Mark Sanchez Signs with Cowboys: Latest Contract Details and Reaction

The Denver Broncos released quarterback Mark Sanchez at the Sept. 3 league-mandated cutdown deadline, but it didn't take the veteran signal-caller long to find a new home.  

The Dallas Cowboys announced on Sept. 4 they had signed Sanchez after ESPN's Adam Schefter originally reported the news at the time of Sanchez's release.

Tom Pelissero of USA Today reported Wednesday that Sanchez signed a one-year contract worth $2 million.

The Cowboys will be Sanchez's fourth team in as many years after he suited up for the New York Jets and Philadelphia Eagles before he was dealt to the Broncos. He figures to be installed as Dallas' interim backup quarterback while Tony Romo rehabilitates from his back injury. 

Although the Cowboys have tabbed rookie Dak Prescott as their starter, adding an experienced backup behind him in the event of injury became imperative once Romo went down. 

And while Sanchez has hardly lived up to the top billing bestowed upon top-five draft picks, he's coming off a two-year stint in Philadelphia that saw him complete 64.3 percent of his passes for 3,304 yards, 18 touchdowns and 15 interceptions. 

Sanchez also comes cheap for the Cowboys, which seems like a bargain compared to what the Minnesota Vikings paid the Eagles for Sam Bradford on Saturday, according to ESPN.com's Sheil Kapadia: 

That context makes signing Sanchez easier to digest, and it should give the Cowboys some peace of mind while Romo works his way back to full strength.

Once Romo is at 100 percent and ready to return to his starting position under center, Sanchez shouldn't serve as much more than the third-string quarterback behind the entrenched veteran and the upstart rookie.