Romo is under contract with the Dallas Cowboys. Until he gets cut, this is true. That's why Houston would obtain Romo's rights with a trade, just as Cleveland obtained Osweiler's rights with a trade. Osweiler didn't decide to be a Brown. In fact, he wasn't told until after it happened. To obtain Romo's rights prior to his being cut, Houston would have to give Dallas something of value, hence the draft pick. If that were to happen, Romo would be a Texan.
Would Dallas prefer to get something of value for trading Romo or nothing of value by cutting him? I'm sure the Texans would rather wait out the Cowboys but if they do it and either Romo is never cut or Romo is cut but doesn't sign with Houston, there's a black hole the size of NRG Stadium left at QB and very few viable options available to fix it.
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