Report: Elvis Dumervil parts ways with agent Marty Magid after contract snafu

The day after a contract snafu that forced him into free agency, defensive end/linebacker Elvis Dumervil has parted ways with agent Marty Magid, according to The Baltimore Sun‘s Aaron Wilson.

Dumervil and Magid agreed to a restructured deal that would have involved the player accepting a $4 million pay cut, according to the Associated Press, but the team received the signed contract seven minutes after the deadline.

Magid blamed the Broncos for the error, telling USA Today that the team made late changes to the financial details. There is no animosity between Dumervil and the agent, according to Wilson.

Elvis Dumervil and his agent are parting ways, according to sources close to the situation—
Aaron Wilson (@RavensInsider) March 16, 2013

I'm told there's no animosity between Elvis Dumervil and his agent. Just a bad situation that unfolded, obviously, and now Elvis moves on—
Aaron Wilson (@RavensInsider) March 16, 2013

Magid works for MRM Sports & Entertainment, which also represents mostly low-profile players, such as Ravens running back Bernard Pierce. He will waive the five-day waiting period the NFLPA requires for players wanting to change agents, Wilson is reporting.

Elvis Dumervil's former agent will waive five-day waiting period required by NFL Players Association for player wanting to change agents—
Aaron Wilson (@RavensInsider) March 16, 2013

Tom Condon of Creative Artists Agency, who represents both of the Manning brothers, is the leading candidate to become Dumervil’s new agent, according to FoxSports.com’s Alex Marvez.

I hear tom condon/caa frontrunner to sign elvis dumervil as new client after firing of his agent, according to media reports, is official—
Alex Marvez (@alexmarvez) March 16, 2013

Dumervil, who posted 63.5 sacks and made three Pro Bowls in his six years with the Broncos, has reportedly drawn interest from several teams, including the Ravens.