That's the end of it. No more speculation. It's all over.
The news comes just a day after Cowboys owner and GM Jerry Jones sent a memo to all other 31 teams allowing them to contact and meet with Romo, but only in the interest of facilitating a trade.
As Schefter stated, along with other sources like Mike Klis of 9News, it appears the Cowboys were gearing up to release their longtime quarterback.
It makes sense for Romo, physically at least, to call it quits a year or two too early rather than too late. He appeared in just five games over the last two seasons, battling multiple collarbone injuries and a debilitating back ailment while Dak Prescott assumed control of the Dallas offense in his absence.
As for the Denver Broncos, we'll never really know whether or not they had genuine interest in Romo. After publicly stating that there would be an open competition for the starting quarterback job between Trevor Siemian and Paxton Lynch, that appears to be their only option now, short of drafting a quarterback later this month or digging deep into the free-agent barrel for a veteran passer.
We can now shift our focus onto the two young quarterbacks as they head into OTAs next week, and track their progression through mini-camp and training camp, where the starting job will ultimately be won.
Congrats on an excellent career, Tony Romo. He will, now definitively, never don the orange and blue.