Starting early Tuesday morning, numerous reports from around the NFL landscape indicated Romo’s intention to retire from playing and enter into NFL broadcasting. Regardless of his future plans, the Cowboys still opted to make him a post-June 1 cut from their roster – mainly as a bookkeeping measure.
If Romo had filed his retirement papers while still on the Cowboys’ roster, he would have cost the club $19.6 million toward their salary cap in 2017. By releasing him prior to retirement, the Cowboys can split that charge over the next two seasons. He will now cost $10.7 million against the salary cap in 2017 and $8.9 million in 2018.
The June 1 designation will save the Cowboys $14 million this year – though those funds won’t become available until June 2.