Due over a $17 million cap hit for 2013, it seems a lock for Romo to lead the Cowboys next year. But at 32-years-old, the quarterback's days in Dallas should start to dwindle if this franchise wants to make a smooth transition into the next era and return to the playoffs.
No one can question Romo's passion for the game or his regular-season accolades. But his postseason record since taking over Dallas in 2005 is non-existent and far from living up to the expectations of owner Jerry Jones.
Romo has led the Cowboys to the playoffs in just three of his eight seasons under center. And with a 1-3 record in those appearances, he simply isn't getting the job done.
The Cowboys are perennially considered one of the more talented teams in the NFL. Execution on the football field, however, has negated the potential that Dallas has possessed over the years.
Will the Cowboys make the playoffs again with Romo under center?
Though many areas are at fault—this year, a porous offensive line perhaps—the one, glaring constant has been Romo. And though he has shown to be elite at times, the quarterback is 1-7 in win-or-go-home games in his career and has failed to consistently prove his worth when it matters the most.
Romo's experiences in this league, however, could serve as a useful tool to usher in a younger quarterback, should the Cowboys go that route in the draft.
While there may not be another Andrew Luck or Robert Griffin III this time around, there is certainly enough above average talent to find the next Russell Wilson.
Ironically, these three rookies have led their respective teams into the playoffs this year.
Romo will be the quarterback for the Cowboys in 2013. But if Dallas wants to usher in a new era under center, that transition starts with next April's draft.
Follow Jeremy on Twitter @KCPopFlyBoy.