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 forced Denver to release him.
The day played out like this:
• At 1:25 p.m., Denver time, Dumervil agreed to take a $4 million pay cut to remain with the team.
• 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 email. With no signed contract in hand as 1:59 approached, the Broncos were forced to cut Dumervil to avoid being on the hook for the $12 million they owed him in the original contract.
• The team received the signed contract via email at 2:06 p.m.
Dumervil is now a free agent, dumped late onto a market where one top defensive end, Cliff Avril, just signed a two-year deal with Seattle worth an average of $7.5 million a year.
Around the league
Arizona: The Cardinals released Kevin Kolb, ending the quarterback’s two injury-filled seasons with the team.
Kansas City: The Chiefs signed veteran offensive lineman Geoff Schwartz in an attempt to bolster their depth.
Schwartz, who can play both guard and tackle, started 16 games for Carolina in 2010, but missed the following season with a hip injury. He spent last season as a backup in Minnesota.
Philadelphia: The Eagles acquired wide receiver Arrelious Benn and a seventh-round pick from the Tampa Bay Buccaneers for Philadelphia’s sixth-round choice this year and a conditional draft pick in 2014.
Miami: Tight end Dustin Keller moved up in the AFC East standings, and now that he’s with the Dolphins he expects to keep climbing.
The former New York Jet signed a one-year contract with the Dolphins. He said he wanted to join a playoff contender and likes the Dolphins’ chances under coach Joe Philbin in 2013.
New York Jets: The team signed running back Mike Goodson in free agency.
Goodson, a former fourth-round pick by the Carolina Panthers, has played in 40 games.