Contact Us

8 Million Dollars Lost in 6 minutes…

Six lousy minutes. That’s all it took for defensive end Elvis Dumervil to lose his place on the Denver Broncos and an $8 million salary.

a lot lost in a little time
Elvis Dumervil Lost 8 miilion dollars in 6 minutes

Here’s what happened: Dumervil agreed to a restructured contract with the Broncos that would pay him $8 million for the upcoming football season. That was down from $12 million. Dumervil’s agent, Marty Magid, said he didn’t get the final paperwork from the Broncos until 3:30 p.m. ET on Friday — just 30 minutes before the league’s deadline to fax the new contract.That left a mad scramble to get Dumervil to a fax machine — a Kinko’s in Miami, according to reports. The first fax number Dumervil tried wasn’t working, so the Broncos gave him a second fax number Dumervil finally sent the fax at 3:55 p.m. ET — five minutes before the deadline.But the fax didn’t come through to the Broncos until 4:06 p.m. Too late. The Broncos had already formally released Dumervil and ended all contract negotiations.The Broncos are saying that Dumervil declined the $8 million offer and changed his mind with just 35 minutes to go before the deadline. Dumervil just cut it too close and missed his window.
Plenty of lessons here for Dumervil and his former agent. And why is the NFL relying on the fax machine in this age of high-speed communication?

Best of WTUG

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WTUG VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WTUG VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.