Report: Dallas Cowboys To Release Tony Romo On Thursday

Tony Romo will soon be free to sign with whomever he pleases.

Earlier this week, we heard rumblings that Tony Romo's agent Jimmy Sexton had formally asked the Dallas Cowboys to release him, so that he could be free to negotiate with teams on Tuesday. The Cowboys, however, have chosen to wait until Thursday, the first day of the new league year, to allow a June 1 designation, which will save the team millions in dead money on their salary cap.

Based on everything we'd heard, and what was being reported, all signs pointed to Dallas eventually releasing Romo on Thursday. NFL insider Adam Schefter confirmed it Wednesday.

https://twitter.com/AdamSchefter/status/839549138152931328

Tony Romo will be unrestricted when free agency officially opens tomorrow. The Denver Broncos will pursue Romo hard. The biggest factor keeping Romo-to-Denver from being a foregone conclusion is the interest of the Houston Texans

Although they recently guaranteed Brock Osweiler $37 million, they might be willing to offer Romo more money than the Broncos. We know that as much as Denver likes Romo, they're not going to over-pay for the 36-year-old's services. 

http://www.scout.com/nfl/broncos/story/1760703-denver-broncos-free-agenc... If Romo lands in Denver — it is his preferred destination — it'll be on a deal that recognizes his talent and accomplishments, but also protects the Broncos against injury. Romo hasn't played a full 16-game season since 2012 and has shown alarming signs of being injury prone over the last few years. 

With how much he likes to scramble and break the pocket, Romo is most literally a walking liability. His back and collarbone issues make him very high risk to the Broncos, or any prospective team. 

Look for Denver to offer him somewhere around $8-10 million to sign, with incentives and escalators for playing time that could put the value of his overall contract around $14 million. . 

Chad Jensen is the Publisher of Mile High Huddle. You can find him on Twitter @ChadNJensen.

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