The Jacksonville Jaguars are trading veteran quarterback Nick Foles to the Chicago Bears for a fourth-round draft pick, according to Adam Schefter at ESPN.
The deal is for the Bears’ compensatory fourth-round selection. According to ESPN’s Field Yates, the Bears will inherit the final three-years of Foles’ deal, which will allow the Jaguars to save $3,087,500 with a dead cap hit of $18.75 million.
The Jaguars will have 12 draft selections once all trade deals have been completed, including two first-round selections, three fourth-round picks, two fifth-round selections, and two sixth-round selections along with the team’s second, third, and seventh round selections.