Tony Romo Net Worth: How Much Money Does He Make Now?

Tony Romo was born on April 21, 1980, making him 42 years old. He was born in San Diego, California, to Ramiro Romo Jr. and Joan Jakubowski. While his father worked at the US Naval Base in Diego, California, where Tony was born, the family soon moved to Burlington, Wisconsin.

His father, Ramiro, worked as a carpenter and construction worker, and his mother was a grocery store clerk. When he took part in basketball sessions after school in elementary school, Tony first developed a liking for the sport. He has had several opportunities at school to enhance his playing abilities.

How Much Net Worth Does Tony Romo Make Each Year?

Former NFL quarterback Tony Romo has a net worth of $70 million. He is currently a TV analyst. Although Romo is best known as the former Dallas Cowboys quarterback, his performance as a broadcaster has earned him the title of “genius commentator.”

Romo spent his first few years in the NFL as a holder until taking over as the Cowboys’ main quarterback in 2006. After that, he became the Cowboys’ pillar of support, and for the following several years, the team had a run of reliable success.

While he was in Dallas, Romo established a lot of records. Examples include games with three or more passing touchdowns, games with 300+ passing yards, and games with the majority of passing touchdowns. Tony had consistently high career passing marks.

However, Tony received a lot of flak for the Cowboys’ divisional-round exit and for losing postseason games. His career passer rating of 97.1 places him best among quarterbacks and retired players who didn’t play in the Super Bowl and fourth all-time.

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Earnings and Salaries in the NFL

An example of a “rags to riches” story is Tony Romo’s salary. Despite being an undrafted free agent in 2003, the Cowboys only paid him $10,000. In the end, Tony earned close to $130 million during his NFL career. That is $40 million more than any other undrafted free agent.

Check out the tweet below:

After going undrafted, the Broncos offered Tony Romo $20,000. The Cowboys topped out at $10,000. Guy went on to make nearly $130 million.

— Darren Rovell (@darrenrovell) April 4, 2017

What Was Tony’s Initial Annual Salary as an NFL Commentator at CBS?

Tony has left the league and now works for CBS as an NFL commentator. Over the course of his first few years in the booth, he earned $4 million annually.

In January 2020, there were rumors that Tony was negotiating to switch from CBS to ESPN in exchange for a deal that would make him the highest-paid sportscaster in history. According to reports, the annual salary is between $14 and $15 million. Romo earned $12 million on his previous three-year contract with CBS.

Tony signed a $180 million contract to stay at CBS starting in February 2020, dispelling rumors that he was moving to ESPN. Thanks to this contract, he earns $17 million a year, making him one of the highest-paid sportscasters ever.

What Led Tony Romo to List His Property for $1.05 Million in 2016?

In 2008, there were rumors that Tony Romo had purchased a modest home in Valley Ranch, Irving, Texas. He paid only $699,000 for the all-black and white house, which he thought was a bargain.

It was widely believed that the NFL star had purchased the home more as an investment than as a place to actually live due to the property’s black tile floors and dubious design decisions. When he listed the 5,551-square-foot home in 2016 for $1.05 million, he made a nice profit on the transaction. See the Instagram post below:

 

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A post shared by Tony Romo (@tony.romo)

How Did Tony Romo’s NFL Career Begin as an Undrafted Player in 2003?

Tony Romo’s NFL career got off to a slow start after being undrafted in 2003. However, it was clear that the Cowboys wanted him, and they signed him as an undrafted rookie before the Broncos did. He started the season as their backup quarterback, and only Quincy Carter’s drug controversy prevented the team from cutting him.

Romo was primarily the team’s placekicker holder from 2004 to 2005. But in 2004, he had a standout performance when he ran for the game-winning touchdown against the Oakland Raiders. Romo rose up the Cowboys’ depth chart in 2005 to take over as their backup quarterback.

He served as Drew Bledsoe’s backup in 2006 and saw some action. Under his leadership, the Cowboys finished the season 6-2, with victory over the Colts and Buccaneers. Following his promotion to starting quarterback in 2007, Romo inked a $67.5 million contract.

Throughout the following ten years, Romo would continue to perform at a high level and garner a great deal of praise. Numerous businesses offered him endorsement contracts as a result of his public appearances; in 2008, for instance, he agreed to a 5-year, $10 million contract with the company Starter.

During this time, he sustained numerous rib and clavicle fractures, lung punctures, disc ruptures, and other injuries. Despite reservations about his postseason performance, Romo agreed to a 6-year, $108 million contract extension with the Cowboys in 2013. He made the decision to leave the NFL in 2017 after 37 seasons.