Report: Nick Foles Voids Eagles' Contract Option for 2019 Season

Timothy Rapp@@TRappaRTFeatured ColumnistFebruary 6, 2019

CHICAGO, IL - JANUARY 06:  Nick Foles #9 of the Philadelphia Eagles looks for a receiver against the Chicago Bears during an NFC Wild Card playoff game at Soldier Field on January 6, 2019 in Chicago, Illinois. The Eagles defeated the Bears 16-15.  (Photo by Jonathan Daniel/Getty Images)
Jonathan Daniel/Getty Images

Philadelphia Eagles quarterback Nick Foles has declined his $20.6 million mutual option for the 2019 season and will pay the team $2 million to become a free agent, according to ESPN's Adam Schefter.

The Eagles picked up Foles' option earlier Tuesday, per ESPN.com's Tim MacMahon, but he bought his way out of it as expected. The Eagles must now decide whether to use the roughly $25 million franchise tag on Foles—which would put them in a tricky salary-cap situation if they didn't find a trade partner by the start of the 2019 league year—or let him stay a free agent and take the compensatory pick they receive in 2020.

Foles, 30, will be an attractive option for any team looking to upgrade at quarterback with a proven veteran. He appeared in five games during the 2018 regular season for the Eagles, throwing for 1,413 yards, seven touchdowns and four interceptions while completing 72.3 percent of his passes.

The Eagles were 4-1 in those starts, and they won the last three games of the season to sneak into the playoffs. Foles then led them to a win over the Chicago Bears in the Wild Card Round before they lost to the New Orleans Saints in the divisional round.

Foles also famously led the Eagles to their first Super Bowl title in franchise history during the 2017 season, outgunning Tom Brady and the New England Patriots in Super Bowl LII.

Given his success over the past two seasons, several teams figure to inquire about his services, especially those that believe they are a proven quarterback away from being a legitimate contender (like the Jacksonville Jaguars).

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