Tony Romo news: Cowboys QB to reportedly retire from NFL, join CBS (updated)

The Cowboys will reportedly release Tony Romo on Tuesday, allowing him to retire and pursue a career in TV broadcasting.

Tony Romo plans to retireand pursue a career in TV broadcasting, according to ESPN's Adam Schefter. Romo and CBShave reached a verbal agreement, according to SportsBusinessDaily.com.

Just a day earlier, Cowboys owner Jerry Jones reportedly told all teams that the quarterback was available via trade. As expected, there wasn't much interest in the 36-year-old veteran. The team plans to release him Tuesdayand he's expected to walk away from football after that, Schefter reported, adding thatthe decision came because of Romo's health.

"I think his ultimate move was a lifestyle choice," Schefter said Tuesday on "Mike & Mike.""This is a quarterback who has had two physically trying seasons in a row."

Romo will still be tied to football, however, as he plans to become a broadcaster. He has interest from major networks such as Fox, CBS and NBC, although Schefter said the quarterback is leaning towardCBS, where he was rumored to be a Phil Simms replacement in the future. Of course, there are already rumors about Romo's possible return to the Cowboys.

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His retirement decision obviously will have a ripple effect throughout the NFL. Many expected the Broncos and Texans to pursue Romo via trade or free agency, and now they have to move on to other options. This could open the door for Jay Cutler or Colin Kaepernick in free agency.

Romo, who turns 37 later this month,played 15 seasons for the Cowboys. He won earned four Pro Bowl berths and was namedsecond-teamAll-Pro in 2014.

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