the Denver Broncos,” General Manager Brian Xanders said. “He has established himself as one of the NFL’s premier pass rushers, and he’s an important part of the foundation we are building with this team. We are excited to have him as an integral part of the Broncos well into the future.”
As PFT went on to point out, given the way the club has handled situations with Jay Cutler and Brandon Marshall, what choice did they have?
This clears the path (and Denver’s internal salary cap) for signing rookies Tim Tebow and Demaryius Thomas (amongst other unsigned rookies).
Here’s why– Dumervil will make the same amount of money in 2010 that he’d recently signed his tender for ($3.168 million), after that reportedly his contract gets quite bloated, emphasizing the genius of Brian Xanders…
Dumervil will receive the majority of his money when the next league year starts (and not until then), where he will receive a $6 million dollar signing bonus and a $14 million dollar base salary. The money just deescalates from there, he’ll make less per year culminating in 2014 when he will receive $9 million as a base. This deal includes what PFT is reporting as $58.332 million in new money. ESPN is reporting the deal includes $41-$43 million in guaranteed money.
Usually contracts do the opposite, they’re back loaded to the point where players will never actually see the money. There are exceptions, players like Peyton Manning and Champ Bailey have played to their potential and both will realize the maximum payout of their contracts.
“We are thrilled to have agreed to terms with Elvis Dumervil on a contract extension,” Head Coach Josh McDaniels said. “Elvis is a very talented player who will help lead our defense and is also an outstanding person and teammate. The way he has handled this lengthy negotiation this offseason is a great example of the type of player and person we want on our team. We look forward to Elvis’ impact for many years to come.”
The Denver Post’s Mike Klis noted that Dumervil’s contract is an NFL record (amongst pass rushers) in guaranteed money (beating out the likes of DeMarcus Ware, Julius Peppers and Terrell Suggs).
Now there’s only a few more signings to go until camp starts in just a few short days (and possibly a few more extensions).
Got a minute? Check out Darrell Reid on 104.3 The Fan from yesterday’s show. He had some interesting things to say about Kyle Orton and the Broncos defense in 2009.