Nick Foles Reportedly to Sign with Chiefs: Latest Contract Details and Reaction

After being released by the Los Angeles Rams, quarterback Nick Foles has agreed to terms with the Kansas City Chiefs, a source told NFL Network's Mike Garafolo. NFL Network's Ian Rapoport confirmed Garafolo's earlier report.

Adam Schefter of ESPN reported Foles will be paid $1.75 million plus incentives this season. According to Schefter, the Chiefs have a team option on Foles for next season, which would pay him between $6.75 and $16 million based on his performance this year.

After three seasons with the Philadelphia Eagles, the Rams acquired Foles in a deal that sent Sam Bradford to Philly prior to the 2015 season.

Foles was instantly installed as the starter, but he struggled, going 4-7 in 11 starts with 2,052 passing yards, just seven touchdowns and 10 interceptions.

The former University of Arizona standout was benched in favor of Case Keenum, and it appeared his time with the Rams was coming to a close.

His standing with the franchise became even more tenuous when L.A. traded up to the No. 1 spot in the 2016 NFL draft and selected California's Jared Goff with the top choice.

That move dropped Foles to third string on the depth chart behind Goff and Keenum. Foles requested a release, and the Rams granted it July 27.

Even though the 2015 season was a nightmarish one for Foles, the 27-year-old signal-caller has a track record of success in the NFL.

He was named to the Pro Bowl in 2013 after throwing for 2,891 yards, 27 touchdowns and just two interceptions in 10 starts (13 games) for the Chip Kelly-led Eagles.

Foles has failed to replicate that success ever since, but the Chiefs could do much worse than having a former Pro Bowler as insurance on the sidelines behind Alex Smith.

Although Foles' tenure with the Rams didn't go well, he still has an opportunity to impress teams across the league in potential spot duty with his new team.

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