Comparing Tony Romo's New Deal To Matt Schaub's: The QB Contract Conundrum
But that's the short term. Long term, what exactly have the Cowboys signed up for here? Well, Romo's base salary/cap figure over the life of the deal looks like this (* denotes guaranteed seasons):
* 2013: $1,500,000 / $11,818,833
* 2014: $13,500,000 / $21,773,000
2015: $17,000,000 / $25,273,000
2016: $8,500,000 / $15,135,000
2017: $14,000,000 / $19,000,000
2018: $19,500,000 / $19,500,000
2019: $20,500,000 / $20,500,000
Yikes! Cap friendly in 2013, yes, but holy hell, 2014 and 2015 are killers at over $21 million and $25 million in cap space for a guy who's still a zero when it comes to winning at the highest level.
And just how tied to Romo (and this deal) are the Cowboys? Well, consider the "dead money" that would immediately hit the Cowboys cap in each of these seasons if they release Romo:
So Romo is virtually uncuttable before 2016, and even punting on him as the solution to the Super Bowl puzzle in Dallas in 2016 (when he is turning 36, so not out of the question) would result in a cap hit of over $11 million.
Compare this to the extension that the Texans gave Schaub before the 2012 season (because ultimately, in Houston, one of the only ways to feel good about the Texans' quarterback situation right now is to say, "Well, at least we're not Dallas!"), in the order of base salary/cap hit/"dead money if released" (* denotes guaranteed years):
* 2013: $7,250,000 / 10,750,000 / $21,250,000
2014: $10,000,000 / 14,500,000 / $10,500,000
2015: $12,500,000 / 17,000,000 / $7,000,000
2016: $14,500,000 / 19,000,000 / $3,500,000
Obviously, both teams hope that these deals work out and their quarterback takes them to the promised land, and whichever team is able to do that, practically by definition when it comes to the quarterback position, got the better deal with their guy.
But looking at worst-case scenarios, which team is potentially more saddled with a guy they flat out overpaid? Well, considering the following:
1. Their cap hits in Year 1 (2013) are about the same, and...
2. In Years 2 and 3 of the deals (2014 and 2015), Schaub counts about $7 million and $8 million less respectively in those seasons than Romo against the cap, and...
3. The Texans can eject on the Schaub Experience after this coming season for a whopping $30 million less in "dead money" against the cap than Dallas, and less than it will cost the Cowboys to eject on Romo in 2016, let alone 2014...
Well -- let's say it together, Texan fans -- "WELL, AT LEAST WE'RE NOT DALLAS!"
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