Late paperwork costs NFL agent a big client

Mike Garafolo, USA TODAY Sports | USATODAY

The agent for former Denver Broncos defensive end Elvis Dumervil, who was released on Friday when the paperwork for his restructure wasn't filed on time, told USA TODAY Sports Saturday he has been notified Dumervil will fire him.

Marty Magid, who claimed the Broncos' changing the terms of their initial proposal led to a delay that resulted in the paperwork not being sent to the NFL offices in time, said Dumervil called him Saturday afternoon to say he wants to "move in another direction."

Magid, who received hundreds of emails from angry Broncos fans on Friday, said he didn't fight the decision and will waive the five-day waiting period for Dumervil to hire a new agent, thus allowing his new representative to negotiate with teams immediately.

"It's terrible, but he said he knows what happened and why it happened," Magid said. "I know the people in Denver think I should be fired, but like I said (Friday), there were a lot of reasons for why it happened."

Magid told USA TODAY Sports Friday the Broncos presented a proposal to him and Dumervil at 1 p.m. EDT that contained only an injury guarantee on $3.5 million of his 2014 salary. Magid said the team proposed a full guarantee on that amount earlier in the week.

The new proposal would pay Dumervil $8 million in base salary this upcoming season (down from $12 million) but give the Broncos the ability to cut him before the 2014 season for skill or salary-cap purposes without owing him a dime.

Magid said he and Dumervil spoke for the next two hours about what the implications of the new deal were. Dumervil and Magid initially turned down the deal at 3 p.m. EDT, an hour before the deadline to file a signed contract before Dumervil's $12 million salary for this year became fully guaranteed.

Magid called the Broncos back about a half hour later to tell the team Dumervil had changed his mind and would accept the offer.

"I had teams lined up that were interested in him," Magid said. "They'll have to contact his new guy now."

Broncos officials were "in shock" Friday night, a feeling that lasted into Saturday, a person close to the situation told USA TODAY Sports. The person spoke on condition of anonymity because the team is not publicizing their plans.

"We are taking a day to recharge," the person said.

But Dumervil could be part of the Broncos' future plans, which also include looking at available free agent pass rushers, including Dwight Freeney and Osi Umenyiora.

Broncos executive vice president John Elway on Friday evening released a statement in which he outlined the team's position and timeline of what happened in the fax fiasco. In it, Elway basically blamed Magid for the failure to submit the signed contract on time.

Magid was not Dumervil's original agent and did not negotiate the six-year contract extension Dumervil signed in 2010. Dumervil hired Magid after his previous agent Gary Wichard passed away in 2010.

Contributing: Lindsay H. Jones.