Despite rumors of a trade, Tony Romo will reportedly be cut by the Cowboys, according to ESPN's Adam Schefter.
Schefter tweeted Saturday that barring a "major upset" the Cowboys will have to release the four-time Pro Bowler.
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Based off multiple people inside league, it would be a major upset if Dallas is able to trade Tony Romo. Cowboys will have to release him.
— Adam Schefter (@AdamSchefter) March 11, 2017
Romo, who is under contract in Dallas through 2019, is likely not in the Cowboys' future plans with Dak Prescott solidified as the team's starting quarterback.
By releasing Romo, the Cowboys would save $5.1 million against the cap. The Texans and Broncos appear to the frontrunners to land the 37-year-old.
Houston made some major cap space this week by sending overpaid quarterback Brock Osweiler, a sixth-round in 2017 and a second-round in 2018 pick to the Cleveland Browns for a fourth-round pick in 2017. The deal clears the way for the Texans to sign Romo.