According to Adam Schefter and Todd Archer of ESPN, Tony Romo will retire from the NFL to pursue a career in broadcasting.
This will end at least the Cowboys part in months long speculation concerning Romo as they plan to release Romo from his contract according to Schefter. Prior to today’s news Dallas had been hoping to find a trade partner for Romo and just yesterday had given team’s permission to contact Romo about facilitating a trade. Continue reading Tony Romo To Retire From Football »
Dallas Cowboys cornerback Orlando Scandrick has been suspended for the first four games of the season due to a violation of the NFL’s PED policy. Scandrick had just renegotiated his contract in November of 2013.
As per league policy, Scandrick will now forfeit $670,882 of signing bonus money and $176,471 of his base salary. The lost base salary will immediately come off of the Dallas Cowboys salary cap once the regular season begins while the bonus forfeiture will be credited over the term of his contract.
In many ways Scandrick is lucky by the timing of the suspension. Dallas had restructured Scandrick’s contract in March for salary cap relief, converting $3.375 million of his base salary into a signing bonus. Had the Cowboys not done that he would have lost a total of $1,553,235 rather than the $847,353 he will now lose. Thats a savings of nearly $706,000 due to a simple accounting change.
The suspension will likely void any future guarantees Scandrick has in the contract. Scandrick’s $750,000 base salary in 2014 was fully guaranteed while his $4.5 million total salary in 2015 and 2016 was guaranteed for injury. Those injury guarantees would have vested to full guarantees in March of each league year.
View Orlando Scandrick’s Salary Cap and Contract Page