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Tony Romo: From $10,000 to $67.5 million

The Dallas Cowboys are now back in the franchise QB business. After what seems like an eternity, there is no longer any question who will be lining up under center for the Dallas Cowboys, not just for a season, but for the foreseeable future. The Cowboys franchise went from Don Meredith, to Roger Staubach, to Danny White, to Troy Aikman with very little interruption in between. That run of good planning and good luck was brought to a screeching halt with the retirement of Aikman. The Cowboys stumbled by over-reaching in the draft, by making bad character choices, by trying to get baseball player’s on the cheap, and by hiring guys who were past their prime. All that ends with the agreement to a six-year, $67.5 million deal between Tony Romo and Jerry Jones.

Jerry told us that a deal would get done and he was true to his word. He told us that he wanted to see a little more of Romo this season before ironing out the terms, and he was true to his word. Jerry got this done with relative ease, there were no veiled threats, or harsh words, or bargaining practices that might leave some hurt feelings, there was no need to even think about using the franchise tag at the end of the year. The new Jerry Jones continues his wise management of the Cowboys that started with the hiring of Parcells, and continued with the revamping of the scouting staff, the accumulation of good young talent, the re-signing of that talent when needed, and finally with the hiring of Wade Phillips and Jason Garrett. Now, Jones has locked up the centerpiece of this Cowboys team at what looks to be very reasonable rates.

Forget about the QB position now for the Dallas Cowboys. No need to look at free agency, or worry about drafting anybody, in fact, if everything works out, we won’t be hearing about contracts and the QB position for at least four or five years down the road. And most of all we can forget about the recent past, and know that our QB of the future is Quincy Carter Chad Hutchinson Drew Henson Clint Stoerner Tony Banks Ryan Leaf Anthony Wright Vinny Testaverde Drew Bledsoe Tony Romo.

Here’s what Romo said tonight on a radio show.

"We're just in talks right now," Romo said Monday night on The Cowboys Hour, a weekly radio show on the team's flagship station (KTCK-AM 1310). "We're a lot closer than we've been. There definitely looks like there's a bright future. I'm definitely optimistic. It's a great feeling you have when the organization stands behind you and eventually sign a contract and be the starting quarterback for a long time."

So it’s not officially done yet, but the DMN has three sources saying it’s a done deal.

The Dallas Cowboys have agreed to a contract extension with quarterback Tony Romo, three sources said. A source close to Romo confirmed that the deal was for six years and $67.5 million, with $30 million guaranteed and including an $11.5 million signing bonus.

The DFW S-T breaks down the money this way.

The deal includes $30 million in guaranteed money in the first three years. He will receive an $11.5 million signing bonus and $4.5 million will be added to his 2007 deal to give him a $6 million base salary this season.

Here’s what a few teammates had to say.

"It's a sense of relief that he's got it out of the way," center Andre Gurode said. "Now he can move on with the season. I'm happy he's going to be here for a long time."

Cowboys Pro Bowl tight end Jason Witten has been Romo's closest friend on the team since the two entered the league in 2003.

"He signed for $10,000 and his chances were slim," Witten said. "I told my wife that if anyone deserves that type of money, it's Tony."

"He's the future of the team," [Akin] Ayodele said. "To have him signed, that's important because you want to establish your quarterback who is going to lead you through things and win you championships."

This is a good time to be a Cowboys fan. I leave you with this:

Price of a Carrie Underwood CD: $14.95
Price to sign Tony Romo in 2003: $10,000
Price of a franchise QB: $67.5 million
Winning a Super Bowl: Priceless

0 recs  |  Comment 21 comments

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I think most of us believed

Jerry Jones when he said he would get this done and yes, it is a relief to put this in the rearview mirror and go on with winning the Super Bowl multiple times.

The $30 million guarantee was precisely as I predicted in my diary last week about Tony's insurance policy. If the insurance company was willing to guarantee him $30 million how could Jerry Jones offer less?

There is some added pressure and some pressure relieved I suppose. The added pressure is the fans will give an undrafted free agent lots of love while he makes a few mistakes. A $67 million dollar quarterback on the other hand is expected to play like....well, a 67 million dollar quarterback. The relieved pressure is that he does not have to perform for a contract for a few years and can concentrate only on winning games. I think he has mostly done that already but it never hurts to know your future dates will not be on skid row.

So good job Jerry Jones and good job Coach Parcells and good job Coaches Garrett and Phillips and good job Tony Romo.

I'm going to skip the obligitory joke about $67 million reasons....

by lee3022 on Oct 30, 2007 2:37 AM CDT reply actions   0 recs

This surprises nobody.

I'm just glad Jerry could get a good chunk charged to this years cap.

by FunCowboysFan on Oct 30, 2007 4:42 AM CDT reply actions   0 recs

All I have to say is...

its about time!!!

That talk about the frachise tag was really starting to annoy me. The deal should have been done in camp, but at least Jerry had the sense to get it done before the season was over.

In Romo we Trust

by Terry on Oct 30, 2007 7:21 AM CDT reply actions   0 recs

here's some good stuff

from a Jim Reeves article in the S-T.

This one is really funny.

Hopefully, Romo's new deal includes the standard clause about not messing around with dangerous activities, like motorcycle racing, skiing, sky-diving and hanging out with Britney Spears in the middle of the season.

This is why I love the kid so much.

 He's like a little boy, playing the game he's always loved.

He plays it with a passion, with a reckless abandon that draws us in and brings us to the edge of our seats. Yes, he can be reckless, even careless sometimes, and that's what scared Bill Parcells, but Romo has talent that 90 percent of the quarterbacks in the NFL today can only dream about.

You really can't describe our franchise qb any better than that.

In Romo we Trust

by Terry on Oct 30, 2007 7:32 AM CDT reply actions   0 recs

"Dangerous Activities"?

My sole claim to fame is having played basketball with Romo during the off season. I'm wondering if he won't play pick up anymore... I'll miss his 70% accurate half-court jumpshots and zero defense...

by jmangell0830 on Oct 30, 2007 1:49 PM CDT up reply actions   0 recs

thats cool

so whats his game like? My understanding he's pretty damn good.

In Romo we Trust

by Terry on Oct 30, 2007 2:35 PM CDT up reply actions   0 recs

Top 10% puts Romo

in the top 3 and of course we all know about Peyton and Tom. I am not sure yet that he deserves top 3 but top 10 for sure. The difference - experience. There are a few really good quarterbacks that have more experience. When Romo has a couple more years behind him he may be top 3. When he wins two Super Bowls he will have earned his place in the top 3.

(This post in no way is intended to diminish anyone's hope and respect for Tony Romo).

by lee3022 on Oct 31, 2007 1:44 AM CDT up reply actions   0 recs

If he starts winning SBs, he'll be the best

Romo has only begun starting to realize his emmense potential for greatness. He'll improve each and every year and before you know it, Manning and Brady will be forgotten legends.

As it stands right now, Romo is clearly the 3rd best QB in the game today.

In Romo we Trust

by Terry on Oct 31, 2007 7:30 AM CDT up reply actions   0 recs

optimisitc

No matter what Tony accomplishes I don't think Manning and Brady will be forgotten.  Eclipsed, maybe, but not forgotten

Lifetime Cowboys Fan from the Swamps of Jersey

by Seanrude on Oct 31, 2007 11:03 AM CDT up reply actions   0 recs

my point is that

Manning will no longer be on every commercial known to mankind, instead it will be our boy Tony.

In Romo we Trust

by Terry on Oct 31, 2007 12:18 PM CDT up reply actions   0 recs

Probably right there

You are shunted aside if you are not considered the best. Manning is already at risk from Brady but if he wins another in the next two years he will stay with that image in the public eye and that is where the commercial bucks are. Tony can get there and we all hope that begins this year. He has to learn how to beat the Patriots and the Colts (and Philly Sunday!) to bring home that Lombardi where it belongs.

by lee3022 on Nov 1, 2007 7:06 PM CDT up reply actions   0 recs

Steve Young...

made a good point about Romo's deal--it's pretty much the same money that the Raiders had to give Jamarcus Russell.  (I think his deal was about $31~$32 mil guaranteed, with a max payout of $68 mil.)  In that light, $67.5 mil seems like a bargain.  No knock on Russell, but at least Romo had to play a bit before he got his cash.

by Bama Fats on Oct 30, 2007 7:54 AM CDT reply actions   0 recs

Yep, the Raiders are that stoopid

That much money on a guy who has not only never thrown an NFL pass, but has serious questions about his on-field judgement. Granted he can throw the ball 200 yards on the run, but WTF!

by jmangell0830 on Oct 30, 2007 1:47 PM CDT up reply actions   0 recs

1st overall pick

That's what it costs to sign the first pick in the draft.  And a reason why it's not good to pick first overall, generally speaking.

by grapejoos on Oct 30, 2007 7:14 PM CDT up reply actions   0 recs

Wonder how ESPN feels knowing...

they have a $67,000,000 receptionist.

by ImpactNate on Oct 30, 2007 9:29 AM CDT reply actions   0 recs

lol

by runwabbitrun on Oct 30, 2007 9:47 AM CDT up reply actions   0 recs

Never any doubt

There was never any doubt in my mind that the deal would get done.  Jerry doesn't mind paying the big money for players, and Romo plays the game for the right reason (not money).  As pointed out on Hashmarks:

"As crazy as it sounds, Romo could've held out for more money. But as negotiations heated up late last week, he expressed a desire to finalize a deal."

by bluewolf021 on Oct 30, 2007 9:30 AM CDT reply actions   0 recs

I like the fact
that Tony wasn't looking to break the bank. That leaves more cap room to sign other players and keep good talent. He is talented, good-looking, and the Qb for America's Team. He can make some more money through endorsements no doubt.

Thank you Tony. Now, go get us a few Lombardi's.

by Philosopher on Oct 30, 2007 11:46 AM CDT up reply actions   0 recs

nice that they got part of this in this years cap
Saw somewhere that one benefit to signing now is that some portion of the signing will be absorbed into this years cap.

by mlibbey on Oct 30, 2007 11:55 AM CDT reply actions   0 recs

The $4.5 million

they added to this year's base salary would presumably be part of this year's salary cap number. So you are right - that is over $700 thousand a year for the six years that is available for other players in those years.

The Joneses are smart businessmen and work the angles wherever they can to keep us in some flexibility.

by lee3022 on Oct 31, 2007 1:50 AM CDT up reply actions   0 recs

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