Found March 29, 2013 on
Fox Sports Southwest:
IRVING, Texas Tony Romo signed a contract with the Dallas Cowboys on Friday that, in terms of the total potential package, amounts to seven years and 119 million. But the final judgment on the numbers cannot happen without a deeper examination of the deal and of course, time for Romo to prove he is the championship-level quarterback the franchise believes him to be.
"There will be no greater reward, besides winning a Super Bowl, than playing my entire career as a Dallas Cowboy,'' said Romo after signing the paperwork in team owner Jerry Jones' Valley Ranch office at 4 p.m. Friday. "Our goal is the Super Bowl and I am determined and honored to be the guy in this position to help our team do that.''
Team vice president Stephen Jones (the point man for the club's negotiations) tells FOXSportsSouthwest.com that the extension portion of the deal is six years and 108 million that addition tacked on to an existing season. Included in the contract is 55 million guaranteed (25 million of it as an upfront signing bonus). And in reality, the structure of the contract makes the 55 million the key number, not the 119 million or the 108 million.
On paper, the full contract makes Romo the highest-paid player in Cowboys history. But it's that guaranteed money that is most impactful. That is the second largest guaranteed money in the NFL, behind New England quarterback Tom Brady (57 million guaranteed) and New Orleans quarterback Drew Brees (55 million guaranteed).
Sources said the first four years of the contract for the 32-year-old QB pay him approximately 65 million, and that nothing beyond that can truly be counted on. (Romo will be 39 by the time the final 2019 year of the deal comes into play.) In that regard this actually can end up being a 16 million-a-year commitment fairly in line with the "sticker price'' of someone with Romo's talent.
Romo, Jerry Jones said, "has a proven-veteran-quarterback grasp of the intellectual side of the game. He knows how to run an offense and run a team. He knows how to win games and has done it in a lot of different settings and under a lot of difficult circumstances. We couldn't be more excited about moving onto the next several years with Tony We are very confident in this investment and commitment.''
Another financial wrinkle: the contract extension reduces Romo's 2013 salary cap hit of 16.8 million down to 11.8 million. That frees up 5 million of space for the cap-strapped Cowboys, who can now use the room to improve Romo's supporting cast.
Romo is likely a "Cowboy for life,'' and understands the rewards and pressures that come with that. "Super Bowl'' is part of the vernacular in Dallas yet under Romo, the Cowboys have won just one playoff game since his 2006 ascension from undrafted free agent to high-profile starter.
"This football team that we have is a good team and with all the people we have coming back and the things we are doing behind the scenes, it will make us a very difficult ballclub to beat,'' Romo said. "I am excited that ownership and the organization believes in me to get this job done.''
BEST OF MAXIM
Dallas Cowboys quarterback Tony Romo released a statement after signing his new six-year extension that will pay him up to $108 million.
“This is an organization that always gives us a chance to win, and that is always the main focus here,” Romo said in a statement, per the Fort Worth Star-Telegram. “We haven’t had the type of success that we have all wanted the last few...
Several NFL insiders are now reporting that Tony Romo has signed a franchise record monster deal for 6yrs. Cowboys fans worst fears have now been confirmed. NFL Network Ian Rapoport saying it comes with a record $55 million guaranteed, more than Super Bowl Champ Joe Flacco. We are stuck with Romo and his choke artist ways for years to come. Forget going after a legit quarterback...
Tony Romo and the Dallas Cowboys have agreed on a six-year contract extension worth $108 million, with about half of it guaranteed.
The agreement was reported on the team's website Friday. The deal will lower Romo's salary cap number of $16.8 million for 2013, giving the team more room to sign free agents and draft picks.
Romo, who turns 33 next month and was entering the...
The Dallas Cowboys and quarterback Tony Romo agreed to a 7-year $108 million dollar deal today, according to ESPN.
The deal makes Romo, 32, the highest-paid-played in franchise history. The last six years of the deal, Romo will earn an average of $18 million a year compared to the $16.8 million he will earn in his first year. Romo is guaranteed to earn $55 million dollars this season...
Quarterback Tony Romo of the Dallas Cowboys roped in a six-year contract extension on March 29 worth a total of $108 million. Reports said that he received a bonus signing of $25 million and $55 million of the contract is guaranteed. The new contract will kick in after the completion of the 2013 NFL season. [...]
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The list of Tony Romo detractors has grown over the years and fuel was added to their fire when the Dallas Cowboys franchise quarterback threw an interception in the final minutes of a Week 17 loss last season, ending the Cowboys' hopes of a playoff berth on a poorly thrown ball that landed in the hands of Washington Redskins linebacker Rob Jackson.
But even as the group of...
After using Twitter to express shock and disgust with the deal, Donovan McNabb elaborated on the Dallas Cowboys and embattled quarterback Tony Romo agreeing to a six-year contract extension worth $108 million while working as an analyst for the NFL Network on Friday. “I’m gonna say ‘wow’ again. And the reason I say that is because when you have one playoff win, quarterbacks...
ARLINGTON, TEXAS — Tony Romo has a chance to start for the Dallas Cowboys longer than Roger Staubach or Troy Aikman. The question is whether he will ever match their Super Bowl pedigrees.
Look, Tony Romo is a good quarterback. He isn’t great, he’s good. That being said, he is now the highest paid Dallas Cowboy of all-time. And that’s only because Roger Staubach can’t play anymore. Adam Schefter of ESPN first reported the news on Twitter: Cowboys and Tony Romo reached an agreement on blockbuster 6-year extension that makes him highest paid player in team history...
How much do the Dallas Cowboys value starting quarterback Tony Romo?
Apparently enough to make him the highest-paid player in franchise history.
Romo will reportedly receive a six-year extension worth $108 million, per ESPN’s Adam Shefter.
Included in the 6-2, 230-pound quarterback’s contract extension is $55 million in guaranteed money—the second-most guaranteed money...
Donovan McNaab after the infamous Campbell’s Chunky Soup Binge
In breaking news this afternoon, Donovan McNaab believes that people give a **** about what he has to say, when he took to twitter to gripe about Tony Romo’s contract extension.
Tony Romo 6 yr 55 million dollar extension. Wow really, with one playoff win. You got to be kidding me
— Donovan McNabb (@donovanjmcnabb...