Free agent quarterback Nick Foles agreed to a four-year deal with the Jacksonville Jaguars worth as much as $102 million, NFL Network reported.
The deal, per multiple reports, has a base of $88 million over four years plus incentives.
Foles was allowed to enter free agency by the Philadelphia Eagles after coming off the bench to guide the team to the playoffs in back-to-back seasons.
Foles was Super Bowl MVP two years ago and took over for Carson Wentz down the stretch again in 2018, when a back injury ended Carson Wentz’s season, and pushed Philadelphia into a divisional playoff matchup at New Orleans.
Eagles general manager Howie Roseman announced at the NFL Scouting Combine that Foles “deserves to lead a team.”
“We had conversations at the end of the season, and he knew where I stood and how I felt about him,” Eagles head coach Doug Pederson said. “Obviously, he’s a big part of our success the past two years. It’s an opportunity now for him to become a starter, and I’m excited for him to do that.”
Wentz was out during the Super Bowl run recovering from reconstructive knee surgery and last season missed the final month of the regular season, and two playoff games, with a fracture in his back. Wentz is expected to make a full recovery and return as the starter in 2019.
Financials would have been a major challenge for Roseman had the Eagles opted to franchise and trade Foles. Because of the value of the one-year tender, the Eagles first must have displayed to the league the salary-cap space to use the tag. In Foles’ case, more than $21 million was required to be shed in the form of restructured contracts or releasing players with hefty cap hits.
The Jaguars have to decide what to do with Blake Bortles, a first-round pick in 2014 who hasn’t developed into a consistent starter.
Jacksonville opted to sign Bortles to a three-year contract last year but went 3-9 as a starter and was benched for Cody Kessler.
Foles, 30, has 68 touchdowns and 33 interceptions in 54 career games.
–Field Level Media