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Will The Cowboys Restructure Tony Romo's Contract Again?

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The Cowboys face the decision of restructuring Tony Romo's contract, again.

Kirby Lee-USA TODAY Sports

On the one hand, we are seeing reports that the Dallas Cowboys will once again restructure Tony Romo's contract, saving themselves some cap room today, only to pay the price down the road.

The Dallas Cowboys are expected to restructure quarterback Tony Romo's contract this offseason in an effort to create more salary cap space, according to the Fort Worth Star-Telegram. Romo signed a six-year, $108 million contract two years ago, with $55 million guaranteed. The Cowboys hope to restructure his deal for a second consecutive year, converting most of his $17 million base salary into a bonus to prorate the cap hit over the remaining years. Romo's cap number for 2015 is $27.7 million. Last year, the Cowboys created about $10 million in cap space by restructuring his contract.

Just how much could they save in cap space by restructuring?

Romo has the NFL's highest 2015 cap hit at $27.773 million. But the Cowboys can create $12.8 million of cap room by converting $16 million of Romo's $17 million base salary into a signing bonus.

The Cowboys could also re-work some other contracts like Tyron Smith, and they could make decisions with regards to players like Brandon Carr. In essence, the Cowboys could create a ton of cap room, enough that they could afford both Dez Bryant and DeMarco Murray if they wanted to. But, eventually they would end up in a place like this past offseason. Sooner or later, with all the restructuring, you have to pay the bill.

So on the other hand, Stephen Jones isn't so sure about restructuring Romo's contract.

"Obviously you don't like to mortgage your future if you can help it," Jones said Wednesday at the Senior Bowl. "We started making the move toward being a younger team and going a different direction in terms of pushing money out, so we'd prefer not to do that, but at the same time every situation has ramifications and you have to make tough decisions sometimes.

"I don't think there's an exact science, ‘Hey, we're going to do it or not do it.'"

The Cowboys basically have to decide one thing, then work their strategies from there. Are they going to go all in with the remaining years of Romo's health and quality play? Are they going to surround him with the best they can for the next four or so years in a shot to win the Super Bowl, and worry about salary cap hell later? Or will they try to walk the line of financial responsibility while also trying get a championship?

Just how will a Romo restructure affect the salary cap?

Restructuring his contract again this offseason would increase his next four cap hits by $4 million apiece, making 2016's cap hit $21.6 million, 2017 at $25.5 million, 2018 at $26 million and 2019 at $24.5 million.

So BTB, what would you do?