Tony Romo expected to get massive raise from CBS, report says

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CBS will do what it can to make sure it keeps Tony Romo.

After the former Cowboys quarterback’s performance as an analyst during the AFC Championship, CBS will be working out a contract extension to keep Romo with the network, the New York Post reported, citing unidentified sources.

Romo’s contract with CBS is up after next season, and if CBS doesn’t lock him down with an extension Romo would be a free agent. CBS has the right to match any other network’s offer should someone try to lure him away, according to the Post.

At the moment, Romo makes $4 million annually, but that number could increase significantly, depending on the demand for his services. His payday also could depend on how he does working the Super Bowl on Feb. 3.

For comparison, Jon Gruden made $6.5 million with ESPN and John Madden reportedly made $8 million in his prime in the early 1990s. Madden’s paycheck is considered a huge outlier, but if Romo gives another strong, high-profile performance at the Super Bowl, there is speculation that he could be offered a contract in that ballpark.

At the moment, Fox has Troy Aikman is its lead analyst and NBC has Cris Collingsworth, while ESPN’s “Monday Night Football” crew includes Jason Witten and Booger McFarland. With that in mind and CBS preparing to offer a pay increase, it would be surprising to see Romo move on to another network at this point.