Tony Romo and Dallas Cowboys Reportedly Agree on 6-Year Contract Extension

Tyler Conway@jtylerconwayFeatured ColumnistMarch 29, 2013

It looks as if the Dallas Cowboys have their quarterback of the future, and it's an awfully familiar face.

According to ESPN's Adam Schefter, the Cowboys and quarterback Tony Romo agreed to a six-year extension on Friday:

Adam Schefter @AdamSchefter

Cowboys and Tony Romo reached an agreement on blockbuster 6-year extension that makes him highest paid player in team history, per sources.

According to Schefter, Romo's extension is worth $108 million:

Adam Schefter @AdamSchefter

And here are the numbers: Dallas is giving QB Tony Romo a six-year extension worth $108 million, per sources.

NFL.com's Ian Rapoport says that according to RJ Gonser of Creative Artists Agency, Romo is guaranteed a staggering $55 million:

Ian Rapoport @RapSheet

#Cowboys and Tony Romo strike a deal. Per RJ Gonser of CAA, it's 6-year extension with $55M guaranteed. More than Flacco.

The deal did not come as a huge surprise. Cowboys executive vice president Stephen Jones said on Feb. 12 that re-signing Romo would be a top priority this season, and he has now backed up that statement with a significant financial investment. 

While the story will be the huge check Dallas has given its embattled quarterback, the team also greatly benefits from this deal. Romo's cap figure was $16.82 million for the 2013 season, per Spotrac, and this new contract will drop that total. 

That cap figure loomed large for a Cowboys team still facing penalties stemming from violations in the 2010 season. With plenty of holes to fill on both sides of the ball and plenty of high-priced veterans already locked into long-term deals, Dallas' deal with Romo was a mere formality.

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If we had this conversation last October, though, that decision wouldn't have been so clear. 

Though Romo's overall statistics look strong, his 2012 campaign started out as a nightmare. He trudged through a wildly inconsistent first half of the season, compiling a solid yardage total (2,394) but throwing three more interceptions (13) than touchdowns (10).

Dallas went through the first eight games of 2012 with a 3-5 record, and many wondered whether Romo was still a "franchise quarterback."

Romo's last eight games proved just how valuable he can be at peak form. In leading the Cowboys to a 5-3 finish, he threw for 2,509 yards and 18 touchdowns against just six interceptions, and half of those came in a Week 17 loss to the Washington Redskins.

That loss kept Dallas out of the playoffs for the third consecutive year, an unacceptable feat in Jerry Jones' world.

Nonetheless, Romo's excellence (at least on a statistical level) is undeniable. The Cowboys signal-caller finished as the NFL's sixth-best quarterback in Football Outsiders' DVOA metric, his consecutive season inside the top 10.

Say what you will about Romo, but top-10 quarterbacks don't grow on trees. The Cowboys know this, and on Friday, they decided to reward Romo's top-notch play with a new contract.

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