The Philadelphia Eagles are ready to part ways with quarterback Nick Foles, but it will not be a simple process. The Eagles hold a $20 million option that they are expected to exercise, according to NFL Network reporter Ian Rapoport. At that point, there are several ways this can go. Our friends at Bleeding Green Nation did a great job breaking it down. Here’s the tl;dr.
- Foles has an option to get out of the $20 million option if he pays back $2 million of bonus money.
- Foles likely has to figure that out by February 7th
- If he opts out and pays back the bonus money, he can become a free agent at the start of the new league year.