Romo reportedly has interest from CBS, Fox and NBC with one prior report saying that he could take over for Phil Simms if he decides to join CBS.
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.
Ultimately, Romo’s decision to walk away came down to his health and his family.
Thr Broncos and Texans have been linked to Romo as potential landing spots for months now, but it appears they’ll be looking for help at quarterback elsewhere or sticking with their current options.
For what it’s worth, Jane Slater reports that while Romo is retiring, he would consider returning to the NFL if the Cowboys ever needed him.
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.
We’ll have more regarding Romo as the news is available.