Tony Romo $108 million, NFL.com's Ian Rapoport reported Friday that the Cowboys and Romo agreed to a six-year, $108 million contract extension with $55 million in guarantees and a $25 million signing bonus, according to the quarterback's agent, RJ Gonser.
The extension goes into effect after the 2013 season, when Romo earns $11.5 million, essentially giving him a seven-year, $119.5 million contract through 2019.
The deal makes Romo the highest-paid player in Cowboys history and tops the $52 million in guarantees that Joe Flacco received from the Baltimore Ravens as part of his six-year, $120.6 million pact.
The Cowboys officially announced Romo's signing Friday night, with team owner Jerry Jones saying in a statement: "We are very confident in this investment and commitment." Added Romo: "Our goal is the Super Bowl, and I am determined and honored to be the guy in this position to help our team do that."
Romo's new contract also gives the Cowboys more salary-cap room, which was an issue earlier this week when the team tried to sign free agents. According to NFL.com's Albert Breer, Romo's previous cap number was $16,818,835. With a $1.5 million base salary for 2013, $5 million prorated off his $25 million signing bonus and $5,818,835 due in dead money prorated off the old deal, Romo's new 2013 cap number is $11,818,835. So Dallas saves exactly $5 million on the cap.
The Cowboys had been talking with Romo's camp on and off after hoping to sign the 32-year-old quarterback to an extension last summer.
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