Nick Foles Trade Rumors: Jaguars Approached by Multiple Teams, Unwilling to Deal

The Jacksonville Jaguars continue to resist overtures for quarterback Nick Foles.

ESPN's Adam Schefter reported Monday that multiple teams have reached out to Jacksonville in recent weeks about acquiring Foles, but the franchise "has been unwilling to trade him."

According to Ed Werder of ESPN, the Chicago Bears are one interested suitor, having targeted Foles or Andy Dalton to compete with Mitchell Trubisky.

One year in, Foles' four-year, $88 million deal is looking like an overpay. He suffered a broken collarbone in his first start with the Jaguars and lost the starting job to Gardner Minshew II shortly after returning to the field.

ESPN's Dan Graziano and Jeremy Fowler reported March 2 that Jacksonville would prefer to trade Foles and open 2020 with Minshew as the starter.

Although Schefter's report paints a contradictory picture, the Jaguars could be exerting what leverage they have to strike the best deal possible.

They don't need to trade Foles, even if his contract is somewhat burdensome, since he provides them with a contingency plan should Minshew struggle as the No. 1 option.

Minshew threw for 2,285 yards, 13 touchdowns and four interceptions through his first nine appearances as a rookie. After replacing Foles for a second time, his production was noticeably worse (986 yards, eight touchdowns, two interceptions in five games).

Jacksonville also has to consider the financial implications of jettisoning Foles.

The Jaguars moved on from him next offseason, they'd save $14.4 million and carry $12.5 million in dead money, per Spotrac. If they waited until after June 1, 2022, they'd save $20.7 million with $6.3 million left on the books.

Only one team needs to make Jacksonville a big offer for Foles in order for a trade to happen, but don't be surprised if he remains with the Jaguars for at least one more season.