John McClain of the Houston Chronicle, citing two people familiar with the situation, reports that the Texans won’t trade for Cowboys QB Tony Romo, but plan to pursue him if/when he’s released by Dallas.
All indications were that the Cowboys would be releasing Romo on Thursday. However, Chris Mortensen surprisingly reported that the Cowboys were now looking to trade Romo to Broncos or Texans.
Reports have since downplayed any interest from the Broncos and Texans in regards to a Romo trade, which implies that the Cowboys are trying to drum up some trade interest before they’re forced to designate him as a post-June 1 release.
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.
At this point, it’s pretty clear that the Texans and Broncos are the two teams in the mix for Romo, especially now that the Texans have traded Brock Osweiler to the Browns.
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).
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 a potential trade involving Romo as the news is available.