On Tuesday night, Philadelphia Eagles quarterback Nick Foles reportedly took a significant step towards free agency.
According to multiple reports, the Eagles picked up Foles’ $20 million player option earlier Tuesday. Hours later, Foles reportedly voided the contract with a $2 million buy out and is now considered free agent.
Despite earning his free agency, Foles isn’t quite clear of the Eagles just yet. The Eagles can still hit Foles with the franchise tag, though that would cost the team $25 million.
Here’s more from Ian Rapoport.
Sources: #Eagles QB Nick Foles is, in fact, buying back his freedom for $2M, voiding the new and final year of his contract. Now, he’s a free agent… unless Philly hits him with the roughly $25M franchise tag.
— Ian Rapoport (@RapSheet) February 6, 2019
Philadelphia could slap the franchise tag on Foles and attempt to trade him, which several NFL insiders say they expect will happen.
The Jacksonville Jaguars are a popular landing spot for Foles among NFL analysts after the Jags hired former Philadelphia Eagles quarterbacks coach John DeFelippo as the team’s offensive coordinator.
ESPN’s Dan Graziano suggested the Jaguars will trade for the former Super Bowl MVP, but will miss the playoffs.
Adam Schefter reported last week that the Eagles hope to land a third-round pick in exchange for Foles, though we’ll have to wait and see if any team spends trade capitol on the 30-year-old quarterback.
The ball is now in the Eagles’ court. Philadelphia fans will be waiting to see whether or not the team hits Foles with the franchise tag.