Rapoport says that Romo is viewed as one of the more valuable trade assets, and the Cowboys plan to gauge the market for him with the Chiefs and Bills being two potential trade partners.
If Dallas ends up releasing Romo, Rapoport expects the Broncos to possibly have some interest as long he’s willing to agree to a reduced salary.
Rapoport mentions that the actual deadline to trade Romo is likely to be over the next 30 days or so and before the start of free agency.
While the Chiefs continue to come up as an option for Romo, they’ve said publicly that Alex Smith will be their quarterback next year, so it’s hard to say that they would be willing to part with draft assets in a deal for Romo.
The Bills still need to decide whether to pick Tyrod Taylor‘s option, but bringing in Romo could appeal to them if the new coaching staff has concerns about committing to Taylor moving forward.
There had been some talk that Romo may consider retirement but Adam Schefter recently reported that he has no plans to call it a career.
Romo, 36, is be 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.
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.