Good Morning, Broncos fans! Although it had been suggested earlier that Elvis Dumervil left Denver for Baltimore over a $500K difference, the details tend to say otherwise.
According to Mike Klis, the Broncos offered Elvis $10M in full guarantees ($8M of 2013 compensation, and $2M as part of a $5M salary in 2014) as part of their three-year offer, while the deal he took from the Ravens includes only $8.5M in full guarantees. Over the first three years of his Ravens contract, the base compensation is actually $1M less than what the Broncos had offered.
The Baltimore deal contains greater upside in the form of incentives, but as all regular IAOFM readers know, comparing NFL contracts is all about examining the fully guaranteed money. Granted, Dumervil's 2014 compensation is just $4.5M now, and would have been $5M from Denver, but the point here is that Baltimore can cut him next offseason without owing him a penny beyond his 2013 salary.
Given this information, we can all safely say that for Elvis, getting a new start was not about the money. It's hard to blame him for just wanting to get out of town, considering the events of the past several weeks. As a bonus, he gets to play under the familiar Wink Martindale, and he'll again be a stellar complement to an elite pass rusher in Terrell Suggs.
As for who will replace Elvis in Denver, well that's still an open question.
The Broncos are apparently still hoping to sign Dwight Freeney, but Klis reports that the ex-Colt's salary demands have come in much higher than what Denver would prefer, and the team is now setting its sights on getting a pass rusher in the upcoming draft.
NFLN's Michelle Beisner says Freeney is seeking $6M/year and is willing to wait for months to get that figure, but in the current environment, that's just not happening.
Like with Dumervil, Freeney's position is somewhat understandable, at least from the human (not market) aspect. The guy drew a $14M salary last year in Indy, so a drop to the $4M range has to be a stunning insult. But the market has been set by other pass rushers, and he'll eventually have to face reality.
From our vantage, Denver is simply talking Freeney down by suggesting they'll turn to the draft instead, and he'll get to their level at some point in the not-too-distant future.
According to PFT, Denver had $8.8M in available cap space for 2013, as of Tuesday.
Jeff Legwold thinks the team will have to beware the effect of Elvis's contract drama within the locker room, but let's not forget that winning trumps all feelings.
Scott Kacsmar looks for the Broncos to be even more explosive on offense next year, but he thinks losing Dumervil will cost them.
Denver's "voluntary" offseason conditioning program kicks off in just 2.5 weeks.
Champ Bailey and Ryan Clady are each donating $1,500 toward high school football equipment grants.
Wes Welker owns a racehorse named Undrafted, who will be running at the Florida Derby on Saturday.
Mike Silver reports that QB Carson Palmer is already so disenchanted with the Raiders that he would rather take less money to play elsewhere, perhaps even as a backup. But starting for the Cardinals is another option, according to Silver. At some point, Palmer has to become known as a malcontented glory boy, but there may be a factor or two against the fans and media coming to that conclusion...
Baltimore added another former well-known AFCW defender in the form of ex-Raiders S Michael Huff for just $6M over three years.
Atlanta will give Giants DE Osi Umenyiora $5M in guarantees as part of a two-year deal worth $8.5M.
Carolina added Giants LB Chase Blackburn and got T Jordan Gross to accept a hefty pay cut; Houston added Jags FB Greg Jones; Miami added Bears G Lance Louis and is said to be nearing a deal with Falcons CB Brent Grimes; Arizona added Miami safety Jonathon Amoya; the LOLJets hosted Jaguars S Dawan Landry and are reportedly interested in Washington TE Fred Davis; the Giants will host RB Tim Hightower.
The NFL and NFLPA are continuing to negotiate a new league calendar so the owners can milk more TV revenues out of the offseason.
WADA says the players union has taken an "extremist" viewpoint in its resistance of HGH testing.
The Dolphins have officially unveiled their new logo.
Bucky Brooks thinks former LSU CB Tyrann Mathieu is worthy of a second-round choice, and that his best fits are in Cincy, Washington, and Pittsburgh.
Don Banks has Denver taking FSU DE Tank Carradine at #28 in his latest mock draft.
Andy Benoit says the Raiders still have gaping holes throughout their roster, but Jim at OTC notes that GM Reggie McKenzie has done very well in managing the cap and will have loads of space to work with next offseason.
Chase Stuart doesn't see much statistical evidence to suggest that Pats WR Danny Amendola is very good, and he says interceptions are returned for touchdowns at an increasingly higher pace than ever before.
Jason at OTC says Spotrac has basically poached reams of information that he's worked hard to obtain, without attribution. Yikes.
Our long national nightmare is nearing an end, as Tim McCarver will thankfully be retiring from calling baseball games after this season.
To all, thanks so much for the kind wishes and thoughts regarding Jasper Lee, the new addition to our family. Elway and Tebow were narrow third and fourth naming options...