Although exact terms of the deal are not immediate, we will keep you up-to-date as information becomes available.
Elvis Dumervil has agreed with the Ravens. Details coming on denverpost.com/broncos— Mike Klis (@MikeKlis) March 24, 2013
The Denver Post citing two NFL sources says that the contract with Baltimore is a multi-year contract. While KCNC-TV's Vic Lombardi speculates based on what he has heard that Dumervil chose the Ravens despite the Broncos offering more cash.
Though with ESPN's Adam Schefter reporting that the Ravens are giving Dumervil a five-year deal worth $35 million in cash and escalators, with $8.5 million coming in the first year it is likely that Denver's offer was not quite as sweet.
Broncos offer to Dumervil: 3 years, $18 million. $8 million in 2013. There was $2 mil guarantee among $5 mil salary in year 2.— Mike Klis (@MikeKlis) March 24, 2013
This likely means that the Broncos will sign either free agent defensive end Dwight Freeney or John Abraham, who both visited Denver on Thursday.
Of course, there is always the off chance that Denver has decided that it is next man up and will simply expect Derek Wolfe or Robert Ayers to step in.
This makes the Ravens trip back to Denver this season even more interesting than just a rematch as Dumervil will likely go head-to-head with Ryan Clady for four quarters.
UPDATE: 3:15PM MTN (3/24/2013): The Ravens have confirmed the signing, Dumervil will take a physical Tuesday to solidify the five-year deal.