Friday, March 29, 2013
Tony Romo officially highest-paid player in Cowboys’ history
The six-year contract extension worth $108 million will likely make Romo a Cowboys player for life.
ARLINGTON Good Friday has turned into a great Friday for Cowboys quarterback Tony Romo.
Romo and the Cowboys have agreed on a six-year contract extension worth $108 million, including $55 million guaranteed, according to a source.
The contract will likely make Romo a Cowboys player for life and provides Dallas with a franchise quarterback through 2019. Romo, 32, will turn 40 years old the April after he plays the last season of his new contract.
Romo becomes the highest-paid player in Cowboys’ history and receives the second-most guaranteed money in NFL history at $55 million. New England quarterback Tom Brady received $57 million guaranteed, and New Orleans Saints quarterback Drew Brees received $55 million guaranteed.
The contract extension will also significantly reduce Romo’s 2013 salary cap hit of $16.8 million, giving the Cowboys more money to possibly sign other free agents in an effort to upgrade their roster.
Romo met one-on-one with Jerry Jones at Valley Ranch 15 minutes ago and signed his record contract. So, it’s official. Romo’s new contract was negotiated by Cowboys executive vice president Stephen Jones and Romo’s agent, R.J. Gonser, at Creative Artists Agency.
Romo receives a $25 million signing bonus and will be paid $57 million over the first three years of his new contract.
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