However, if the cost to sign Romo ends up being around $13 million annually, Klis mentions that Denver may not be able to compete with the other teams in the mix for him.
If Romo is willing to play for a “few million dollars less” to try to make a run at a Super Bowl, then the Broncos could end up being a real possibility for him.
Klis says that by bringing Romo in, it would be a clear indication that John Elway believes former first-round pick Paxton Lynch isn’t ready to run the team.
It is worth mentioning that Cowboys owner Jerry Jones said on Saturday that he has yet to speak with Romo regarding his future with the team.
Earlier this week Charles Robinson of Yahoo Sports reported that Romo is expected to have an answer from the Cowboys by the end of the Combine.
Robinson’s sources added that Romo spoke with Jones after the Super Bowl and indicated that he wants to be a starting quarterback in the NFL next season.
According to Robinson, Romo prefers to be released by the Cowboys and the ideal situation for him would be to have as much time as possible to speak with interested teams before the start of free agency.
Romo, 36, is 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 or trading Romo would free up $5.1 million in available cap space while creating a staggering $19.6 million in dead money, which figures to be a huge consideration for the Cowboys.
The Cowboys could improve those figures to $14 million of cap savings and $10.7 million of dead money if they were to designate him as a post-June 1 release.
In 2016, Romo appeared in one game and completed three of four passing attempts for 29 yards and a touchdown for the Cowboys.
We’ll have more regarding Romo as the news is available.