Details On Nick Foles’ New Contract

We learned yesterday that the Eagles and quarterback Nick Foles had reached agreement on a new contract. Today, we’ve got specific details on the new deal.

The reworked contract will ultimately earn Foles an extra $2MM in 2018, but the quarterback has the potential to earn a whole lot more. NFL.com’s Ian Rapoport tweets that the contract includes another $14MM worth of incentives based on playing time, playoffs, and Pro Bowl. NFL Network’s Mike Garafolo adds that Foles will earn $250K for each appearance, and that number will increase to $500K if the team wins. The 29-year-old has already earned a $3MM roster bonus and $2MM signing bonus, and he’s set to make a $4MM salary next season.

We also learned yesterday that the contract includes a mutual option for the 2019 season, meaning Foles could hit free agency next offseason. As Garafolo explains (via Twitter), the Eagles will have the ability to pick up Foles’ $20MM deal for 2019. Meanwhile, the quarterback will have the ability to “buy his way to free agency,” but that’d require him to sacrifice the $2MM signing bonus he just received.

With Foles having won Super Bowl MVP and the Eagles also rostering Carson Wentz, there was some question about how the organization would proceed at the quarterback position. As our own Zach Links pointed out, the new deal isn’t a reflection of the team’s feeling on Wentz’s recovery from an ACL injury. Rather, it’s “about giving [Foles] extra compensation in light of his postseason performance.”

Foles had expressed interest in being a starter next season, and the Eagles reportedly shopped the veteran quarterback. However, this new deal would seemingly be a reasonable compromise for both sides.