Tony Romo and Greg Olsen. Image via Getty ImagesTony Romo's future at CBS is suddenly in question after the network announced Friday that its lead NFL analyst would step away "until further notice" following an OWI arrest in Wisconsin. J.J. Watt, CBS's No. 2 analyst, has already moved into the top booth alongside Jim Nantz.The speed of that shift has fueled speculation that CBS sees more than a temporary fix. With $72 million still owed to Romo, the network faces a costly choice between paying him out, settling, or fighting to terminate the deal for cause.What's going on with NFL analyst Tony Romo at CBS?Tony Romo. Image via: Getty ImagesTony Romo signed a 10-year, $18-million-a-year deal with CBS in 2020, a contract that reset the market for top NFL analysts. Four years remain, worth $72 million total. CBS could attempt to terminate the deal for cause and owe Romo nothing, but that route risks a legal fight. A settlement, potentially around $36 million, is seen as the more realistic outcome if the split becomes permanent.Watt's rapid promotion has led some media observers to read the move as more than a stopgap. Whether Romo's absence proves temporary or permanent now hinges largely on how CBS wants to handle both his contract and its own broadcast product going forward.Greg Olsen could be Tony Romo's successorGreg Olsen. Image via: Brian Westerholt/ APAccording to John Ourand's Varsity newsletter for Puck, Watt and Greg Olsen stand out as the two names CBS could turn to long-term if it moves on from Romo. Olsen has the flexibility to leave his current Fox deal if offered a top analyst chair elsewhere, having already lost Fox's lead role to Tom Brady.Olsen's résumé backs up the buzz. He has won three Emmys, and he beat out Brady for Outstanding Personality/Event Analyst earlier this year. That combination of availability and pedigree makes him one of the most logical candidates if CBS decides Watt alone isn't the long-term answer.3 potential landing spots for Tony RomoNetflix is building out its NFL package through the 2029-30 season, airing four marquee games a year. The streamer has so far leaned on borrowed or lower-profile talent, including Luke Kuechly for its Week 1 broadcast. A name like Romo's would immediately raise the profile of those broadcasts.Prime Video's Thursday Night Football booth may open up soon, with Al Michaels, 81, on a year-to-year deal and Kirk Herbstreit's contract expiring after this season. Romo would face competition for the job, notably from Olsen, who has long been linked to it.Fox's studio show is another plausible fit. Fox airs more Cowboys games than any other network, and 77-year-old Terry Bradshaw won't anchor the panel forever. Romo would slot naturally into the network's history of star-power studio panelists.Cowboys owner Jerry Jones has already made his position known. "I love him. I love what he's about. I love his character," Jones said, adding that Romo's ability to handle adversity has defined his career on and off the field. Jones's influence around the league could become a real factor if CBS moves toward a permanent break, turning Romo's situation into as much a power question as a broadcasting one.