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Originally published Friday, March 15, 2013 at 8:14 PM

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Paperwork confusion leads to Denver's release of Elvis Dumervil | NFL

Elvis Dumervil found himself out of a job and the Broncos were without their best defensive end Friday after they reached an agreement on a new contract, but saw it all come undone when tardy filing of the paperwork caused Denver to release Dumervil.

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Let's sign him like Pete says - never can get enough of those monsters Realistic... MORE
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ENGLEWOOD, Colo. — Time really is money. Nobody knows that better than Elvis Dumervil and the Denver Broncos.

Dumervil found himself out of a job and the Broncos were without their best defensive end Friday afternoon after they reached an agreement on a new contract, but saw it all come undone when tardy filing of the paperwork caused Denver to release him.

A person familiar with the negotiations gave The Associated Press details about the confusion. The person did not want to be identified because the negotiations were not public.

According to that source, the day played out this way:

At 1:25 p.m., Denver time, Dumervil agreed to take a $4 million pay cut to remain with the AFC West champions for 2013. The paperwork was ready to be signed and sent to the league.

But with the clock ticking on a 1:59 p.m. deadline, the Broncos were not seeing any sign of the signed copy on their fax machine. With no signed contract in hand as 1:59 approached, the Broncos cut Dumervil because once the deadline passed, they would have been on the hook for the $12 million they owed him in the original contract.

According to the source, the team received the signed contract via fax at 2:06 p.m.

Team president John Elway said the Broncos delivered their final contract proposal to Dumervil at 11 a.m. and set a 1 p.m. deadline for a decision.

Elway said Dumervil accepted the contract at around 1:25 and "although we expressed our concern regarding the time constraints, we were assured that the signed documents would be submitted to us before the league's waiver deadline. We did not receive the documents from Elvis by the league's deadline and were forced to release him shortly before 2 p.m. MDT."

Bringing back Dumervil, who has 63 ½ career sacks, might be tricky for the Broncos.

"Due to this situation, there are now salary-cap implications associated with this transaction that we must consider with regard to potentially re-signing Elvis," Elway said. "At this moment, we are discussing all of our free-agency options to determine what's best for the Denver Broncos."

Dumervil's agent, Marty Magid, contends the Broncos changed language regarding Dumervil's 2014 salary, withdrawing a full guarantee on the deal.

"They changed the deal and my client needed time to digest it," Magid told CBSSports.com. "I needed to read over the language and then get it to him and, because they changed the terms, Elvis, obviously, would want to read it before signing it. Elvis has a timestamp at 3:53, 3:54 of him faxing it back."

Magid said he took calls from other teams once Dumervil, 29, was a free agent.

Vikings, Jennings

agree on contract

MINNEAPOLIS — Greg Jennings has agreed to terms with the Minnesota Vikings on a five-year contract reportedly worth $47.5 million, with $18 million guaranteed.

Ex-Green Bay Packer Jennings, 29, is expected to be the No. 1 receiver the Vikings sought after trading Percy Harvin to the Seahawks earlier this week.

Jennings played in a mere eight games for the Packers in 2012, plus two in the playoffs, because of a torn lower-abdominal muscle. He finished with 366 yards receiving and an average of 10.2 yards per catch, both career lows for the two-time Pro Bowl selection.

Notes

• The Arizona Cardinals released Kevin Kolb, 28, ending the quarterback's two injury-filled seasons with the franchise.

The team's move came shortly before the deadline for paying Kolb a $2 million roster bonus. The team paid Kolb about $20 million over two seasons after acquiring him in a trade that sent a second-round draft pick and cornerback Dominique Rodgers-Cromartie to the Philadelphia Eagles.

Kolb was to make $9 million this year, and Arizona's move reportedly saved $7 million in salary-cap space.

• Former Seahawks running back Justin Forsett, 27, signed a two-year contract with the Jacksonville Jaguars. Forsett, who played for Houston last season, is expected to compete for the backup job behind Maurice Jones-Drew.

Forsett has experience working with Jedd Fisch, the Jaguars' new offensive coordinator.

"I'll be in here backing up Maurice, trying to come in and get some carries and be a spark and being able to catch the ball out of the backfield and do some other things that I've done with Jedd in the past up in Seattle," Forsett said.

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