IRVING, Texas — Dallas Cowboys owner Jerry Jones pledged last week that fans should “stay tuned” on news of a long-term deal for quarterback Tony Romo.
The deal is done as of Friday afternoon, to the tune of Romo being given a six-year, $108 million contract extension.
The deal makes will make Romo the highest paid player in Cowboys history.
“He is going to have high expectations,” Jones had said. “He is not going to be paid to be a bus driver.”
The deal likely includes $55 million in guaranteed money.
DallasCowboys.com reported that the deal pays Romo more than $17 million per season, putting him just outside the top five highest paid quarterbacks in the NFL.
Most immediately, the deal is important to Dallas gaining cap flexibility. The plan was to knock down Romo’s $16.8 million salary-cap figure by as much as half in order to allow the Cowboys to make other moves in free agency.
Both sides engaged in talks last summer but tabled them until this offseason.
That order of business is now done. Next comes ways to use the available money … and most important, after that comes ways for the three-time Pro Bowler Romo to earn his “non-bus-driver money’’ by helping Dallas to the postseason.