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. They could try to franchise tag him, and then trade Foles for a draft pick.
Even more so than picking up a mid-round pick for the backup quarterback, franchising Foles would enable the Eagles to trade him outside of the NFC East.
The Eagles have offered no official comment on the reports. That said, with Foles now temporarily a free agent it shouldn't be long before we find out if the Eagles were bluffing about using the $25 million franchise tag on him.
OverTheCap.com had the Eagles at around $18 million over the salary cap prior to Foles declining his option, but that doesn't take into account the roughly $7 million the team saved by re-doing Rodney McLeod's deal.
Nick Foles #9 of the Philadelphia Eagles looks to pass against the Washington Redskins during the first half at FedExField on December 30, 2018 in Landover, Maryland.
"But Foles knows, and his representatives, that this is a business".
Carson Wentz says his personality 'ain't going to change' after reportedly being called out by unnamed teammates
The tag number for next season for a quarterback is expected to be around $25 million.
The Eagles have publicly committed to Carson Wentz as their starting QB moving forward.
Nick Foles' situation with the Philadelphia Eagles will be one of the most-fascinating storylines of the NFL's 2019 offseason.
Or as one National Football League executive indicated Wednesday: "I think Howie is overthinking this". "He's had his ass kissed his whole life, and sometimes acts like he's won 10 Super Bowls, when he hasn't played in, let alone won, a playoff game yet".
In the wake of that report, several Eagles players defended Wentz. His last two regular seasons have ended with injuries, but head coach Doug Pederson confirmed last month that Wentz is "our guy" heading into 2019.