Dec 11, 2011; Dallas, TX, USA; Dallas Cowboys quarterback Tony Romo (9) meets with owner Jerry Jones prior to the game against the New York Giants at Cowboys Stadium. Mandatory Credit: Matthew Emmons-USA TODAY Sports

Cowboys Sign Romo to a Six-Year, $108 Million Extension; Creates Cap Space

The Dallas Cowboys signed quarterback Tony Romo to a six-year, $108 million extension on Friday. The move not only locks up Romo until the 2020 season, but it also creates $5 million dollars in cap room for Dallas.

The Cowboys have been handcuffed in free agency this off-season because of a lack of cap space. I’d expect them to add to their current free agent signings, Justin Durant and Will Allen, very soon. The Cowboys have big needs on the offensive and defensive line, halfback and safety positions.

According to sources, Romo will receive $55 million guaranteed in this new contract. That’s $3 million more the Super Bowl MVP Joe Flacco received when he signed his new contract earlier this year.

Flacco’s contract was for six-years, $120.6 million with the Baltimore Ravens. In comparison, the New England Patriots signed quarterback Tom Brady to a team-friendly three-year, $27 million extension as part of his now five-year, $57 million deal.

Romo, who will turn 33 next month, is now a Dallas Cowboy into his 40′s. It is conceivable that he could be effective at an older age as he spent his first couple seasons of his career on the bench. Romo’s favorite player, Brett Favre, certainly paved the way for him as Favre had arguably his best season after he turned 40.

The combination of Jerry Jones’ affinity for Romo and the lack of other options really made this extension inevitable. The Cowboys wanted to begin negotiations for an extension last year, but Romo elected to focus on the season instead.

Statistically, Romo is coming off a year where he matched the most interceptions in a season for  his career with 19. But he also had the highest yards per game average of his career with 306.4. These numbers begin to make sense when you consider the Cowboys lack of a running game  and Romo’s tendency to put too much of the onus of winning the game on his shoulders…or in this case, his arm. The Cowboys are hoping that their recent coaching changes and the return of their many injuried players will help return Romo to his previous season’s statistical success.

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  • Ronald W. Jones

    Jarrah painted himself in the corner on this one.. paying $106 million for a QB with ONE PLAY-OFF WIN. Here comes another 8-8 season. This is starting to be like watching Gilligan’s Island…when you know that whatever happens, they’re not going to get off the island…….We seriously need to draft a QB (Zac Dysert, Tyler Wilson, Landry Jones) someone to groom, to push Romo and someday take over.

    • ‘mericas_team2013

      so, the falcons shouldn’t resign Matt Ryan? He only has one playoff win also, and by your logic that means he’s not worth resigning… Guess when he gets released JJ better open his check book and tell Romo good bye, Im sure you’d be one of the ones begging to get him to Dallas.

      • Ronald W. Jones

        Ryan is a 27 year old QB with 1 play-off win. Romo is a 33 year old QB with 1 play-off win with a reputation for not playing well in pressure packed games. True or False..In 2006 did Romo fumble a snap on a FG attempt in the play-offs against Seattle costing us the game? Need I remind you that in 2007 the Cowboys had the best record in the league (13-3) and home field advantage throughout the play-offs. During the bye week did Romo have his butt in the filmroom trying to find a weekness on a play-off opponent? NO! Where was he? He was down in Cabo laying on the beach with Jessica Simpson. Do you think Troy Aikman would have done that? HELL NO! So what happened? The NYGiants came to our house and beat us in front of America in the first round. In the last 2 seasons…hasn’t it come down to us winning the last game for us to get in the play-offs? Both times our QB did not lead us to a vital win to get us in the play-offs. Romo is NOT a leader. It’s time to look in a new direction.

  • Old Frog

    Should have traded Romo for draft picks while he still had value. It only gets worse from here.

  • Preach

    Next year his back up is coming in the draft not this year!

  • disqus_kLJwdEdnOL

    This is the only over-paid signing I have ever agreed with. Because of the Cowboy’s poor drafting and free agents signings Romo has not had the team behind him to be as successful as other quarterbacks in the league. His past performance has been truly amazing considering the offensive lines he has played behind. He deserves every dollar the amount he will be paid and half of the amount should be earmarked as payment for all of the undo criticizism he has received.

  • Scott Harris

    Here is the real deal. Romo was already scheduled to make $11.5 million this coming season. If you consider that his contract is ACTUALLY a 4 year deal for $65.5 million, that means that the Cowboys tacked on 3 more years for $54 million – an average of 18 million per season. Romo will never see the last 3 years or the last $54 million of the contract.

    Here is where you have to just sit back and appreciate the Genius of the structure of the contract that the Cowboys got Romo to sign.

    1) Assume the Cowboys restructure Romo’s $13.5 million salary in 2014 into a $12.5 million signing bonus + $1 million salary.

    2) Assume the Cowboys restructure Romo’s $17.0 million salary in 2015 into a $15.0 million signing bonus + $2 million salary.

    3) Assume the Cowboys restructure Romo’s $8.5 million salary in 2016 into a $6 million signing bonus + $2.5 million salary.

    4) Assume the Cowboys draft a new young QB in 2016 to replace Orton as the Backup, and learn under Romo for 1 season. The Cowboys draft this kid late in the 1st or early in the 2nd round, and pay him a contract in the range of $8 million over 4 years – an average of $2 million per season.

    5) Assume the Cowboys cut Romo in 2017, but designate him a June 1st cut.

    Here is how those moves, along with the new contract Romo just signed affects the Cowboys salary CAP over the next 6 seasons.

    2013 – Romo CAP hit – $6.5 million + $5,318,333 Old Bonus CAP hit (OBCH) = $11,818,833 Total CAP hit

    2014 – Romo CAP hit – $8.5 million + $4,336,333 OBCH = $12,836,333 Total CAP hit

    2015 – Romo CAP hit – $12.5 million +$3,273,000 OBCH = $15,773,000 Total CAP hit

    2016 – Romo CAP hit – $14.5 million +$1,635,000 OBCH = $16,135,000 Total CAP hit

    2017 – Romo DEAD money CAP hit – $12.0 million + $2 milion New QB Salary = $14 million Total CAP hit

    2018 – Romo DEAD money CAP hit – $11.5 million + $2 million New QB Salary = $13.5 million Total CAP hit

    2019 – Negotiate new Contract for New QB based on performance.

    What the Cowboys have done with this contract is guarantee that they will have a very friendly Salary CAP number for the Starting QB for the next 6 years.

    Also, the DEAD money for Romo’s bonuses in 2017 and 2018 prevent the Cowboys from spending that money on other players – ensuring that they have the CAP space to sign the new QB they draft in 2016 without having to cut a bunch of guys in 2019. Essentially, the DEAD money acts as a place-holder reserving that part of the CAP for the starting QB in the past and in the future for those 2 seasons in 2017 and 2018.

    Genius, I tell you. Just Genius. I am in admiration of Stephen Jones.

    • Spanky

      I agree with you except for #4 and #5. I don’t think they’ll wait till 2016 to draft a QB. Also, I like your theory of cutting him, it makes sense but I just don’t think it will happen that way. At his age, he may be looking at retirement (sooner than later if the O-Line and Running game dont get resolved) somewhere around 2017.
      But I do like your theory overall, very smart stuff.

  • Dont Cuss

    Either they forgot or dont know about WR Terrance Wiliams AKA best WR in the DRAFT!