REPORT: Nick Foles Buys Himself Out Of His Eagles Contract, Will Likely Be A Free Agent
Nick Foles is likely headed to the free agency market.
According to Ian Rapoport on Tuesday night, Nick Foles is buying himself out of his Eagles contract for the price of $2 million after the team exercised their option on him. He will now become a free agent, unless Philadelphia hits him with the franchise tag at a cost of $25 million. That is not likely to happen. (SLIDESHOW: These Are The Greatest Women On Instagram)
Sources: #Eagles QB Nick Foles is, in fact, buying back his freedom for $2M, voiding the new and final year of his contract. Now, he’s a free agent… unless Philly hits him with the roughly $25M franchise tag.
— Ian Rapoport (@RapSheet) February 6, 2019
The great news for Foles is that he’s bound to make some serious cash in free agency, and he’s earned it. He led the Eagles to a Super Bowl win over the Patriots in 2018, and he took them back to the postseason in 2019. (RELATED: Eagles Teammates Say Carson Wentz Is ‘Selfish’)
I think it’s more than fair to assume that somebody won’t hesitate at all to bust open the bank for him.
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I also highly doubt we’re going to see the Eagles use the franchise tag on him. There’s just no way they’re keeping Carson Wentz and then paying Nick Foles $25 million to ride the bench.
That’s simply not going to happen. They could try to franchise tag him, and then trade Foles for a draft pick. That’s the only reasonable scenario, but I still don’t see that playing out.
In my opinion, Foles is going to sign a nice free agency deal, and he’ll have earned every penny.