Nick Foles Voiding $20 Million Option To Be Free Agent, Report Says
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PHILADELPHIA (CBS) – The Eagles picked up quarterback Nick Foles' $20 million option on Tuesday evening and Foles quickly informed the Eagles he is voiding the option, according to an NFL insider's report. NFL Network's Ian Rapoport reported Foles is buying back his freedom, paying the Eagles $2 million to void the new and final year of his contract.
Foles is a free agent for now.
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
Eagles are reportedly considering using the franchise tag on him so they can trade him.
Now that the #Eagles have made their expected move by picking up QB Nick Foles' $20M option, it's now his turn: Foles is likely to buy back his freedom with $2M of the dollars he earned from incentives. After that, Philly is considering the franchise tag to trade him.
— Ian Rapoport (@RapSheet) February 6, 2019