Event processing in rate limited network devices is described. An event receiver is notified of a backlog condition and may respond by increasing the rate limit for the network device. If an event queue on the network device overflows, event messages may be diverted to an event message overflow store or to a network location. Later, the messages may be retrieved after the overflow condition has cleared. As a result, critical messages or events such as Syslog messages are not lost when a rate limited network device cannot deliver the messages to a network management station.