Report: Nick Foles informing Eagles he is voiding option

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Well, that didn’t take long.

Not long after a report came out that the Eagles have informed Nick Foles they are exercising the $20 million option on his contract comes word that the quarterback is informing the Eagles he is voiding the option, Adam Schefter of ESPN reports.

Both moves were expected, with Foles paying the team $2 million to buy back his freedom.

The Eagles now can place the franchise tag on the backup quarterback in hopes of trading him. The franchise tag for quarterbacks is expected to be around $25 million for next season, with the window for use of the tag opening Feb. 19.

Foles must sign the tag for the Eagles to trade him.

The price for Foles is expected to be around the third round, Schefter reports.

By placing the franchise tag on Foles and seeking a trade, the Eagles control where Foles ends up. The Giants and Washington both likely enter the offseason in the market for a quarterback. So Philadelphia can keep Foles from ending up with an NFC East rival.

118 responses to “Report: Nick Foles informing Eagles he is voiding option

  1. Franchise tag? For a backup? Bu definition the backup can not be your FRANCHISE…..that’s the rule that needs to change.

  2. Nick Foles get his money but if you know anything about the man that is not his number one motivation. God first! I expect The Eagles to franchise him but where I differ with Schefter is the compensation. I believe it will be a high 2nd and a serviceable player.

  3. The second coming of Cousins. Foles may have won a Super Bowl, but he is a middle of the pack NFL quarterback, as his record shows. Not that that would prevent some team from grossly overpaying for him.

  4. So instead of getting the 20 mil, he buys his freedom for 2 mil gets franchised and they have to pay him 25 million? That’s better than flipping houses.

  5. Wentz should go and Foles stay. OR He could come to Minnesota and them shop mr Happy feet Cousins! What a screw-up by Spielman.

  6. Nick Foles’ agent should inform the Eagles and the public that if the Eagles attempt to franchise tag Foles that a grievance will be filed via the NFLPA. The franchise tag is by CBA agreement a procedure that allows a team more time to sign the player to a long term contract. The Eagles have NO intention of signing Nick to a long term deal. They have publicly stated that Wentz is the starter and at least thru 3rd parties have indicated they want to get a 3rd round pick for Nick. They have undermined their own position. This will be an easy decision for an arbiter.

    He has earned the right to be free of the Eagles. His contract had a 2nd year team option which they used. He has the right of a buyout which he will activate. They shouldn’t be allowed to then franchise tag him given that alone.

    Why would any team give up a pick knowing he could be had without giving up a valuable draft pick? Hope he wins this business game!

  7. Only an extra $3M to use the tag (assuming there are no better candidates) but $25M is a lot for a QB who looked decent then looked pretty bad before finally excelling in a TEMPORARY role. A trade may not be there and if a team thinks he MIGHT be helpful they just need to wait a year and force the Eagles to either pay their backup $25M or trade their young franchise QB. IMHO tagging Foles without a prior agreement on a trade by a team they want would be unwise.

  8. You can’t keep both, Id trade wentz. He can’t seem to stay on the field, injury prone and unproven?

  9. Are teams going to trade a 3rd for Foles, who will start his contract negotiations at the franchise tag price(25+M). Also, the average cap hit of the top 5 QBs in 2018 was 27.4M thanks to Jimmy G. Does that mean the 2019 Franchise tag is 27.4M?

    Seems like a pretty big gamble to Franchise Nick Foles, when the eagles already have 2019 cap problems.

  10. I would be pissed if my team got rid of a SB MVP QB who also played pretty well this season into the playoffs. And they’re keeping a guy who was injured for all of their most important game in the last two years?

    Philly?

    Hello?

  11. Foles has been a tad too inconsistent over his career to be a sure franchiser (hence several trades/cuts) and is now 30, but until Wentz can demonstrate a 16 game season, its not wise to trade Foles unless you’ve a draftee you love.

  12. Well that escalated quickly. Love Nick Foles but comon man, the Eagles have done right by you every step of the way the last two years. Guess the hope that he would work with the Eagles to trade him to a team of his choice is out the door. In the end Money means more than relationships. Good Luck Nick

  13. “The price for Foles is expected to be around the third round, Schefter reports.”
    ______________

    I would’ve thought they’d ask for no lower than a 2nd round pick for him. Unless of course the 3rd round price is to attract more potential suitors thereby creating more competition for his services. That would certainly give Philly more leverage at the bargaining table to squeeze a 1st rounder out of somebody

  14. What if he signs the franchise tag and nobody trades for him? The rest of the league could put Philly in salary cap hell for the season and eliminate them from contention before the season starts.

  15. Teams sometimes have to make tough personnel decisions. Obviously the Eagles cannot possibly keep 2 quarterbacks who will both make over $20 million per year.

  16. I would suggest any team considering trading for Nick Foles watch the first two games of the 2018 regular season and not just the games at the end of the season. Or, for that matter, any game in the 2014 or 2015 seasons.

  17. This is all a joke. Nick Foles is a system QB. He was selling cars when he got a call. Wherever he goes he will not bring the same result. Let him go. Get what you can Philly. Once he leaves he will be Blake Bortles Jr.

  18. Keep Foles. The best QB from the 2016 Draft was Dak anyways. Then Goff then maybe you can argue Wentz. Forget those picks you traded. You got a superbowl out of it. That should hold ya up for another 60 years till your next one.

  19. Well that didn’t take long…the Iggles are regressing back to the 50+ year Championship drought form they were accustomed to…

    First bench, then get rid of their one and only Superbowl MVP QB…Brilliant…

  20. So for the Eagles to make it work, they have to tag Foles and trade a $25m 1 year contract? Will teams really go for that? Obviously, when you trade for a tagged player, you are presuming you can get a long term deal done. Foles will want $25m for year one plus what 10, 15, 20m for year 2? Think other teams will shell out $35-45 million for Foles over 2 years?

    I suppose it is a quarterback-driven league. What do you guys think?

  21. If I am Foles I an not going to do anything that would cause the team that I am going to trade for me thus making my new team weaker. I would force the Eagles to let me go freely by making them carry the high cap number allocated by the franchise tag. The Eagles would be $18 million over the cap if Foles is franchised and not able to sign anyone. If I am Foles, I want to be able to pick where I am going, how much I sign for, and not weaken my new team by having them trade for me. He is 30 years old right now and this might be his last opportunity to sign a big contract with a huge signing bonus.

  22. Sign tag… inform the media that he will not sign a long term deal with any team that trades for him. Sit out all preseason and pay the fines and report before the first game of the season.. and make sure the Eagles understand the plan before they place the franchise tag

  23. Sooooo what happens if Foles doesnt sign the franchise tag…. rides it out till almost beginning of training camp… does philly rescind the tag offer and let him walk? Is there still a trade market for him that late in offseasons? I could be wrong but it seems like Foles has alot of leverage 🤔

  24. Foles should sign that tag as fast as he can. He can still dictate where he wants to go by refusing to sign an extension unless it’s with a team he likes. And the Eagles shouldn’t be afraid to make a deal with Washington or the Giants. Just might cost those teams a bit more. The more bidders the better.

  25. Why take the risk of a 25 mil$ tag and trade for a 3rd round pick when they can let him walk and sign where he chooses and still receive a 3rd rnd comp pick

  26. You all do understand that Nick has no say where he goes right? This isn’t baseball. There’s isn’t a no trade cause. They can tag him and send him to who ever they wish to.

  27. Damn! This is moving at a much faster pace than even I anticipated! Eagles have franchised tagged Nick Foles. They must already have a trade planned or if not then this is very risky!

  28. It doesn’t matter. Either way the Eagles will get a 3rd rounder. If they trade Foles it’ll be a 3rd rounder this year. If it’s a compensatory draft pick it’ll be a 3rd rounder next year.

  29. I hope Foles signs the tag, but refuses to sign a long-term deal. Use it like Cousins and choose where to play after this year (or get tagged again). Eventually he would hit the open market. At the rate QB pay is going, he’ll make more in his last few years in the league than some of the retired all-time greats of only a few years ago.

  30. patswhatsup says:
    So for the Eagles to make it work, they have to tag Foles and trade a $25m 1 year contract? Will teams really go for that? Obviously, when you trade for a tagged player, you are presuming you can get a long term deal done. Foles will want $25m for year one plus what 10, 15, 20m for year 2? Think other teams will shell out $35-45 million for Foles over 2 years?

    Considering he just bought out of a 20M contract for $2M, and will have a 25-28M franchise tag next season, I think Foles will be looking for 25M+ per year. Cousins signed for 3 years, 84M.

  31. hwki88

    This is all a joke. Nick Folws is a system QB. He was selling cars when he got a call.

    * * * * * * * * * * * * * * * * * * * * * * * *

    Where was Foles selling cars? If you knew him his family has money. Money doesn’t motivate Nick Foles.

  32. moerawn says:
    February 5, 2019 at 9:06 pm
    I loathe the Eagles but why you’d keep Wentz and get rid of Foles is beyond me.

    —————————

    Because Wentz is the far better player. I know some of you people have recency bias but the two players are not even close. Foles played well in 5 of the 13 games he played the past two years. The other 8 were bad. Let that number sink in. Also Wentz was easily on tract to be the MVP before getting hurt (and rushing back btw), let that also sink in!!!

  33. You can’t keep both, Id trade wentz. He can’t seem to stay on the field, injury prone and unproven?

    ———————-

    You idiots who want to trade Wentz… Im sure glad you guys are not GMs. Wentz is lightyears better than Foles.

  34. sameer1138 says:
    February 5, 2019 at 10:26 pm
    I know it’s a business, but the Eagles are really screwing him over. Maybe try being thankful for that ring he delivered to Philly?

    ———————

    Does Wentz get any credit for getting the team to 11-2 before getting injured and therefor getting Philly home field advantage for the playoffs? Does the defense get credit for holding the Falcons to just 10 points in a 15-10 win in the divisional round of the playoffs where Foles looked putrid?

    Common sense people…. use it!

  35. streetyson says:
    February 5, 2019 at 9:47 pm
    Foles has been a tad too inconsistent over his career to be a sure franchiser (hence several trades/cuts) and is now 30, but until Wentz can demonstrate a 16 game season, its not wise to trade Foles unless you’ve a draftee you love.

    ———————–

    2016 says hello!!!

  36. This is divisional politics. Philadelphia does not want Foles to be free to sign with New York or Washington, because they don’t want to see him play against Wentz twice a year. Should Foles win with either of those teams, Eagles fans will riot in the streets.

    It’s a difficult situation. If they tag him for $25 million–thus setting the price in a trade–there are teams, like Jacksonville, that might make a deal, but if there is not, that’s money against the cap that could be better spent on positions other than backup quarterback.

    The real question is, why are the Eagles so committed to Wentz? He was injured in college and in his first and second years in the pros. How long has it been since he finished a season? Worse, when he did start this year, he clearly struggled without Reich as offensive coordinator, and he won’t have him next year either.

    Why not sign Foles to a short-term contract, say 2-3 years, and name him the starter? Wentz is still under his rookie contract and hasn’t showed that he can stay on the field, so put him on the bench.

    To let the only quarterback in Philadelphia history to ever win a Super Bowl go would be unforgivable, if he went to any other team and won, while the Eagles lose when Wentz gets injured again and the replacement backup quarterback can’t perform.

    Sign the man and pay the man, start the man and play the man. The team responds to Foles, and the fans adore him. He’s their champion. Wentz is just another failed first round draft pick.

  37. You all are funny. Talk about his stats. yeah, lets. Mr. 27Tds-2Ints.Pro Bowl MVP. Super Bowl MVP. Stats that are way better than Alex Smith or Kirk Cousins, yet, somehow, he’s not worth what the Vikings paid Cousins, or he’s only good as a backup. Wow. i guess i watched a different Nick roles light up the Vikings, The Bears, The Patriots, The Redskins, The Rams.. go look at his numbers for any of those games..
    As for Wentz v Foles. It was Wentz’s team b4 they brought Foles back in. That was the plan along. they told everyone that last year before the playoff run, before the Super Bowl, this year before the season, before Wentz came back in, when Wentz went out, before the playoffs, and after the loss to the Saints. at what point did that story ever change?

  38. This is nothing more than the Eagles having some say as to where Nick ends up. If they trade him, they’ll get a 3rd round in 2019. If they don’t franchise him and he signs elsewhere, the Eagles will receive a 3rd rd. comp pick in 2020. All this to make sure he gets shipped out of the division. In Howie we trust.

  39. He should stick it out in Philly. Wentz will implode or get injured half way through the season. Foles will be fresh and upright. Maybe he isn’t a 16 week quarterback anyway.
    25 mil to play 8-11 games, not too shabby.

  40. There is no way the Eagles are taggin him. It would be stupid move because If the Eagles cant trade him they would be stuck with a $25m backup, and they have other roster nerds. They can use that money to sign Bell for example.

  41. Nick Foles is the modern day Jim Plunkett. Perfect QB for one particular franchise. A Championship QB for that franchise, but that Franchise does not want to start him. It takes an injury to the starting QB to get him on the field, and once he gets on the field the magic begins.

  42. What if there are no Takers on a starting price of 25 million,
    and you know Foles is going to want a 4 or 5 year deal.
    Would you offer a 5 year 125 million, 90-100 million guaranteed.I REALLY
    hope Philly TAGS HIM.

  43. Miami isn’t spending on FAs this offseason. With Suh and Tannehill having dead money on the books for 2019, and a porous oline. Ross woke up to the fact you don’t build through FA.

  44. for those who think its cruel or cold for the Eagles to tag Foles you are absolutely wrong.
    One could argue that Foles career was over and the eagles team mostly Doug Pederson resurrected his career and gave him this opportunity to cash in. Not cruel at all, Foles should be thanking everybody in the Eagles organization, with that said the franchise tag is the proper way to go.

  45. “This is nothing more than the Eagles having some say as to where Nick ends up.”
    This is the Eagles trying to get trade value back for Foles.

    Foles should refuse to sign the franchise agreement unless they trade him to a desirable team. “Browns, huh? Yeah, no… I’m thinking Giants will still be looking for an upgrade after my contract is up.”

  46. Lol risk tagging him at 25 mil in hopes of trading him for a 3rd pick? dumb just let him walk and get the compensatory pick.

  47. Good for Nick Foles taking back his power. The man is not a yo-yo…I hope he lands in a good situation where he is fully appreciated. You blew it, Iggles.

  48. Justin Morris says:
    February 6, 2019 at 2:52 am
    moerawn says:
    February 5, 2019 at 9:06 pm
    I loathe the Eagles but why you’d keep Wentz and get rid of Foles is beyond me.

    —————————

    Because Wentz is the far better player

    ————

    Based on what?

    Availability – no
    Postseason success – no

    So what then?

  49. Foles should sign the Franchise, then torpedo any trade talks. $25-28M to ride the pine and maybe play the last few games…. I would take it.

  50. The Eagles should be happy for what Foles has done for them and not tag him. I don’t know why any team would trade for him once he’s tagged. Foles had a magical end to last season, it all came together, but he’s had a long career. Teams know what they’re getting. He’s a marginal starting QB, he’s an excellent backup. Sure, he deserves a shot to be a starter, but he’s not the missing piece to bring a championship to another team. He’ll be in a new system that will take time to learn, it will take time to gel with his receivers, etc.

    And Wentz is not “injury prone”. He broke his leg scoring a TD and has a stress fracture in his back. He needs to protect himself more, but these are freak injuries. The team kept him out at the end of the season so that he didn’t suffer more severe damage to his back.

  51. People believe Wentz is the franchise QB because once, three years ago he started the season with MVP like stats, much like Fitz-Magic started off this year. However, most rational people understand that offenses are usually ahead of defenses early in the year. You can’t compare early season success with post-season success. The latter is much more difficult to accomplish!

  52. I agree with the franchise tag in general but this use of it in this fashion is vindictive and should be prohibited. You should only be allowed to franchise tag players that you plan on keeping long term and once tagged, you should not be allowed to trade that player for anything less than a first and a third round pick.

    This would ensure that only players that teams are serious about keeping and would command top notch compensation get franchised.

  53. The slipper is already off the Eagles anyway. They had their 15 minutes of fame and will now go back into the abyss they were in since 1960.
    As for Foles, he did a great job as the Eagles starter when Wentz was hurt. He’ll forever be a hero in Philly. But it’s safe to say he’ll never again reach the level he had with the Eagles because he’ll find that playing QB for some other team, the magic just won’t be there.
    Remember Frank Riech when he was a great back up QB with the Bills? As soon as he went to another team as the starter, he became what he really was — a very good back up QB who was a back up for a reason. It’s a lot different when you and everyone else knows you’re the man.
    Put a fork in the Eagles. They’re done.

  54. I don’t see this playing out well for the Eagles. Either they get stuck paying $25m for a backup QB which means losing other guys, or they lose Foles and struggle with Wentz.

    Foles is getting paid either way.

  55. Because Wentz is the far better player

    ________________________________________

    Maybe he is, and maybe he isn’t…he has yet to finish a season healthy. When you add on the fact that several of his teammates love and respect Foles as a leader and think Wentz is a jerk, that is not a recipe for success. Foles deserves better, so I’m glad he pulled the rug out from under the Iggles.

  56. Remember when the Eagles traded Sam Bradford to the Vikings for a 1st round pick? Or how about Kevin Kolb to Arizona for a 2nd round pick?

    The talk of a 3rd round pick for him is non-sense. Howie is a genius! Put a another 1st on the board.

  57. Nick Foles is more valuable then half the QB’s in this league as is. A 3rd for him is a steal for any team who takes the offer. Everyone complaining about the money needs to really take a look at what the QB’s who have achieved nothing close to what Foles did received. Denver/ Buffalo should be all over this.

  58. Franchise tagging a player instantly creates a cap hit… the Eagles don’t have room for a $27-$28Mil cap hit without releasing high priced vets. Foles should refuse to sign until a trade to a team he desires, with an extension agreed upon… he holds ALL of the cards as Eagles attempt to recoup a pick or 2.

  59. “IMHO tagging Foles without a prior agreement on a trade by a team they want would be unwise.”

    The Eagles are surely playing with fire here, but they must be certain that Foles and whatever team they reach a wink/nod trade agreement with is going to play along.

  60. The Eagles currently are $1.7 million over the projected 2019 salary cap without any monies allocated to Foles. Adding Foles for @$25 million would be debilitating. Wentz is on the books for $8.4 million in the fourth year of his rookie contract. Undoubtedly the Eagles will exercise Wentz’s fifth year option but they need to get a long term contract in place for him. Obviously Foles must go, but no team is going to pay draft compensation AND $25 million to rent Foles for one year so once the Eagles formally tag him they control who can negotiate a long term contract with him which I believe is the real reason behind the charade. I bet the Eagles and Foles have agreed on the teams he can negotiate with when the tag is issued if not before. It seems likely that the Eagles paid the $1 million bonus as part of the overall arrangement with Foles since most businesses don’t pay an unearned bonus to an employee who will soon leave their company. The period to franchise tag players opens on February 19, and ends March 5, this year. I think we will know where Foles will play no later than March 5

  61. Please come to the Giants, Foles! Would love to see you take over after Eli retires. Eagles are crazy to keep Wentz and get rid of Foles. Foles has proven to play incredibly well under pressure, and maybe more importantly, he can stay healthy. Wentz has been a liability for the Eagles the past two years, as he’s gotten injured both times and couldn’t finish a season. Eagles were so lucky to have a reliable backup QB in Foles.

  62. Considering the QB draft class is unspectacular, the trade market should be robust. Howie will get a second or better to a team in win now mode given Foles’ age. Jax is the front runner, then Denver. Wild card is Oakland but that would be a longshot that Foles most likely would not agree to.

  63. pkrjones says:
    February 6, 2019 at 10:32 am
    Franchise tagging a player instantly creates a cap hit… the Eagles don’t have room for a $27-$28Mil cap hit without releasing high priced vets. Foles should refuse to sign until a trade to a team he desires, with an extension agreed upon… he holds ALL of the cards as Eagles attempt to recoup a pick or 2.

    Foles should just sign. He will still be able to choose his destination, because he can just tell teams he doesnt want to play for, that he negotiate a long term contract with them.

    The worse that happens to Foles is that he gets paid 25-28M to sit behind Wentz. It would put the Eagles in cap hell though.

  64. “And Wentz is not “injury prone”. He broke his leg scoring a TD and has a stress fracture in his back. He needs to protect himself more, but these are freak injuries. ”

    ******************

    When a “mobile” QB continues to get injured doing mobile things, yeah, I’d call him injury prone, especially since he’s flat out said that he’s not going to change the way he plays.

  65. re people saying the team would be immediately over the cap and have to cut players, etc… they do not have to be cap compliant until 3/19. So for sure, BDN will be gone by then one way or another.

  66. Foles holds all the cards and will op for the NYG making for an easy relocation for the fam and great drama for the NFL and fans.

  67. thegreatgabbert says:
    February 5, 2019 at 9:12 pm
    Much ado about nothing. The guy isn’t that good, and having passed 30 he won’t be getting any better.

    76 290 Rate This
    ——————————-

    Tell that to Brees, Manning, Brady, Roethlisberger, Young, Plunkett, Gannon and others.

    Lots of QBs get better after 30.
    Maybe worse would be a 115 rated season instead of a 119 rated season?

  68. lovefootballhatestupidity says:

    February 5, 2019 at 9:24 pm

    Nick Foles’ agent should inform the Eagles and the public that if the Eagles attempt to franchise tag Foles that a grievance will be filed via the NFLPA. The franchise tag is by CBA agreement a procedure that allows a team more time to sign the player to a long term contract. The Eagles have NO intention of signing Nick to a long term deal. They have publicly stated that Wentz is the starter and at least thru 3rd parties have indicated they want to get a 3rd round pick for Nick. They have undermined their own position. This will be an easy decision for an arbiter.

    He has earned the right to be free of the Eagles. His contract had a 2nd year team option which they used. He has the right of a buyout which he will activate. They shouldn’t be allowed to then franchise tag him given that alone.

    Why would any team give up a pick knowing he could be had without giving up a valuable draft pick? Hope he wins this business game!

    In 2009, the Patriots placed the franchise tag on QB Matt Cassell and promptly traded him to the Chiefs for a 2nd round pick. So I don’t understand this “the Eagles can’t place the franchise tag on him and then trade him” when it’s been done before.

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