Dumervil to Baltimore; Broncos reportedly pursuing Freeney, with Abraham as next option

Elvis Dumervil has agreed to terms on a five-year contract worth a reported maximum of $35M, including $8.5M in 2013, to join the Baltimore Ravens. His deal is pending a Tuesday physical.

According to Mike Klis's original article, the Broncos will turn their attention to signing former Falcons DE John Abraham, who has been a rumored target of Denver's for much of his career. Ex-Colts DE/LB Dwight Freeney would reportedly be the fallback plan beyond Abraham; both players visited Dove Valley on Thursday.

Then again, Klis says on Twitter that Freeney is Denver's top choice, so there's that. He's also updated his DP story to reflect that.

NFLN's Michelle Beisner cites a source who says the Broncos are "making a hard push for Freeney."

Prior to the fax debacle that resulted in Dumervil's release two Fridays ago, the Broncos had agreed to a reworked contract worth $30M over three years with the 29-year-old pass rusher.

Elvis has accepted a significant cut from that $10M/year figure, and much of his 2013 compensation will be in the form of a signing bonus, as his cap number is reportedly just $2.5M for this year. According to PFT, the base value of the new contract is only $26M.

Of course, as all IAOFM readers know, the real length and value of the contract, when examining the details, will be shorter and smaller than what's being reported now. It's likely a five-year deal for cap purposes, more than any expectation that he'll actually play it out.

To that end, Jim Corbett reports that Dumervil's 2014 compensation includes a $3.5M injury guarantee, which is precisely what Dumervil and then-agent Marty Magid had balked at when offered by Denver. So at its core, Elvis's contract is a one-year deal worth $8.5M, with the Ravens holding the option to cut him at any point thereafter without owing him anything in guaranteed money, unless he suffers a serious injury in the next year.

Klis reports that Denver's last offer included $10M in guarantees but just $18M over three seasons, which is in line with what we had suggested earlier in the week.

Broncos football czar John Elway released the following statement following Dumervil's departure:

As we have from the start of this process, we worked diligently over the last week to find a way for Elvis Dumervil to remain a Denver Bronco. Although we made multiple contract offers to Elvis after being forced to release him, we were unable to reach an agreement and are now moving forward without him.

Elvis was a team captain and a talented player who made a great impact during his seven seasons in Denver. I appreciate all of his effort on the field and the work he did in the community.

I wish Elvis all the best as he continues his NFL career.

Steelers LB James Harrison had reportedly been due to arrive in Baltimore for a visit tonight, but the addition of Dumervil will apparently make such a meeting unnecessary.

The SB champs kicked off their offseason by re-signing QB Joe Flacco, but this is their first big addition since then. In the interim, the Ravens lost several key defensive players, including Paul Kruger, Dannell Ellerbe, Ed Reed, Bernard Pollard, and Cary Williams, and had traded WR Anquan Boldin.

In Baltimore, Elvis will be reunited with Ravens linebackers coach Wink Martindale, who was Dumervil's position coach in Denver for his then-team-record 17-sack season of 2009, the campaign which landed him his six-year, $61.5M contract in 2010.

A torn pectoral muscle cost Dumervil the first season of that deal, and he bounced back for 20.5 sacks over the next two seasons, but not enough in Denver's eyes to justify the $12M salary he had been due for 2013.

Denver originally selected Elvis with a fourth-round pick in the 2006 Draft, as an undersized and underappreciated sack machine out of Louisville. He was part of a vaunted Broncos draft class that also included Jay Cutler, Brandon Marshall, Chris Kuper, Tony Scheffler, Domenik Hixon, and Greg Eslinger.

With the exception of Eslinger, that entire class remains in the league, but for now, Kuper is the only player left in Denver. Cutler, Marshall, Scheffler, Hixon, and now Dumervil all left under controversial circumstances, while Kuper would appear a likely target to be released this offseason, given his $4.5M salary and the signing of Louis Vasquez.

During his time with the Broncos, Elvis was named to three Pro Bowls and one All-Pro team, accumulating 63.5 sacks along the way in 91 games (75 starts). He leaves as the team's fourth all-time leading sack man, behind Simon Fletcher (97.5), Karl Mecklenburg (79), and Trevor Pryce (64), and 47th in terms of PFR's Career AV at 51.

Updated 7:00pm ET

Doug is IAOFM’s resident newsman and spelling czar. Follow him on Twitter @IAOFM