Paperwork mix-up costs Broncos player $12M

March 18, 2013 5:00:16 AM PDT
Defensive lineman Elvis Dumervil parted ways with his agent after a paperwork mix-up forced the Denver Broncos to waive him instead of signing him to an $8 million contract.

Dumervil and the Broncos had come to an agreement Friday for the defensive lineman to take a $4 million pay cut. But Dumervil's agent, Marty Magid, didn't fax the signed contract to the Broncos in time to meet Friday's 1:59 p.m. deadline and the Broncos cut Dumervil so they wouldn't be on the hook for the $12 million they owed him in the original contract.

Magid told USA Today that Dumervil contacted him Saturday to say he wanted to move in another direction.

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