Cowboys Give Teams Permission To Contact Tony Romo About Trade, DEN & HOU Not Interested

Update:

Ian Rapoport reports that neither the Broncos nor the Texans are willing to trade for Cowboys QB Tony Romo, despite Jerry Jones giving all teams permission to speak with and work out Romo to facilitate a trade.

• Ed Werder reports that NFL teams are skeptical about Jones giving them permission to meet with and discuss a potential trade involving Romo, as doing so would confirm they have trade interest in him and only delay his release even longer.

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Mike Garafolo of NFL Media reports that Cowboys owner Jerry Jones notified all 32 NFL general managers that they will be permitted to contact Tony Romo or his agent to schedule a workout, visit or physical.

• Garafolo adds that the Cowboys informed clubs they are “limited to conversations concerning (Romo’s) 2017-19 NFL player contract” to facilitate a trade.

This is just the next step in the Cowboys trying to find a team willing to part with some draft compensation for Romo.

Ian Rapoport recently reported that this situation “isn’t ending anytime soon” and could continue past this year’s draft.

At the start of free agency, reports mentioned that the Cowboys were prepared to release him. However, things changed and Dallas is now holding out for a potential trade.

The Texans and Broncos appear to be the only realistic landing spots for Romo, but neither team has shown any interest in trading for Romo. If Romo’s contract were more in line with his market value, there’s at least a chance that Dallas could recoup a late-round pick for him.

The more likely scenario remains that the Cowboys will hold out for a draft pick but eventually designate him as a post-June 1 release.

Romo is being courted by FOX and CBS to join their broadcasting team, so retirement could still be an option for him, depending on how things play out in the next month or so.

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 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.