Denver Broncos Elvis Dumervil open to restructure contract, agent says

Dumervil set to make $12 million next season

ENGLEWOOD, Colo. - Elvis Dumervil’s agent wants his client to remain a Denver Bronco, if the price is right.

On Wednesday the Broncos informed Dumervil that they wanted him to take a pay cut. If he didn’t agree then the Broncos could release him before March 16 when Dumervil’s contract would be fully guaranteed. Dumervil is scheduled to make $12 million next season.

“I'm going ahead with this being a restructure,” Elvis Dumervil’s agent Marty Magid told the Denver Post.

“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.”

Dumervil, 29, has made $28 million the last two years and the team does not believe he is worth another $12 million.

This comes despite the three-time Pro Bowler having 20.5 sacks over the last two seasons, including 11 last year.

Dumervil signed a six-year, $61.5 million contract in 2010 when Josh McDaniels was coaching the team and before John Elway joined the Denver front office.

The Broncos need more cap space while trying to shore up their interior defensive line, cornerback and running back positions. Peyton Manning will earn $20 million in 2013 and if the Broncos had Dumervil play at his current salary, those two would account for more than a quarter of their salary cap space.

Among the pass rushers on the market this season include Manning's former teammate with the Indianapolis Colts, Dwight Freeney. Freeney is 33 years old and his production has slowed, with 13.5 sacks the last two seasons. Freeney would only cost between $5 and $6 million.