After the team converts $12.5 million of Romo's $13.5 million base salary into a signing bonus, the Cowboys will be less than $1 million over the salary cap. Romo signed a six-year extension last year that was worth $108 million with $55 million guaranteed.
The team also restructured the contracts of linebacker Sean Lee and defensive back Orlando Scandrick to create $6.8 million in cap space.
If the Cowboys want to create more space, they could part ways with defensive end DeMarcus Ware or wide receiver Miles Austin. The team would save $7.4 million by releasing Ware and $5.5 million by cutting Austin. Of the two, it would seem more likely that Austin gets released.