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Trading him would be the same thing as releasing him, financially for the most part.Financial aspects that could also be worked out in a trade to an extent.
There is also the question of what to do at backup QB if we let Romo go. Sanchez obviously can't be trusted to play and who knows what the deal with Moore is.
Someone will come calling for Romo eventually, it's just a matter of whether or not Jerry is willing to trade Romo to a team Tony may not necessarily want to go to because of his emotional attachment to him. I'd send Romo to any damn team if the price was right but I'm sure Jerry views it differently.
But for the crowed that thinks you only save 5 mil in cap space, it's not worth dumping Romo for that, they have no clue how the salary cap works. The cap should never be viewed at from a specific year perspective like that. Money can be pushed from one cap to the next by restructuring and unused free space can be carried from one season to the next.
So even if we only save 5 mil on the cap next year. You need to consider the cap savings in 2018 and 2019 as well. For example right now Romo is scheduled to count 25.2 mil against our cap in 2018. If we cut/trade Romo in the off season that number should be reduced to zero. He is scheduled to count 23.7 in 2019, again that number goes down to zero. So getting rid of Romo doesn't produce a "real cap" savings of 3 mil as someone said earlier on here. That would be a total lack of understanding of the salary cap. In the end the real savings you make against the cap is 54 mil by cutting/trading him.