Foles can then give back a $2 million signing bonus, and effectively buy his way into free agency.
The Philadelphia Eagles are expected to use their franchise tag on Nick Foles this offseason with the intention to trade him. Foles deserves all the credit for leading his team to a Super Bowl win and making the playoffs again in 2018, but that does not mean he would be a slam dunk in black and teal as we've seen in his time outside of Philly.
Earlier today, National Football League insider Ian Rapoport reported the Eagles are expected to pick up his $20 million option for the 2019-2020 season, which creates an interesting scenario for the them. The backup QB has starred in Wentz's absence the past two seasons, including their Super Bowl championship run previous year. The Eagles would then place a franchise tag on him, giving them the opportunity to trade him. They would have a lot of trouble getting under the projected $190 million cap with Foles at $20 million or $23 million, and other teams might just wait them out.
"Either way, it's a little bit of a game of chicken right now", Rapoport said on "Super Bowl LIVE". Should he choose to opt out, that would cost him $2 million.
The third-round pick of the 2012 NFL Draft completed 72.3 percent of his passes in the regular season for 1,413 yards and seven touchdowns against four interceptions.