It took a little while, but the complete and official numbers are in on the contract signed by Cowboys quarterback Tony Romo.
Per a source with knowledge of the deal, Romo received a $25 million signing bonus. But that payment includes $10 million of the $11.5 million he already was due to earn in 2013, which pushes his base salary down to $1.5 million.
In addition to the total cash payment of $26.5 million in 2013, Romo will receive $13.5 million in fully guaranteed money in 2014. That’s a two-year haul of $40 million.
His 2015 salary of $17 million has $15 million guaranteed for injury now; half of that becomes fully guaranteed in 2014, and the other half becomes fully guaranteed in 2015. That results in a total guarantee of $55 million, with $40 million fully guaranteed, for now.
The remaining base salaries are $8.5 million in 2016, $14 million in 2017, $19.5 million in 2018, and $20.5 million in 2019.
The cap numbers are $11.8 million in 2013, $21.7 million in 2014, $25.2 million in 2015, $15.135 million in 2016, $19 million in 2017, $19.5 million in 2018, and $20.5 million in 2019.
The final two years appear to be the “fluff” years that Romo may or may not ever realize, and that help drive up the total average by paying out $20 million per season. As a practical matter, it’ll likely be a four-year, $65.5 million deal or at most a five-year, $79.5 million contract.
A restructuring seems possible if not likely in 2015, when Romo’s cap number shoots to $25.2 million. It’s also possible that owner Jerry Jones believes the new TV deals will cause the salary cap to spike that year, even though the league and NFLPA have been bracing for an ongoing “smoothing” of the spending limit.