Happy Thursday, friends. In the wake of the news that Elvis Dumervil is being asked to take a pay cut, I’ve been thinking about what it might mean in a larger sense for the Broncos’ offseason plans.
I haven’t been buying the idea of the Broncos being in on Darrelle Revis, but with the team’s salary structure as it currently stands, and with the expected cuts of D.J. Williams and Joe Mays looming, I tend to view the Dumervil business as a complementary move to something big.
About five weeks ago, I wrote an article where I talked about the Broncos’ salary structure. I pointed out that Peyton Manning, Dumervil, Champ Bailey, Ryan Clady, and Von Miller account for $58 million in cap hit, which is now 47% of the Broncos salary cap. That is the primary reason that I say that the Broncos can’t accommodate another large salary.
San Diego released 16th-year LB Takeo Spikes, who had been scheduled to make $3M in his third season with the Chargers.
Jeff Legwold wonders if D.J. Williams could end up following Mike McCoy to the Whale's Vagina to replace Spikes.
Incarcerated Bob says John Elway will pull out of the Darrelle Revis sweeps if LOLJets GM John Idzik doesn't make a decision soon. (h/t AldenBrown)
Vic Lombardi and Jason La Canfora report that the Broncos are looking to lower the $12M salary of DE Elvis Dumervil, and that if he's unwilling, the team may release him. Here's how La Canfora puts it:
Broncos like pass rusher Elvis Dumervil, but not at $12M/year. They are seeking a lower deal, and situation could end up with his release. Broncos paying Manning $20M/year, Bailey is around $10M, and Von Miller will be getting paid huge soon enough.
Albert Breer offers similar thoughts:
Denver is indeed looking for Elvis Dumervil to take a paycut. It's not his cap number ($13.6M) but his salary ($12M) that's the problem. So with Dumervil and Denver, this likely wouldn't be a restructure. He's simply making too much money relative to his production now. Remember, Denver's cap has been managed well. They'll have room to take care of guys like Decker, Thomas and Miller in coming years
According to Mike Klis, if the Broncos end up parting ways with Elvis Dumervil, former Colts DE Dwight Freeney could end up being his older, cheaper replacement. As Klis tells it, potentially cutting Dumervil would be more about conserving cash than cap space.
Meanwhile, Kansas City kept its busy week going on Wednesday by releasing right tackle Eric Winston. On Monday, the team had signed WR Dwayne Bowe and P Dustin Colquitt to long-term deals, and applied its franchise tender to LT Branden Albert.
The tagging of Albert and subsequent release of Winston has prompted speculation that the Chiefs will draft a new left tackle with the first-overall pick in April's draft, and shift Albert over to the right side. But according to some since-deleted tweets, Albert is not fond of the idea and sees himself as a left tackle.
Prior to today's franchise tender deadline, Denver LT Ryan Clady, Cincy DE Michael Johnson, Buffalo S Jairus Byrd, Indy punter Pat McAfee, and Chicago DT Henry Melton were tagged.
The Titans had been likely to tender TE Jared Cook, but expectations that Cook would dispute being tagged as a TE rather than a WR have contributed to Tennessee opting not to tag him.
Kansas City had a flurry of activity, agreeing to new contracts with WR Dwayne Bowe and P Dustin Colquitt, and tagging LT Branden Albert.
Happy Saturday, friends. I was asked by Doug to consider the question posed in this morning's Lard, under the assumption that Ryan Clady gets signed away by another team for the cost of two first-round picks. It would take a team with cap room, and which wants an absolute sure thing at the LT position to do it. Really, given Clady's rotator cuff surgery, it's not exactly a sure thing, but it's close to one.
Let's consider what the Broncos' options would be, given the following parameters:
The Broncos would own two first-round picks, a second, and a third in the first two days of the draft, and they'd have about $17 million in cap space, with $9 million more easily available when/if D.J. Williams and Joe Mays are cut.
As expected, the Broncos have placed their franchise tag on left tacke Ryan Clady. However, the team has wisely opted to apply the non-exclusive tender to their All-Pro, meaning other teams will have the opportunity to sign Clady away, at the cost of two first-round picks to Denver.
It had been speculated that Denver would use an exclusive tag, meaning Clady wouldn't have had the chance to negotiate with other teams. But as we had suggested two weeks ago, there are plenty of solid reasons for the Broncos to go the non-exclusive route.
Now that the combine is over, and the 2013 league year is approaching, the NFL offseason is starting to heat up.
Teams have until 4pm ET on Monday to apply their franchise tags, and eight days later, at 4pm ET on Tuesday, March 12, the league calendar will flip, opening the trade and free agent markets.
At that hour, teams will have to have exercised any options, submitted offers to restricted free agents, and minimum-salary tenders to exclusive rights free agents, and most importantly, be compliant under the Top-51 salary cap figure, which will sit at $123M.
The NFL has set the 2013 salary cap at $123M per team, which is an increase of $2.4M over the 2012 figure of $120.6M. There's some confusion here, as Chris Mortensen says the figure is actually $123.9M, but given that Albert Breer works for the NFL and acknowledges the discrepancy, we'll trust that he has the correct number at $123M flat.
According to USA Today's salary site Spotrac, this means the Broncos currently have a healthy $17,769,751 in available cap space.
The Giants re-signed Will Beatty on Wednesday, keeping their left tackle from reaching unrestricted free agency with a five-year deal worth $38.75M and $19M in guarantees.
With Denver facing another opportunity to come to a long-term agreement with its own left tackle, Ryan Clady, the Beatty signing prompts the following question from reader Bob:
How might the contract Beatty got with the Giants impact what the Broncos should expect to pay for a long-term deal with Ryan Clady?
First, let's examine the details of Beatty's deal. As per the Star-Ledger, the guaranteed portion of his contract includes a $12.5M signing bonus, his 2013 and 2014 salaries, and a sliver ($650K) of his 2015 salary.