The Facts: ESPN recently suggested that Nick Foles is a candidate to be traded. A source with knowledge of the situation tells PFT that there is indeed interest in Foles, but that no substantive trade talks have happened, yet.
Diehards Line:Foles, the Super Bowl LII MVP, has a fully-guaranteed salary of $15.125 million in 2020, along with $500,000 in per-game roster bonuses and a $250,000 workout bonus. Trading him would trigger a cap charge of $18.75 million, the remaining 3/4ths of his $25 million signing bonus from 2019. As PFT's Mike Florio suggests, faced with paying Foles nearly $16 million to back up Gardner Minshew II versus paying Foles nothing and eating $18.75 could be a justifiable swap, if the Jaguars have decided to ride with the sixth-rounder who took Jacksonville by storm as a rookie. And the below-market cash payout for 2020 could make the Foles contract attractive. Florio went on to speculate that for a team like the Colts, that could make a lot of sense. Given that Colts coach Frank Reich got his job in large part due to Foles’ performance in the 2017 playoffs, Foles could have a leg up in the competition. ... Stay tuned.