Report: Cowboys likely to restructure Tony Romo's contract

The Dallas Cowboys are expected to restructure Tony Romo's contract at some point during the offseason to create more cap space, Drew Davison of the Fort Worth Star-Telegram reports.

The 34-year-old quarterback is scheduled to earn $17 million in 2015 with a cap hit of $27.7 million. Davison speculates that the Cowboys will likely convert Romo's base salary into a signing bonus to free up cap space. 

"We all realize that anything you push forward that if you don't use it it'll cost you cap space that you could use for other players," Cowboys owner Jerry Jones said during the Senior Bowl. "On an older player, the farther you put it out in the future the less likely you are to use it. That's the point. That is the trick.

"On the other hand, the effort is to right now put together the best value we can using those dollars and that's the art of the deal. I will tell you when I look at Tony I certainly do see four or five more years, so nothing scares me four or five years out."

Jones also stressed the importance of surrounding Romo with skilled players.

"This was carefully thought out when we made our agreement with Tony," he said. "We knew that as we moved along there will be reallocation is the best way to say it with his salary, moving it around so that at a given time we could put the best group together with his supporting cast."