Tony Romo is 32-years-old. He has been the starting quarterback for the Dallas Cowboys for years now, and his career has had more than it’s fair share of ups and downs. While many have called for his benching at times, Romo still gives the Cowboys their best chance to win. That is why Jerry Jones wants to give him a contract extension.
Yet, to the surprise of some, Romo seems to be in no hurry to broker a new deal with Dallas.
The Cowboys have approached Romo about the possibility of a contract extension. In 2007, Romo signed a six-year, $67.4 million contract. He’ll be paid $9 million this season and $11.5 million in 2013, although the bigger numbers in the eyes of the Cowboys is the fact that Romo’s salary cap hit will be $8 million this year, but then it doubles to $16 million in 2013. The contract then would void after that year.
That is why the Cowboys have had preliminary talks with Romo regarding a new deal. At this point, as much as they would love to re-sign Romo to keep him around for the remainder of his playing days, they would also like to do so in order to switch up the crooked cap hit that next season’s salary will bring to the team.
Romo, however, has no sense of urgency and would not mind one bit waiting another year or so until seeing how much Matt Ryan of the Atlanta Falcons and Joe Flacco of the Baltimore Ravens receive. Romo has put up at least comparable numbers to those two quarterbacks, so he may choose to wait and see just how much they sign for before he considers inking a new deal with the Cowboys.
After all, it would be in his best interest.
With that being said, the Cowboys would probably really have to come in with an extremely attractive offer within the next year if they plan on signing Romo to an extension soon. Considering also what Peyton Manning received from the Denver Broncos and what Drew Brees recently got from the New Orleans Saints, Romo could ask for guaranteed money somewhere in the $40 million-$50 million range.
It is not yet known what type of numbers the Cowboys are talking when it comes to Romo. But as of right now, it will have to be a pretty big number to make it worth it for Romo to give up leverage as he approaches the end of his current deal this early.