The Sports Business Journal is reporting that Tony Romo will join Jim Nance and the CBS broadcast team for the 2017 season and replace Phil Simms as their top analyst.
Earlier this morning, news broke that Romo was going to retire from the NFL and take a broadcasting position with one of the top networks.
Romo reportedly had interest from FOX and NBC as well, but Ian Rapoport mentions that the CBS job was the most attractive to Romo, given that he would be a part of their No. 1 team and could also cover golf.
Previous reports mentioned that FOX was offering Romo the opportunity to replace John Lynch, who agreed to become the 49ers’ new GM. However, Romo wouldn’t be doing the marquee games with Troy Aikman and Joe Buck in place as FOX’s No. 1 tandem.
While Romo is expected to move on to a new career, some have wondered if the possibility still exists that he could return to the NFL and rejoin the Cowboys if he was needed.
According to ESPN, the Cowboys are expected to designate Romo as a post-June 1 release, which would help their cap situation some. This move would create $14 million of available cap space that would be available on June 2.
Romo, 36, was entering the fourth year of his seven-year, $119.5 million contract that included $55 million guaranteed. He stands to make base salaries of $14 million (2017), $19.5 million (2018) and $20.5 million (2019).
According to OverTheCap.com, releasing Romo as a post-June 1 release will free up $14 million in available cap space while creating a staggering $10.7 million in dead money.
In 2016, Romo appeared in one game and completed three of four passing attempts for 29 yards and a touchdown for the Cowboys.