Now that the Cowboys have been exterminated like the cock-a-roaches they are.
What happens with Tony Romo?
The odds-on favorites are/were the Broncos, but it appears Elway is too smart to trade for him. Talent aside, Romo comes with significant injury risk, plus they invested in Paxton Lynch. It's doubtful they want to give away additional assets for Romo at this point.
Cleveland? The Browns have additional draft picks after the trade with the Eagles last year, but are they committing to RGIII? If not, and they don't like the upcoming QB prospects, maybe they call Dallas?
If the Jets had any other owner I would say forget about it. As an organization overall, the Jets are not in a position to entertain thoughts of acquiring Romo as they likely need much more than a quick fix. But then there is Woody Johnson. The man is high on big name QBs and low on common sense. If he can make a front page headline, he will definitely try.
Any dark horses out there? Arizona? Houston?
True. But they are stuck. That contract they gave Osweiler is an albatross and ensures he will be their QB for AT LEAST 2017.
He wants Broncos and would fit, and given an injured Peyton Elway gambled on and it turned out OK so he might see himself a genius on hope 2-4-2.
Houston might get him a year or 2, if their OL holds(pun intended).
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or Houston for the reasons stated above. Think the Redskins are more likely. Romo buys them a year or two to find a replacement for Cousins.
Why would Dallas trade Romo to Washington?
I thought maybe he'd be released, and if Cousins goes, he might like a place with a decent offense. They will probably lose Garcon and Jackson, but Doctson, a #1 pick, is an additional asset at WR to compensate for those losses.
There's a big cap hit to release him IIRC, and the Cowboys are already over the cap. But the cap is going up, and I wonder as somebody said if they could split the cap hit over two seasons.
I doubt that Tony would renogotiate a reduction in his salary. Therefore, any team that trades for Romo will have a $19,600,000 salary CAP in 2017.
It is possible to convert his salary into a bonus, but,it will cost the team at least $11,000,000 per year.
So what team is a QB away from contending and has at least $19,600,000 in CAP space and will invest in an injury prone 37 year old ?
I doubt that Tony would renogotiate a reduction in his salary. Therefore, any team that trades for Romo will have a $19,600,000 salary CAP in 2017.
It is possible to convert his salary into a bonus, but,it will cost the team at least $11,000,000 per year.
So what team is a QB away from contending and has at least $19,600,000 in CAP space and will invest in an injury prone 37 year old ?
Those are his dead money hits. His base salaries over the next 3 seasons are: $14M, $19.5M, and $20.5M which are what the team acquiring him will have to pay. The acquiring team would not be on the hook for any guaranteed money so those #s will also be his cap hits in 2017/18/19 respectively. That said, since none of those base salaries are guaranteed the acquiring team has 2 options:
1. Keep the deal as is and basically have 3 one year deals with Romo. If he gets injured or his play drops off, you simply cut him and move on with no dead cap space.
2. Re-work the deal entirely, which would likely be preferred by Romo and his agent since it would guarantee them some money. So instead of the 3 one year deals, they could maybe agree to a 3 year/$50M deal with $20M guaranteed. Gets Romo some guaranteed money, and saves the acquiring team ~$5M over the 3 years.
Placed on IR week 2,
"His base salaries over the next 3 seasons are: $14M, $19.5M, and $20.5M"
No matter what happens there will be a significant CAP hit for the new team.They can restructure the contract, but Romo will likely want at least $20M guaranteed and a total contract that averages at least $15M per year. Yes the money is not guaranteed but any team that trades anything of value for Romo would want him for (3) years.
Denver, Houston...
Ultimately, I think he goes to Denver. They have nobody at QB and you can't just let the prime years of that D be wasted.
Vikes have Bradford and Bridgewater under contract.
Bears have lots of holes to fill and I imagine will look for a longer term solution via the draft.
If they have the cap room sure I'd go Romo. You are going to have to give up some picks though. Osweiler is uncuttable this year though with a dead cap hit of 25 million. Luckily it was only a 4 year deal they signed him to. His dead cap hits afterward are 6 million, then 3 million. Dallas can demand a number one and then some given what Bradford went for. I do think you can put in some protections though like Romo must play in X amount of games.
Not only the back, but the collarbone/clavicle area. History shows that Romo's body just doesnt hold up well against big hits.
The risk/reward on this is very high both ways.
Man, that Osweiller deal has to be one of the worst in NFL history. How does the Texans GM survive that mess? But yeah, if the cap worked with Houston I could see Romo fitting in there. In some ways, I wonder if Jerruh would be less inclined to see Houston succeed with Romo than division rival Washington. I know the Oilers fans used to hate Dallas and the other way around. Not sure that intrastate rivalry still exists?
Either Dallas needs to cut him (which doesn't really make much financial sense this year) or trade him which doesn't help them a ton financially either (they'd save around 5M on the cap either way), so when you pick your landing spot consider I doubt the Cowboys simply cut Romo making him eligible to simply sign anywhere.
From a trade standpoint I agree with some other posters, given Romo's age, it would need to be to a team that is in "win now" mode.
Like Denver, Houston, and even maybe Washington. Someone like that.
A - yes it does - it saves them ~$5M in cap space - and they need it.
B - I've got $14M reasons why it makes sense. There's cap money, and there's real dollars. That's the amount Jerry Jones owes Tony Romo next year if he's on the team.
Sure, it's easy to spend Jerruh's $$$. I'm happy to do it. But I doubt he is stupid enough to pay a backup QB $14M.
In all honesty, his best move is to hang em up and pursue his second career beyond the field .. His body failed him long ago. Risk of further injury FAR exceeds the slim chance of a Super Bowl. Time to move on.
Taking a chance on him as a FA is probably an acceptable risk, but giving up a high draft pick... no thanks.
Dallas have to get rid of Romo ASAP. He gives them some much needed cap release in 2017, but even more important he's off the books in 2018 & beyond. With a few of their key players about to hit FA, they can structure deals to hit the cap in 2018.
If they dont get any offers, they'll have to cut him & it will probably happen a few days before the start of FA at the latest. Just wait till then. There is always a risk of some other team taking him, but giving up high draft pick(s) with his history (injury & playoff performance) are bigger risks IMO.
Having said that, some team will probably still give a decent pick for him.
A - yes it does - it saves them ~$5M in cap space - and they need it.
B - I've got $14M reasons why it makes sense. There's cap money, and there's real dollars. That's the amount Jerry Jones owes Tony Romo next year if he's on the team.
Sure, it's easy to spend Jerruh's $$$. I'm happy to do it. But I doubt he is stupid enough to pay a backup QB $14M.
AND he's off the books for good. If you keep him you'll have this problem again in 2018? Would be foolish IMO.
A - yes it does - it saves them ~$5M in cap space - and they need it.
B - I've got $14M reasons why it makes sense. There's cap money, and there's real dollars. That's the amount Jerry Jones owes Tony Romo next year if he's on the team.
Sure, it's easy to spend Jerruh's $$$. I'm happy to do it. But I doubt he is stupid enough to pay a backup QB $14M.
Just for reference purposes, when you consider how much the Cowboys have spent on the QB position with Romo Prescott and Sanchez, it was less than the Giants spent on the position with Eli, Nassib and Johnson this past year.
So sure, Romo became an expensive insurance policy, and to stay on the Cowboys in 2017, he'd effectively be a $5M insurance policy against injury to Prescott, assuming Prescott remains the starter.
They paid Mark Sanchez $2M this past year, I think they can live without the $5M savings on Romo, net $3M savings since they still would need a backup QB.
Trading Romo is different, they still save the same $5M, but get assets back.
I know it's not my money, but I don't think that's how the Cowboys operate (cash savings means next to nothing IMO).
And to me, it makes very little financial sense for the Cowboys to flat out cut Romo, save $5M get nothing for him, and then sign Sanchez for $2M (his 2016 salary with the Cowboys) to net $3M.
He'd also be less attractive to other teams once he's cut. If traded Romo would be under contract for 2017 at $14M, non-guaranteed dollars. And he could be cut any time with zero cap impact, as a FA there could be a bidding war, probably guaranteed money and even at 37 probably a multi-year deal.
Makes very little sense for Dallas to flat out cut Romo IMO.
Miami has Tannehill under a fairly large contract if I'm not mistaken. It's not an albatross but it was somewhere in the $65 mil park if I'm not mistaken.
If he only saves them $5M by cutting, then I would keep Romo for the additional year insurance policy on Dak. You know he would hate riding the bench but so be it...
They will cut or trade Romo. No QB controversy and if Romo asks JJ for his release to play elsewhere JJ will give it to him.
They will cut or trade Romo. No QB controversy and if Romo asks JJ for his release to play elsewhere JJ will give it to him.
but that's essentially kicking the can down the road a little. If they did opt to go the flat out cut route, if Romo is a non post June 1, they'd save just $5M in 2017, but over 25M in 2018.
If they make him a post June 1 cut yes they save 14M in 2017, but just 10.5M in 2018, instead of opening up significant space in 2018.
Again, I don't find that financially attractive given all the options.
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cutting Romo will net a $14 million cap savings next year.
They will cut or trade Romo. No QB controversy and if Romo asks JJ for his release to play elsewhere JJ will give it to him.
but that's essentially kicking the can down the road a little. If they did opt to go the flat out cut route, if Romo is a non post June 1, they'd save just $5M in 2017, but over 25M in 2018.
If they make him a post June 1 cut yes they save 14M in 2017, but just 10.5M in 2018, instead of opening up significant space in 2018.
Again, I don't find that financially attractive given all the options.
And when did Dallas stop kicking payments 'down the road'?
As for Romo the Broncos give him the best shot at winning a championship. The other suitors for Romo will likely be the Jets, 49ers, Bears, Bills, Browns, and Texans. It's possible that the Redskins, Cardinals, and Vikings will court Romo if their current QB leaves via free agency , is traded, retires, or doesn't return from injury (Bridgewater). Kansas City would arguably be the SB favorite in the AFC if they added a healthy Romo but I don't think they would move on from ALex Smith.
If he retires the Cowboys save just $5M on the 2017 cap (assuming it's an actual retirement and not some handshake agreement for them to cut him pre or post- June 1)
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In comment 13328939 therealmf said:
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cutting Romo will net a $14 million cap savings next year.
They will cut or trade Romo. No QB controversy and if Romo asks JJ for his release to play elsewhere JJ will give it to him.
but that's essentially kicking the can down the road a little. If they did opt to go the flat out cut route, if Romo is a non post June 1, they'd save just $5M in 2017, but over 25M in 2018.
If they make him a post June 1 cut yes they save 14M in 2017, but just 10.5M in 2018, instead of opening up significant space in 2018.
Again, I don't find that financially attractive given all the options.
And when did Dallas stop kicking payments 'down the road'?
maybe never, but I'd rip off the band-aid if I could make the cap work financially. they have quite a few UFA's.
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In comment 13328945 pjcas18 said:
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In comment 13328939 therealmf said:
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cutting Romo will net a $14 million cap savings next year.
They will cut or trade Romo. No QB controversy and if Romo asks JJ for his release to play elsewhere JJ will give it to him.
but that's essentially kicking the can down the road a little. If they did opt to go the flat out cut route, if Romo is a non post June 1, they'd save just $5M in 2017, but over 25M in 2018.
If they make him a post June 1 cut yes they save 14M in 2017, but just 10.5M in 2018, instead of opening up significant space in 2018.
Again, I don't find that financially attractive given all the options.
And when did Dallas stop kicking payments 'down the road'?
maybe never, but I'd rip off the band-aid if I could make the cap work financially. they have quite a few UFA's.
That is you and I don't mean that in a bad way. Also, I think if Romo asks JJ for a trade/release, after being the face of the franchise for 10 years, JJ would not say no.
trading him gives them control to some extent with where Romo ends up, releasing him does not.
Romo is done. He doesn't offer any value to a team. He won't last more than a game or two. He is a football-old broken down man. He is going to have a coat hanger for a collarbone if he attempts to play again and his back is in worse shape. He just needs to go away ... for his own good.
There will be no interest in Romo once the league doctors get a look at him.
tomjgiant : 2:03 pm : link : reply
With his contract for the next three years and his questionable ability to stay healthy.Doesn't make sense for Dallas to keep him around as a backup so might as well bite the bullet now and release him and gain 5.6 mil in cap space.
Why in the world would you just release him and get nothing in return? Trading, releasing or retiring all has the same cap consequences....There will be one team out there willing to take a chance, thinking they are just one qb away....if not for Osweiler's contract, I would think it would be Houston....But I still think it is Denver....Elway is playing it cool for now, trying to limit the compensation....if Romo can play, he is a steal at 14M.....and if he fails, he is easily cut with no dead money......
The hang up I think, will be Romo trying to negotiate a new contract with guaranteed money.....basically, that 14M is guaranteed, if he doesn't get hurt in preseason....but it's the following season he wants guaranteed money.....so whoever makes the trade, has to come up with a new contract, and some type of compensation.....methinks the compensation will be based on how Romo does for his new team....
tomjgiant : 2:03 pm : link : reply
With his contract for the next three years and his questionable ability to stay healthy.Doesn't make sense for Dallas to keep him around as a backup so might as well bite the bullet now and release him and gain 5.6 mil in cap space.
Why in the world would you just release him and get nothing in return? Trading, releasing or retiring all has the same cap consequences....There will be one team out there willing to take a chance, thinking they are just one qb away....if not for Osweiler's contract, I would think it would be Houston....But I still think it is Denver....Elway is playing it cool for now, trying to limit the compensation....if Romo can play, he is a steal at 14M.....and if he fails, he is easily cut with no dead money......
The hang up I think, will be Romo trying to negotiate a new contract with guaranteed money.....basically, that 14M is guaranteed, if he doesn't get hurt in preseason....but it's the following season he wants guaranteed money.....so whoever makes the trade, has to come up with a new contract, and some type of compensation.....methinks the compensation will be based on how Romo does for his new team....
Overall the cap hit is the same, but if they post June 1 him, then they split the cap cost over this year and next meaning the $5.1 million they'd save against the cap this year by simply cutting or trading him becomes a straight $14 million.
They're around $5 millon over the cap with just 46 players on the books for next year. OTC has them currently at a cap deficit of $6,172,036 and while the cap will go up
Given they'll at least need to free up around $8 million in total (after the rumored cap increase) just to afford their draft class and contingency then they need to free cap this year. They can do that with some restructures or releases, but they'd need to make a few moves to get them room to be active in FA or to sign their own UFA's
Designating Romo a post June 1 makes sense if it's looking like there's not a lot of return coming for trading him.