http://www.usatoday.com/story/sports...elway/1990913/

One of these stories is incorrect

You do realize they negotiated a restructure and agreed on it, right? They didnt file the paperwork in time so released him

$8 million, sure. But not $12.

OFFICIAL is four stars on either side, not five/reported

They didn't file the paper work on time 4pm.

That doesn't negate the fact that $12 million was too much, does it?

Mike Klis ‏@MikeKlis

Broncos could still sign Elvis Dumervil but there are salary cap implications. Not that simple.

No, they reached an agreement. They just didn't have time to file it.

What will likely happen is they will file what amounts to a novation of the previous deal; a contract that mirrors the resuctructured terms. But the Broncos weren't sure if it would get processed in time and had no interest in risking the guaranteed cap hit at $12 million so they cut him.

Now they'll go through the hoops of writing and inking him to a deal that matches the restructured one, I would guess.

Second best news of the day behind, first was Schwartz.

The second news is lol x 10 funny.

Shit! You spotted my counterfeit!

If I'm Tampa Bay or another team....I'd call him up and offer $10 million a season to see if he'll sign there.

Okay, so they still screwed up.

They had it done at $8 million. Now they don't.

That's certainly not a 'smart move'.

According to Jeff Darlington, the agent made a colossal mistake:

Jeff Darlington ‏<s>@</s>JeffDarlington Wild stuff on Dumervil right now: It's clock management. Agent made a "colossal mistake," source says, by not getting signed contract faxed.

LOL they could re-sign him for 8 but the release is still at his 12 million because that idiot screwed up, they have to take the cap hit AT 12 million regardless

so it's like paying out 12 million against the cap ANYWAY. LOL

Jeff Darlington ‏@JeffDarlington

Team hadn't received signed contract via fax at 1:59 p.m. If Broncos didn't waive Elvis, they had to pay original $12 million, source says.