On Monday, the Eagles exercised quarterback Nick Foles $20 million option. It only took Foles two hours before voiding his contract to become a free agent. He had to pay $2 million to do so.
Fortunately, the Eagles aren’t completely at loss for retaining the 30-year-old quarterback – they can franchise tag him for around $25 million, per NFL Insider Ian Rapoport.
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
According to NFL Insider Chris Mortensen of ESPN, the Eagles “don’t want [Foles] to go to the Giants or the Redskins.”
Jason Cole of Fansided added, “Are the Philadelphia Eagles willing to pay quarterback Nick Foles roughly $25 million for one year to keep him from driving north on the Jersey Turnpike?
Keeping Foles from the division-rival New York Giants — assuming the Giants decide to move on from Eli Manning — appears to be the biggest consideration as the Eagles toy with the idea of putting the franchise tag on him. According to two NFL sources, Eagles General Manager Howie Roseman is considering that idea after an exchange of moves that could potentially leave Foles as the top free agent quarterback on the market next month.
The Eagles believe there’s a strong chance the Giants will part ways with Manning and attempt to sign Foles if Foles hits the market.”
If the Eagles indeed are worried about Foles going to New York or Washington, they can franchise tag him for $25 million, as Cole stated. Though, is it really worth the Eagles to pay $25 million just to prevent that from happening?
“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.
We’ll see what happens.Follow @EaglesFeast