Where Tony Romo plays in 2017 is arguably the hottest topic in the NFL right now outside of the conference championship games. It's almost assured that Romo will play for a team other than the Dallas Cowboys next year. Far less certain, though, is how he'll wind up there.
Given the size of Romo's deal there are some major salary cap ramifications for the Cowboys. No matter which way this goes they will have some significant cap space tied up in Romo for at least another year or two, even while he's no longer on the roster.
The key for Dallas will be weighing the overall gains and deciding which scenario works out best in the long run. Let's review the two basic options.
The Dallas Cowboys Trade Tony Romo
Don't let ESPN's ignorant talking heads fool you; trading Romo's contract isn't that complicated. If his contract is traded as-is, Romo's new team would only be accountable for the base salary of $14 million in 2017.
That is a bargain if you think Tony Romo is a guy who can help you compete in the postseason, which is the only reason any team would even want him. Plus, you're not liable for any dead money if you want to move on after 2017. It's really a great deal for the new team.
We always think of trades in terms of the draft picks, since this is far more common in the NFL, but there's also potential for Tony to be moved for another player. Dallas has plenty of needs this offseason; pass rushers, defensive backs, right tackle, or even a wide receiver, just to name a few.
If you can find a team with the right surplus of players at one position and a desperate need at quarterback, that could be your best value. Given how few teams may be interested in Romo, though, it's a less likely scenario.
The Dallas Cowboys Release Tony Romo
If Dallas releases Romo outright then they save about $5 million off of his $24 million cap hit in 2017. That's not a lot of money but it certainly helps. The big savings would come in 2018 when the remaining $19 million in dead money drops off the books.
The problem with that is it's the same scenario whether Romo is released or if he's traded. Your facing the same dead money and cap situation without getting a draft pick or some other asset in return. There would still be some benefit for Dallas, but it would ultimately feel like a loss compared to other options.
This is where the June 1st provision comes into play. If the Cowboys designate Romo as a June 1st cut then they can add an additional $9 million to the 2017 salary cap; a total of about $14 million in immediate cap relief. It would defer about $10 million into 2018 as dead money, but by then you may be in a better position to deal with it.
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After seeing the Minnesota Vikings give up a first-round pick for Sam Bradford last year, it's hard to say anything with certainty about what Tony Romo is worth. The Houston Texans were arguably a competent quarterback away from upsetting the New England Patriots last Sunday. Could they be willing to gamble a high draft pick on possible Super Bowl contention?
There's an old saying in real estate that a house is ultimately worth what someone was willing to pay.
If you can land a first or even a second-round pick for Romo then that probably outweighs all other options. Those are fantastic assets, especially when your team has been as successful in the draft as the Cowboys have lately.
However, if the best you can get for Romo is a mid-round pick or later, is that worth your financial flexibility? Would you be better off making him that June 1st release and having an extra $9 million to spend on free agents this offseason?
The oft-forgotten aspect of the June 1st provision, though, is that the cap space doesn't actually become available until that calendar date. Even if you cut Romo in March as a designated June 1st release, you won't get that cap space to spend during the prime free agency market.
That's not to say it wouldn't still be useful. Dallas could use those funds to sign rookies and perhaps get Zack Martin and La'el Collins signed to long-term extensions. Any unused cap space does roll over to the next season, too.
The Cowboys are no longer in the time-crunch of trying to win during the Tony Romo window. They can afford to think more long-term now that Dak Prescott, Ezekiel Elliott, and the young offensive line are the nucleus of what should be a perennial contender. Perhaps having immediate cap space isn't as concerning now as it was during the Romo years.
That said, having been so close to their first NFC Championship Game since 1995, you know this organization isn't going to rest easy. The Cowboys want to get back in that position next year and break through. That's going to take some immediate help on defense, perhaps more than any one draft pick could get you.
Only Dallas' front office knows for sure what they covet more between draft picks and cap space. They have to weigh those things against who's actually available in free agency and the draft; a complex analysis that involves their own private opinion of each player and prospect.
Right now we can only speculate as to where they see the most value. However, in a few months, what they ultimately do with Tony Romo could tell us a lot more.
REPORT: Dallas Cowboys Re-sign Long Snapper L.P. Ladouceur
L.P. Ladouceur is returning for his 15th season as the Cowboys' long snapper. The veteran free agent was re-signed by Dalals today to a one-year deal.
Thanks to Jason Witten's one-year sabbatical with Monday Night Football, Ladouceur has now been with the Cowboys for more consecutive seasons than any current player. He just turned 38 last week, but Louis-Philippe remains one of the top long snappers in football.
The Cowboys have signed long-snapper L.P. Ladouceur to a one-year deal worth $1.03 million and $90,000 in bonus money, but he will count $735,000 against the cap. This will be Ladouceur's 15th season with the Cowboys, tying Ed "Too Tall" Jones, Mark... https://t.co/2iDsi6RX7e
Retaining Ladouceur is an underrated move for the Cowboys given their situation at kicker.
Brett Maher was only 80% accurate overall on field goals last year. The team could be considering an upgrade in free agency.
Whether they bring Maher back or try someone new, having a long snapper with Ladouceur's performance perfection will make things much easier for them.
REPORT: Cowboys Negotiating Trade with Dolphins for DE Robert Quinn
According to a report just minutes ago, the Dallas Cowboys are visiting with Miami Dolphins' Defensive End Robert Quinn today as part of a possible trade. Miami is looking for a trade partner to try to get something back for Quinn before making him a salary cap casualty.
Quinn is in the final year of his contract and is set to count $12.9 million against the Dolphins' salary cap. Most of that is his base salary of $11.8 million, which Miami is reportedly willing to pay part of to help facilitate a trade.
Robert Quinn was spotted today on his way to visit the #Cowboys, who are in trade talks with the #Dolphins for the veteran DE, sources say. Quinn would need to agree to any deal. So, this is another step in the process, with a Dallas team that obviously needs pass rush.
The Cowboys need DE help with DeMarcus Lawrence's contract still unresolved and Randy Gregory now indefinitely suspended for another drug policy violation. They signed Kerry Hyder from the Lions yesterday, but he isn't a proven commodity like Quinn.
Turning 29 in May, Robert Quinn is a two-time Pro Bowler and former first-round pick of the Rams. He hasn't had the same production in recent years but still had 6.5 sacks for Miami in 2018 and 8.5 the prior year with Los Angeles.
Ever the bargain shoppers these days, Dallas is probably hoping to get Quinn for late-round draft pick or perhaps a pick swap.
REPORT: Police Detain Cowboys DL Tyrone Crawford After Bar Fight
According to TMZ, Tyrone Crawford was involved in a brawl at a bar in Panama City, FL last Friday night. The Dallas Cowboys defensive lineman and team captain was detained by police but apparently was not arrested.
The level of Crawford's involvement has not been substantiated, but TMZ's report does have him shoving police officers at some point in the action. The incident was reportedly captured by surveillance equipment at the bar.
Given that he was not arrested, one could assume that Tyrone was not one of the primary players in the melee. But that doesn't mean the NFL won't still review this matter as it relates to the personal conduct policy, and Cowboys fans know too well how "fair" that process can be.
This is certainly not a story you'd expect to see attached to Tyrone Crawford, who has been a model citizen and leader since entering the league in 2012.
Dallas elected to keep Crawford this season despite solid potential savings. He will count $10.1 million against their 2019 salary cap, which is high for his average production. However, he can play multiple positions and is one of their most experienced players.
Even if Tyrone were to get suspended by the league, it likely wouldn't be more than a one or two-game ban given his record and reputation. It shouldn't change anything about his status with the team.
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