Well, that didn’t take long. We learned a few hours ago that the Eagles were planning on picking up Nick Foles‘ $20MM option for next season, and now ESPN’s Adam Schefter is reporting (via Twitter) that the veteran quarterback will void the option and buy his way back to free agency.
Of course, this isn’t a very surprising development, as it had been assumed Foles would pay the $2MM it’d take to become a free agent. However, as our own Sam Robinson detailed earlier, this is likely the start of an extensive ordeal for the two sides. The Eagles are expected to slap Foles with the franchise tag, which the quarterback is then expected to accept. Philly would subsequently shop the former Super Bowl MVP, with the team reportedly seeking a third-rounder in exchange.
Fortunately, we should have some clarity on at least the first step of this process relatively soon. ESPN’s Tim McManus points out (on Twitter) that the window for teams to use the franchise tag is between February 19th and March 5th. Of course, with the Eagles in a precarious cap situation ($13MM over the ceiling), they’d likely want to assure that they have a trade lined up before they make such a financial commitment.
Despite the quarterback’s postseason heroics, the Eagles turned back to Carson Wentz in 2018. However, when the former first-rounder was lost to injury, Foles has another shot at the starting gig. In five games, the 30-year-old completed 72.3-percent of his passes for seven touchdowns and four interceptions.
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