Mike Klis of 9News, citing multiple sources, reports that Broncos GM John Elway is prepared to pursue QB Tony Romo if/when he’s officially released by the Cowboys.
An agent source tells Klis that the Broncos are actually Romo’s preferred landing spot. However, Denver won’t be the only team in the mix to sign Romo.
One of these teams is expected to be the Texans, but there are some questions about allocating more money to the quarterback position after they spent big money to get Brock Osweiler last year.
Meanwhile, the Broncos have a great defense and are well positioned for him to step in and win games. On top of that, they would be able to pay him a market-value deal. Although, many expect it to include a reasonable base salary to go along with incentives based on performance and playing time.
The Cowboys are expected to make a decision on Romo at some point in the near future.
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.
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