UPDATE: Elvis Dumervil is willing to restructure his contract and take a pay cut with the Broncos. They have filed a proposal with the Broncos but have yet to hear back.
Source: Elvis Dumervil is now willing to take a pay cut. His side has exchanged a proposal with the Broncos, hasn’t heard back since 4
— Ian Rapoport (@RapSheet) March 12, 2013
According to the Denver Post, the Denver Broncos will pursue free agent DE Dwight Freeney. Freeney, a former member of the Colts and, perhaps more importantly, a former teammate of Broncos’ QB Peyton Manning, will hit the open market when NFL free agency opens on March 12.
The Broncos will only pursue Freeney if they cannot restructure current Bronco Elvis Dumervil’s contract and find a way to reduce his pay. The Broncos would rather work out a pay cut for Dumervil but they may be able to get Freeney for a much cheaper salary than they would a reduced Dumervil.