Nick Foles Update: Ready To Pay $2M, Eagles Planning Trade, Rumors Say

Philadelphia Eagles quarterback Nick Foles was quick to respond after the team informed him Tuesday that a decision had been made by the franchise to pick up his 2019 contract option for $20 million.

The 2018 Super Bowl MVP informed the team he would will pay the necessary $2 million to opt out of his contract option for 2019, which will allow him to be a free agent, according to ESPN’s Tim McManus.

But the report claimed Foles’ action would see the Eagles place the franchise tag on the quarterback when the window opens Feb. 19 to March 5. That would allow the Philadelphia franchise to trade Foles to a team of their choosing rather than lose him in free agency. And teams outside Philadelphia were said to have shown interest in the 30-year-old signal caller.

ESPN reported the franchise tag number for quarterbacks next season was around $25 million and the Eagles would have to clear salary space for the start of the league year before they can trade him. And the price for Foles was expected to be a potential third round draft pick.

The Eagles have committed to Carson Wentz as their starting quarterback for the 2019-20 season, but it was the 2018 Super Bowl winner and MVP that stepped in for the former, who was injured midway through the campaign. Foles led them to three straight regular season wins and then helped them beat the Chicago Bears in the wild card round before losing to the New Orleans Saints.

Eagles’ executive vice-president of football operations Howie Roseman is known to be a shrewd business man, who can maneuver well around the salary cap and get some good options in the trade market.​