Mutual Interest Between Nick Foles, Jaguars

As the Combine winds down, the Jaguars are entering the final pre-free agency week as the unquestioned clubhouse leaders for Nick Foles.

Mutual interest exists between the Super Bowl LII MVP and the Jags, Ian Rapoport of NFL.com notes (video link). Jacksonville was not ready to trade draft capital for Foles, likely because of a limited market for the veteran quarterback, but has been viewed as the favorite since Philadelphia’s tag-and-trade scenario did not come to fruition.

With other teams not nearly as connected to the free agent-to-be, the Jags may be set to receive a discount. They are internally preparing a Foles offer, Jeff McLane of Philly.com notes, and the expectation is they will be able to sign him for a below-market deal (at least, in terms of veteran starters). However, Rapoport expects the deal to be north of what the Broncos gave to Case Keenum last year, envisioning this pact will eclipse $20MM per year.

While any starting-QB-level deal will put the Jags up against the cap, considering they hold the least cap space in the league (current $2MM-plus over the salary ceiling), the team needs a starter. The team’s Blake Bortles extension predictably backfired, and if the Jaguars cut the sixth-year passer and do not designate him as a post-June 1 release, they are going to take a $16MM-plus dead-money hit this year. If Jacksonville does make Bortles a post-June 1 departure, it cannot use any of the funds created from the transaction until June. The team may need the modest $4.5MM in cap savings a Bortles release creates to afford Foles in March.

However, the Jaguars are shopping Malik Jackson and Carlos Hyde, pointing to releases in the event no one wants to take on these contracts. Cuts of Jackson and Hyde would free up nearly $16MM in space. Marcell Dareus was a cap-casualty candidate, but the former top-five pick restructured his deal. The team also picked up Calais Campbell‘s option. This further points to Jackson being the odd man out, a scenario he expected.

Foles was paid better than Keenum as an NFC backup the past two seasons and obviously became one of the most famous backup quarterbacks in NFL history. His non-Philadelphia stays have not produced much, most notably his St. Louis stint leading to Keenum replacing him as the Rams’ starter and Foles considering retirement before joining the Chiefs. But former Eagles QBs coach John DeFilippo is now in Jacksonville as OC. That may give Foles the best opportunity to thrive outside of Philly.

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