The Facts: The Eagles and Foles have agreed to a revised contract for the 2018 season that includes a mutual option for 2019, NFL Network's Mike Garafolo reported Friday, per two sources informed of the agreement between the sides. Before the revision, Foles was set to become an unrestricted free agent after this upcoming season.
While full financial terms are not immediately available, a source told NFL Network's Ian Rapoport that the deal includes a $2 million signing bonus and several millions more in incentives if Foles becomes the starter and hits various benchmarks as Philly's starting QB. Foles was set to earn $7 million in 2018, the final season of a two-year deal signed before the 2017 season to be Carson Wentz's backup. Foles' market changed markedly after taking over for the injured Wentz and leading the Eagles to their first Super Bowl title in franchise history and claiming game MVP honors. NFL Network's Mike Garafolo reports that Philly's reshuffling of Foles' deal has nothing to do with the health of Wentz, who is not guaranteed to be ready to play in the season opener against the Atlanta Falcons. Wentz is still recovering from a torn ACL and LCL suffered in Week 14 last season, but reiterated this week that, while it's hard to put a timetable on his recovery, starting Week 1 is "still the goal." Garafolo clarified that Foles' deal was instead redone to reward the journeyman with a pay bump for his performance in the postseason while also providing him the opportunity to hit free agency next spring if he decides to do so.