Romo has reached a verbal agreement with CBS to be its No. 1 color commentator — replacing former NFL quarterback Phil Simms — alongside play-by-play veteran Jim Nantz, sources confirmed to ESPN. He also had drawn interest from Fox and NBC. The Sports Business Journal first reported Romo’s agreement with CBS.
The Cowboys are planning to release him Tuesday.
— NFL (@NFL) April 4, 2017
Dallas is expected to designate Romo as a post-June 1 release, softening the blow against the Cowboys’ cap this season. Instead of counting $24.7 million against the cap in 2017, Romo would count $10.7 million this year and $8.9 million in 2018. The Cowboys would gain $14 million in cap space this season, but it would not become available until June 2. The Cowboys will carry $19.6 million in dead money for the 2017 season, $8.9 million in 2018 and $3.2 million in 2019.
Romo’s decision came down to his health, sources close to the situation told ESPN. Romo, who turns 37 on April 21, believes his family and his health are paramount at this time in his life. He was limited to playing in just parts of five games over the past two seasons because of collarbone and back injuries, and he suffered a compression fracture in his back last August that led the way to Dak Prescott‘s emergence.