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.
Dumervil is now a free agent.
VIKINGS: Greg Jennings has agreed to a five-year deal with Minnesota, becoming the latest Green Bay Packer to head across the border and join their bitter NFC North rivals.
The contract has a maximum value of $47.5 mlllion, with $18 million guaranteed. The contract is worth a minimum of $27 million over the first three years, and could be as much as $28.5 million over the first three years if he goes to the Pro Bowl, according to ESPN.com.
Jennings made his decision on Friday, giving the Vikings the No. 1 receiver they so desperately needed after trading Percy Harvin to Seattle.
TEXANS: Free agent safety Ed Reed left Houston on Friday with no deal in place.
The nine-time Pro Bowl safety departed Reliant Stadium after two days of talks with the team. He arrived in Houston on Thursday morning aboard team owner Bob McNair’s private jet and the team announced on its Twitter site that he was back at its facility on Friday.
The Texans are trying to sign Reed to make up for an otherwise disappointing free-agency period so far. Receiver Kevin Walter was cut, safety Glover Quin signed with Detroit and tight end James Casey and linebacker Connor Barwin signed with Philadelphia.
CARDINALS: Released Kevin Kolb, ending the quarterback’s two injury-filled seasons with the team.
The team’s move on Friday came just ahead of the deadline for paying Kolb a $2 million roster bonus. The team paid Kolb some $20 million over two seasons after acquiring him in a trade that sent a second-round draft pick and cornerback Dominique Rodgers-Cromartie to the Philadelphia Eagles.
The move reportedly saved $7 million in salary cap space. Later in the day, the Cardinals announced they had signed ex-Oakland defensive end Matt Shaughnessy to a one-year deal.