Having two quarterbacks was a good problem for the Cowboys to have during the season, but it's beginning to turn into a bad problem now that the off-season has arrived.
NFL Network's Ian Rapoport tweeted that the Denver Broncos are Romo's preferred destination, but that it might be difficult for the Cowboys to accommodate Romo with a trade.
Cowboys owner Jerry Jones would love to keep Romo on the roster, but general manager Jerry Jones knows it would be crazy to spend more than $24 million — Romo's 2017 cap hit — on a back-up quarterback. The team's window to win is wide open and they must allocate that money elsewhere.
The problem is that other teams likely have the same opinion of the oft-injured 36-year-old quarterback. Romo is among the league's elite players when healthy, but teams might not be willing to take a $24 million gamble on that.
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Rapoport tweeted that sources told him Denver is unlikely to trade for Romo, despite subpar quarterback play contributing to the team's playoff absence.
Releasing Romo would cost the Cowboys more than $10 million against the 2017 salary cap, so the team would prefer to trade him.
Vegas oddsmakers list the New York Jets (3/1) as his most likely landing spot, followed by Denver (4/1), the Cowboys (9/2) and the Arizona Cardinals (5/1).