The Facts: The Bears have parted ways with a former Super Bowl Most Valuable Player. The Bears agreed to release Foles, according to Foles' agent Justin Schulman. First-year general manager Ryan Poles and the Bears decided to allow Foles to find a new team rather than continue to search for a trade partner. "Ryan Poles did the classy thing and Nick appreciate it," Schulman told NFL Network's Mike Garafolo.

Diehards Line:Former Bears general manager Ryan Pace and former Chicago head coach Matt Nagy traded for Foles ahead of the 2020 season to give Mitchell Trubisky a little competition and hopefully get the best out of both or either of them. The move just muddied a murky Bears offense. When Chicago signed Andy Dalton and drafted Justin Fields prior to the 2021 campaign, Foles was simply hanging around as an overpriced third-stringer. That would've likely been the same situation this season with Field as the next hope at QB1 and Trevor Siemian having been signed to be the backup. Thus, the Bears looked for a trade partner, but never found one. Foles would've been a $10.66 million cap hit this season. His pre-June 1 release, comes with a cap savings of $3 million, but a dead cap number of $7.66 million. He can now decide what's next on his own terms after a classy move by the new-look Bears regime.