According to NFL Network’s Mike Garafolo, the Eagles and Nick Foles have reached an agreement on a revised contract.
The Eagles and QB Nick Foles reached agreement on a revised contract for the 2018 season today, sources say. The deal includes a mutual option for the 2019 season, so Foles still has the chance to hit free agency next spring. Team wanted to reward the Super Bowl MVP.
— Mike Garafolo (@MikeGarafolo) April 20, 2018
To add to @MikeGarafolo’s report on the raise for #Eagles QB Nick Foles: He got a $2M signing bonus and several millions in incentives if he’s the starter and hits various benchmarks, source said.
— Ian Rapoport (@RapSheet) April 20, 2018
First and foremost, this is a reward for Foles after one of the most incredible playoff runs in NFL history. The sixth-year quarterback was paid a strong signing bonus and given a string of incentives, not only as a sign of gratitude, but a sign that even though he won’t be starting next season, the team have confidence in him.
Foles recently came out and state the would like to start somewhere and that’s where the mutual option comes in. The referenced ‘mutual option’ will give Nick Foles the freedom to step into free agency if he wishes, meaning that he won’t be feeling trapped in Philadelphia under the shadow of Carson Wentz and he can forge his own future should he want to after the end of next season.
This is also a very encouraging sign that Foles isn’t going anywhere. It’s no coincidence that this contract has been drawn up just days after Foles expressed an interest to start somewhere else. The Eagles keep Foles happy with an incentivized deal, secure the depth in their quarterback room with the best backup in the league and add a respectful option that won’t leave Foles scrapping for options at the tail end of the offseason.
It also paves the way for Nate Sudfeld to have one more developmental season behind a Super Bowl MVP and a ‘would’ve been’ regular season MVP. We saw in week 17 just how far he’s come since his days as a backup with the Redskins and he’s certainly growing into that role hear. Foles will mentor Sudfeld and continue to help Carson Wentz flourish on the field.
This was a smart move from just about every angle by Howie Roseman and company. Foles stays in Philadelphia and that $2M bonus would theoretically lift his overall wage packet up to around $6M, which is a generous way of appreciating the Eagles draftee and enticing him to spend one more season in his current role.
Mandatory Credit: Matthew Emmons-USA TODAY Sports
