8:05pm: Details of Foles’ contract extension are becoming clearer, and Ian Rapoport of NFL.com confirms that the two-year extension will be worth more than $24MM (via Twitter). Schefter puts the number at $24.5MM and a three-year total of $26MM (via Twitter).
Rapoport also writes that the final year of the deal is voidable if Foles makes the Pro Bowl or depending on overall team performance.
Jason La Canfora of CBS Sports added that the deal featured a lot of “creativity” by both sides, which he sees as fitting under the unusual circumstances (via Twitter).
7:27pm: Rams have signed their new starting quarterback to an extension that will keep him in St. Louis through 2017, reports Adam Schefter of ESPN (via Twitter).
The extension itself adds two years to Nick Foles‘ current contract, and the team announced the signing through their official Twitter page.
The full details have been made known from the extension just yet, but Howard Belzer of Fox Sports writes that it could have significant roster bonuses (via Twitter). His colleague Mike Garafolo reports that the final year of the deal can be voided based on performance, and that the total value of the deal exceeds $12MM per year (via Twitter). Garafolo responded to Jeff McLane’s question of guaranteed money by noting the deal will include just under $14MM guaranteed (via Twitter).
Foles joined the Rams via trade this offseason after spending the first three years of his career with the Eagles, where he played in 28 out of 48 possible games. His 2013 season was particularly notable, when he completed 64% of his passes, throwing 27 touchdowns and only two interceptions.
However, in the 15 games other than his sophomore season he managed a much more mortal 19 touchdowns to 15 interceptions. His injury history also left little to be desired, which could be a reason the Eagles felt comfortable swapping him for the oft-injured Sam Bradford.
Despite all the concerns, the Rams have been trying to lock Foles up past this year since he arrived in St. Louis.
With the final numbers still yet to come out, it is worth checking out what our own Connor Byrne expected in terms of a possible extension a few weeks back, when he outlined the extension candidacy of Foles with the Rams.