The Cowboys signed Tony Romo to a 6 year $108M extension in 2013 with the intention to keep Romo on the roster through the 2019 season. Fast forward through the 2016 season being led by the rookie fourth round pick Dak Prescott. Now Dallas finished the season at 13-3 with Prescott taking home Rookie of the year honors. Now Dallas is trending upward, they still have a huge predicament, about $30M to be exact.
4× Pro Bowl
2006, 2007, 2009, 2014
- 2nd Team, All-Pro 2014
- NFL Passer Rating Leader 2014
- NFL Completion Percentage Leader 2014
- NFC Passing Yards Leader 2007
- Walter Payton Award 2002
Dallas enters the offseason currently (according to overthecap.com) $11 million over the 2017 cap, they have a number of options which put them in a very reasonable situation without touching Tony Romo’s contract. However, they will look to take the hit now and not in 2018 where Zack Martin, La’el Collins, Anthony Hitchens, and DeMarcus Lawrence all await free agency simultaneously.
2017-18 Salary ($)
Payout if cut ($)
If Tony Romo is on the roster this season, he will cost the Cowboys (per spotract.com) $24.7M in 2017 and $25.2M in 2018. While Dak Prescott is on his rookie deal, he is only owed $635K in 2017 and $725K in 2018. Huge difference considering the cost you are getting for the production out of Dak Prescott.
If Romo is a post-June 1 2017 cut, that drops to $10.7 million of dead money in 2017 and $8.9 million of dead money in 2018. So the Cowboys will save $30M over the two years.
If Romo is a “standard” cut as a pre-June 1 move, all of the bonus becomes owed into his 2017 cap hit. So Romo’s cap number goes from $24.7 million in 2017 to $19.6 million, with no dead money in 2018.
A trade leaves Dallas in pretty much the exact same financial spot: $19.6 million dollars, either way, committed to the cap for two years or less. Considerably manageable. The trade suitor isn’t about the money; Romo’s new team only pays him $14M (compared to Ryan Fitzpatrick’s $12M in 2016 and Brock Oswelier’s $19M in 2017). The issue is who willing to trade for him, what would they trade to get him, and how much of the Cowboys’ draft picks that they receive become conditional (based on Romo’s games played).
The leading potential trade suitor that would appear to be in the market looks to be the Denver Broncos, who came off a Super Bowl win, missed the playoffs this season entirely due to poor quarterback play. While they invested a 2016 1st round selection in QB Paxton Lynch (who couldn’t beat out 2015 7th round selection Trevor Siemian).
Other suitors could be the Cleveland Browns (who have tons of draft selections to trade) and the Chicago Bears, who have an offense that could lead the NFC with competent QB play. Chicago is also not too far away from where Tony Romo played College Football at Eastern Illinois.
I need you to take Tony Romo, take a couple picks and give them to Cleveland so you can pick me up. Please, I’d love to play in Dallas, just make it happen.
in a video to Jerry Jones
Wherever Tony Romo lands, count on the Dallas Cowboys looking to unload him before June 1st since Romo has ruled out retirement and feels healthy after resting a full season.
There can be no thought of finishing for ‘aiming for the stars.’ Both figuratively and literally, it is a task to occupy the generations. And no matter how much progress one makes, there is always the thrill of just beginning.
The views expressed are the author's own and not necessarily shared by Explica, Inc. Opinions expressed by any contributor to Explica, Inc. are offered freely without direct compensation by any sponsor, advertiser, contributor, candidate, or employer.