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NGT: Eagles to pick up Foles $20 mil option

superspynyg : 2/2/2019 4:09 pm
He has a $2 mil buy out at which time he can be tagged and traded or allowed to hit FA at which time Eagles would get comp pick in 2020.



link - ( New Window )
How does that work?  
Eli Wilson : 2/2/2019 4:17 pm : link
I can't imagine he gets to keep the $20mil if he takes the buyout. That would be a pretty sweet deal for him to just pocket $18mil total and still hit free agency or get franchise QB money. That can't be right.

But he's paying $2mil for the buyout from something.
Wouldn't they have to clear the cap space first?  
Eman11 : 2/2/2019 4:17 pm : link
.
Looks like salary fully guaranteed  
Eli Wilson : 2/2/2019 4:20 pm : link
As of 3/18/19. I guess something happens before then.
How great would it be if he wants to stay there?  
Eman11 : 2/2/2019 4:39 pm : link
I know it's only one year but if he doesn't use his buyout, he'd be one hell of an expensive backup and put a huge hurting on their already hurting cap situation.

I've heard some things he might not be looking to play much longer anyway so it might not be all that far fetched to think he takes that one big check and hangs it up after 2019.
This was expected  
Ssanders9816 : 2/2/2019 4:46 pm : link
Hereís a good breakdown of how this may play out
http://www.espn.com/blog/nflnation/post/_/id/292770/eagles-options-with-nick-foles-tag-and-trade-could-be-in-play - ( New Window )
According to ESPN  
The_Boss : 2/2/2019 4:48 pm : link
They plan on franchising and trading him. Watch Roseman railroad someone for a first...
leaue year  
Chip : 2/2/2019 4:49 pm : link
begins March 1
RE: How great would it be if he wants to stay there?  
shyster : 2/2/2019 4:52 pm : link
In comment 14284601 Eman11 said:
Quote:
I know it's only one year but if he doesn't use his buyout, he'd be one hell of an expensive backup and put a huge hurting on their already hurting cap situation.

I've heard some things he might not be looking to play much longer anyway so it might not be all that far fetched to think he takes that one big check and hangs it up after 2019.


If Foles doesn't use the buyout, the Eagles will just trade him with his one year, $20m contract.

He doesn't get a no-trade clause.
RE: According to ESPN  
superspynyg : 2/2/2019 4:53 pm : link
In comment 14284609 The_Boss said:
Quote:
They plan on franchising and trading him. Watch Roseman railroad someone for a first...


And watch he never comes close to his success with the egirls
RE: RE: How great would it be if he wants to stay there?  
Eman11 : 2/2/2019 5:01 pm : link
In comment 14284615 shyster said:
Quote:
In comment 14284601 Eman11 said:


Quote:


I know it's only one year but if he doesn't use his buyout, he'd be one hell of an expensive backup and put a huge hurting on their already hurting cap situation.

I've heard some things he might not be looking to play much longer anyway so it might not be all that far fetched to think he takes that one big check and hangs it up after 2019.



If Foles doesn't use the buyout, the Eagles will just trade him with his one year, $20m contract.

He doesn't get a no-trade clause.


Aah ok, good point.

They'd have to do it by the start of the new league year though (end Feb/early March) right? Otherwise they take the cap hit.

Whatever happens, I just hope it screws the Eagles as much as possible.
RE: RE: RE: How great would it be if he wants to stay there?  
shyster : 2/2/2019 5:18 pm : link
In comment 14284621 Eman11 said:
Quote:


They'd have to do it by the start of the new league year though (end Feb/early March) right? Otherwise they take the cap hit.



I'm not going to purport to be the expert on Philly's exact cap situation or their drop dead date for a trade.

Ian Rapoport was the first to report the Foles' trade scenarios almost a month ago. He mentioned both picking up the option and the franchise tag as the alternate trade mechanisms.

Made sense to me at the time and I presume Rapoport knows what he's talking about.
Rap sheet - ( New Window )
Option  
Archer : 2/2/2019 5:47 pm : link
I am confused.
If Foles buys out his option for $2,000,000 wouldnít that make him a free agent?
If not his agent should be fired

He is essentially paying $2M without receiving free agency
That is just wrong

Philadelphia will receive $2M for the right to tag him




Me and my buddy were trying to figure this out  
bhill410 : 2/2/2019 5:50 pm : link
I have never in any sport seen a situation where player buys out of a contract. So the eagles exercise and Foles pays them 2 million??? As in out of his pocket? Also does that mean eagles get an additional 2
Million in cap space? I am sure itís not this complicated but such a weird contract provision
The date to  
TommyWiseau : 2/2/2019 5:54 pm : link
Designate a franchise player is March 5th. Can't he just wait till March 6th then buyout his contract for 2 million making him a free agent?
RE: Option  
shyster : 2/2/2019 5:59 pm : link
In comment 14284671 Archer said:
Quote:
I am confused.
If Foles buys out his option for $2,000,000 wouldnít that make him a free agent?
If not his agent should be fired

He is essentially paying $2M without receiving free agency
That is just wrong

Philadelphia will receive $2M for the right to tag him





I wouldn't blame the agent; this is the wonderful world of the owner-friendly CBA, where teams have multiple options for controlling their serfs.

As for Foles' motivation here: yes, the Eagles get to tag him, but the tag will be $25 million, so Foles comes out ahead.

Or he gets a lucrative multi-year deal as s FA if the Eagles ultimately shy away from the tag.

Or he gets that deal after the team he is traded to tears up the tag for the multi-year.
I'll try and explain.  
Diver_Down : 2/2/2019 6:06 pm : link
There are a number of hurdles in Foles contract. The Mutual Option of $20M salary for 2019 seems to be the question. The Eagles have a deadline of 1 week after the superbowl to notify Foles of their intent to pay him his $20M salary for 2019. Foles has 5 days from being notified of his intent to excercise/accept the option. (Hence, a mutual option.) If Foles declines the option, then he must repay $2M to the Eagles. At which point, the mutual option of $20M salary is voided and Foles becomes eligible for FA. The Eagles still can tag Foles at $25M. Doing so, they would need Foles to sign the tender before trading him. The expectation that the Eagles would be asking for a 3rd round pick (min) as that would be the equivalent compensatory pick they would receive in 2020.
Sound like itís lining up for a game of chicken  
rasbutant : 2/2/2019 6:15 pm : link
Eagles did what they did so looks like they want to play the game. Though itís really just like checking in poker. Everyone knows you have nothing but you donít have to do anything until it comes back to your turn so why fold. There is still a chance Foles folds and opts out giving them 2 mil. Which then gives them the option of franchise tag or let him walk and get a comp pick.

Now if Foles calls their bluff itís still not over because another team could blink and make a trade for him. Because they want to lock up his rights for 20 mil one year contract. eagles get a pick. Foles is sad because he didnít get to go to the highest bidder and now either plays on a one year 20 mil or negotiate with the one team on a long term contract. Which probably wonít be as good as if there were a bidding war.

If no one blinks then he is released in March and free to sign with the highest bidder with 0 zero comp to the eagles.
RE: I'll try and explain.  
Eman11 : 2/2/2019 6:23 pm : link
In comment 14284687 Diver_Down said:
Quote:
There are a number of hurdles in Foles contract. The Mutual Option of $20M salary for 2019 seems to be the question. The Eagles have a deadline of 1 week after the superbowl to notify Foles of their intent to pay him his $20M salary for 2019. Foles has 5 days from being notified of his intent to excercise/accept the option. (Hence, a mutual option.) If Foles declines the option, then he must repay $2M to the Eagles. At which point, the mutual option of $20M salary is voided and Foles becomes eligible for FA. The Eagles still can tag Foles at $25M. Doing so, they would need Foles to sign the tender before trading him. The expectation that the Eagles would be asking for a 3rd round pick (min) as that would be the equivalent compensatory pick they would receive in 2020.


Thanks for the info.

After reading all that, if I'm Foles and I buy out the option for two mil, no way am I signing the franchise tag. I'd want to be a FA and decide where I want to go instead of the Eagles trading me wherever for the best deal they can get.

I know if he signs the tag he'll be paid 5 mil more than what his contract would be now, but I think he'd more than make that back by signing where he finds his best deal.
RE: Sound like itís lining up for a game of chicken  
shyster : 2/2/2019 6:25 pm : link
In comment 14284694 rasbutant said:
Quote:


If no one blinks then he is released in March and free to sign with the highest bidder with 0 zero comp to the eagles.


If I'm following, and you're talking about the scenario in which Foles doesn't buy out the option, I don't think this last part is right.

When the Eagles pick up the option, they have made a commitment. With the option in effect, they would have to make a trade to get Foles off their cap. They could not just release him.
RE: RE: I'll try and explain.  
shyster : 2/2/2019 6:36 pm : link
In comment 14284709 Eman11 said:
Quote:


After reading all that, if I'm Foles and I buy out the option for two mil, no way am I signing the franchise tag. I'd want to be a FA and decide where I want to go instead of the Eagles trading me wherever for the best deal they can get.

I know if he signs the tag he'll be paid 5 mil more than what his contract would be now, but I think he'd more than make that back by signing where he finds his best deal.


If he gets the exclusive franchise tag, he can't negotiate a contract with other teams. There may be an issue of whether he could force the Eagles to rescind the tag because of the cap effect, but I haven't seen that confirmed.
RE: RE: RE: I'll try and explain.  
Eman11 : 2/2/2019 6:41 pm : link
In comment 14284727 shyster said:
Quote:
In comment 14284709 Eman11 said:


Quote:




After reading all that, if I'm Foles and I buy out the option for two mil, no way am I signing the franchise tag. I'd want to be a FA and decide where I want to go instead of the Eagles trading me wherever for the best deal they can get.

I know if he signs the tag he'll be paid 5 mil more than what his contract would be now, but I think he'd more than make that back by signing where he finds his best deal.



If he gets the exclusive franchise tag, he can't negotiate a contract with other teams. There may be an issue of whether he could force the Eagles to rescind the tag because of the cap effect, but I haven't seen that confirmed.


Yes but if he buys out the contract for 2mil, he'll be a FA. If they then decide to franchise him, he doesn't have to sign the tag right?

I'm thinking if he doesn't sign it he'll still be a FA and not under their control.
RE: RE: Sound like itís lining up for a game of chicken  
Diver_Down : 2/2/2019 6:43 pm : link
In comment 14284712 shyster said:
Quote:
In comment 14284694 rasbutant said:


Quote:




If no one blinks then he is released in March and free to sign with the highest bidder with 0 zero comp to the eagles.



If I'm following, and you're talking about the scenario in which Foles doesn't buy out the option, I don't think this last part is right.

When the Eagles pick up the option, they have made a commitment. With the option in effect, they would have to make a trade to get Foles off their cap. They could not just release him.


The first step is the Eagles notifying Foles of the intent to retain Foles at $20M. Foles has 5 days to accept or decline. If he declines, then he must pay $2M which will void the 2019 year. If he accepts it, then the $20M is fully guaranteed on 3/18/19. He could still be traded with the trading team being on the hook for the guaranteed salary. If such a scenario were to play out, then the trading team would likely extend the 1 year contract and incorporate the $20M salary into a signing bonus.

Accepting the Mutual option, costs Foles nothing. If he declines and buys out the option with $2M, he can still be tagged. He still won't have the choice where he can sign. Any trade will likely involve a long term contract such that the $25M tag will be absorbed into a signing bonus.

It really is a no win situation for Foles. If I am him, I save my $2M and let the $20M for 2019 become fully guaranteed. The Eagles can keep him for the year or trade him. But if I am him, I don't sign an extension with the trading team unless it is where he wants to be. Play out the single year contract and become a FA again.
RE: RE: RE: RE: I'll try and explain.  
Diver_Down : 2/2/2019 6:50 pm : link
In comment 14284733 Eman11 said:
Quote:
In comment 14284727 shyster said:


Quote:


In comment 14284709 Eman11 said:


Quote:




After reading all that, if I'm Foles and I buy out the option for two mil, no way am I signing the franchise tag. I'd want to be a FA and decide where I want to go instead of the Eagles trading me wherever for the best deal they can get.

I know if he signs the tag he'll be paid 5 mil more than what his contract would be now, but I think he'd more than make that back by signing where he finds his best deal.



If he gets the exclusive franchise tag, he can't negotiate a contract with other teams. There may be an issue of whether he could force the Eagles to rescind the tag because of the cap effect, but I haven't seen that confirmed.



Yes but if he buys out the contract for 2mil, he'll be a FA. If they then decide to franchise him, he doesn't have to sign the tag right?

I'm thinking if he doesn't sign it he'll still be a FA and not under their control.


You are confused. The tag restricts Foles. He can sign the tag and play for the Eagles (or whomever trades for him). Or he can not sign the tag. The Eagles would still retain his rights while the tag is extended. That also means that they must allocate $25M in cap space while the tag is extended. Foles can choose like LeVeon Bell and not sign the tag and hence not play.
Why would Foles want to leave, from what I have been reading if he  
SterlingArcher : 2/2/2019 6:51 pm : link
stays he get $25 million dollars! If he stays he is almost guaranteed to get some starts toward the end of the season sine Wentz doesn't seem to be able to play a full season.
RE: RE: RE: RE: RE: I'll try and explain.  
Eman11 : 2/2/2019 7:06 pm : link
In comment 14284738 Diver_Down said:
Quote:
In comment 14284733 Eman11 said:


Quote:


In comment 14284727 shyster said:


Quote:


In comment 14284709 Eman11 said:


Quote:




After reading all that, if I'm Foles and I buy out the option for two mil, no way am I signing the franchise tag. I'd want to be a FA and decide where I want to go instead of the Eagles trading me wherever for the best deal they can get.

I know if he signs the tag he'll be paid 5 mil more than what his contract would be now, but I think he'd more than make that back by signing where he finds his best deal.



If he gets the exclusive franchise tag, he can't negotiate a contract with other teams. There may be an issue of whether he could force the Eagles to rescind the tag because of the cap effect, but I haven't seen that confirmed.



Yes but if he buys out the contract for 2mil, he'll be a FA. If they then decide to franchise him, he doesn't have to sign the tag right?

I'm thinking if he doesn't sign it he'll still be a FA and not under their control.



You are confused. The tag restricts Foles. He can sign the tag and play for the Eagles (or whomever trades for him). Or he can not sign the tag. The Eagles would still retain his rights while the tag is extended. That also means that they must allocate $25M in cap space while the tag is extended. Foles can choose like LeVeon Bell and not sign the tag and hence not play.


Ok, thanks for clearing that up for me.

I originally thought the tag would only restrict a player who was still under team control and by buying out his contract for 2mil, he wouldn't be under their control. I figured that was his point in signing the two way option deal, where something could benefit him besides the salary.

That's what had me thinking if he didn't sign the tag his deal would go back to him being a FA, not a LeVeon Bell type situation where the team still controls him but again, thanks for clearing it up for me.
That's a lot of money for a guy who threw 4 picks  
MetsAreBack : 2/2/2019 10:13 pm : link
In two playoff games and looked dreadful against Atlanta, Tampa and LARams in the regular season.

Looked good against Houston and a Redskins team playing for nothing though!
Foles  
stretch234 : 2/3/2019 8:30 am : link
His options are

1 - making 20M for 1 year guaranteed

2 - making 25M for 1 year guaranteed

3 - paying 2M to be a FA and get multi year deal with large guarantees

I don't see where things are against Foles
RE: Foles  
Eman11 : 2/3/2019 9:26 am : link
In comment 14284969 stretch234 said:
Quote:
His options are

1 - making 20M for 1 year guaranteed

2 - making 25M for 1 year guaranteed

3 - paying 2M to be a FA and get multi year deal with large guarantees

I don't see where things are against Foles


If he gets tagged and traded, he doesn't have a say in where he gets traded to. I guess for 25 mil a guy could deal with that but he still has a family and not having a say where you're going to live for a year is definitely a negative IMO.
Stretch -  
Diver_Down : 2/3/2019 9:35 am : link
you are putting the cart before the horse. #2 doesn't happen unless #3 happens before.

But as I outlined above, Foles is restricted. He has no choice going forward. If he accepts the Mutual Option (doesn't pay $2M), then he will be guaranteed $20M on a 1 year deal. That option is playing for the Eagles or being traded under that salary guarantee. Still no choice.

He can decline the Mutual Option and pay $2M which will void the $20M salary guarantee. But the Eagles have already expressed their intention of tagging Foles if that is the case. In which case, he is still restricted and lost $2M.
2019 salary fully guarantees on 3/18/2019  
rasbutant : 2/3/2019 10:46 am : link
According to this the 20 mil isnít guaranteed unti March which would mean the eagles can cut him any time before than if they canít find a trade partner.

Teams just have to wait it out. They only make the trade if they want exclusive negotiating rights with a 1 yrs 20mil contract as leverage.
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