If there was serious thought about drafting Manziel in the first round, the team would almost certainly have to make Romo a June 1st cut this year. Before you respond, let me go further. By drafting Manziel you are already effectively giving up on making this team competitive with Romo. That means there is very little reason to carry Romo's contract any longer than you have to. You aren't planning on winning this year with Romo, and you wouldn't be next year.
Making Romo a June 1st cut effectively does nothing to this year's salary cap figure, and gives us a 9 million dollar cap hit next year, which would put us about a million over a projected 140 million dollar salary cap, but more importantly it frees up 2016 and 2017 (~20 million per year).
Your logic is faulty saying we need to cut Romo this year as a June 1st cut if we are going to draft Manziel or another QB. Romo's base salary this year is 1m and it is guaranteed. He has already been paid the $$$ for redoing his deal. So all we are talking about is cap money. Also remember that 7.5m of Romo's base was guaranteed for 2015 when he was on the roster after the third business day of the new league year. So using your logic that he would have to be a June 1st cut this year....here is the cap impact....the only thing I am not sure of is if that guaranteed 7.5m of next year's base would accelerate into this year or stay on next year's books. I think it accelerates to this year.
June 1st 2014 cap cut
Current hit = 11.773m, 2015 =27.773m, 2016 = 17.635m, 2017 = 21.5m, 2018 = 22m, 2019 = 20.5
2014 hit with June 1st cut = 1m 2014 sal + 7.5m 2015 sal + 10.773m pro rata bonus = 18.273m + approx $400k to add a bottom salary to cap...so this year's cap would be 6.9m higher. We currently have 5.5m in cap space and have about 2.5-3m that is needed for draft picks so realistically we have about 2.5-3m in cap surplus. We still have Smith and Bryant to renegotiate on...while we can wait till next year....we still would be 3.9 to 4.4m over this year's cap. So that means we have to restructure Witten or Carr, moving more cap into coming years. 2015 hit would be almost 30m, an increase of almost 2.3m. The 2016-2019 figures come off the book. Since Manziel's cap hits would be covered by the 2.5-3m allotted above for draft picks there isn't an increase for him per say. It's perfect because Manuel, a QB was the 16th pick last year and his first year hit was 1.65m and second year will be 2.019m. So we would have over 20.2m in cap space tied up this year by the starting QB in theory, and over 32.0m in 2015.
If the 2015 guaranteed base salary 7.5m doesn't accelerate and just stays on next years cap....it would just move 7.5m from 2014 to 2015. Either way....bad mojo.
Of course, if we cut him now....the other 7.5m of his base salary for next year might hit the books because it is guaranteed for injury. If we are cutting Romo now, almost impossible to prove that it isn't due to injury. Doubly bad mojo.
The alternative of drafting Manziel(or another QB) would be to keep Romo this year and then cut next year as a June 1st cut but it has to be within 3 day of the new league year or 7.5m of his 2016 salary gets guaranteed.
So in theory we would be keeping Romo's 11.773m hit this year(only 1m is actual cash being paid out) plus adding the Manziel first year cap number of about 1.65m for a net of about 12.4m tied up at QB.
Make the June 1st cut within the 3 days in 2015 and the numbers are:
Current: 2015 =27.773m, 2016 = 17.635m, 2017 = 21.5m, 2018 = 22m, 2019 = 20.5
June 1st cut 2015 - 7.5m guar salary + 10.773m pro rata SB = cap savings of 9.5m, 2016 cap 19.135m (a 1.5m increase in cap hit) 2017-19 gone.
So long story short......if we are thinking of drafting QB....you do it now, keep Romo this year (only costs 1m in real money as he already got the money for restructuring), make him a June 1st cut next year but complete it within first 3 days of league year. It is the best way to spread the money, give Romo a year to win and Manziel (or whoever the QB is) a year to learn.
It doesn't have to be a first round QB....any QB you think could come in and be ready to play in 2015...whether it be Manziel, Bridgewater, Carr, Murray, Garrapalo or anyone else likely to be picked in first 3 rounds.