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Report: Eagles QB Nick Foles voiding contract, to become free agent

On Saturday, Eagles reportedly exercised quarterback Nick Foles’ $20 million option for next season. He was then expected to buy back his freedom to become a free agent for $2 million.

According to NFL Insider Ian Rapoport, Foles officially notified the Eagles on Tuesday night that he is voiding his contract to become a free agent.

Nevertheless, the Eagles are still available to franchise tag him for around $25 million.

Over the weekend, NFL Insider Adam Schefter of ESPN reported that the Eagles are expected to franchise tag Nick Foles if he voids his third-year option (which he did) and trade him for a third-round pick.

“The Eagles refused to specify any of their plans for Foles. But being that other teams already have inquired on Foles’ price, and it is expected to be around a third-round pick, the way for Philadelphia to secure the quarterback’s rights this offseason would be with a franchise tag,” stated Schefter in his report.

Though, the question is … is Foles worth as low as a third-round pick?

This past season, the 30-year-old quarterback threw for 1,413 yards, seven touchdowns and four interceptions (in five regular-season games) while filling in for Carson Wentz.

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