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NGT: Eagles pick up Foles' $20 mil option....

BillKo : 2/5/2019 9:09 pm
...and Foles immediately says he'll pay $2 mil to be a free agent.

Eagles now can only gamble and franchise him, hoping to trade him.
I really hope it blows up  
SLIM_ : 2/5/2019 9:21 pm : link
in their face.
So how does this work?  
Jerz44 : 2/5/2019 9:24 pm : link
They pay him 20 mil and he gives 2 back and is a free agent?
I think he just pays $2 million to get out of the contract.  
St. Jimmy : 2/5/2019 9:26 pm : link
The $20 million would have been his salary in 2019.
No......  
BillKo : 2/5/2019 9:27 pm : link
...he pays $2 mil to be a free agent. Eagles get back the $20 mil.

Now, they can franchise him and hope to trade him. But, who would do that? I think the few team(s) that might want Foles know the Eagles will have to ultimately take off the franchise tag.

Or, they'd have a $25 million backup who the fans will be clamoring for when Wentz plays a poor half.
Whatever happens, I hope it turns out well for Foles.  
CT Charlie : 2/5/2019 9:34 pm : link
I've always liked and respected him.
Wouldn’t they have to have 20 million in space  
LauderdaleMatty : 2/5/2019 10:01 pm : link
To exercise that option? So they have that space?
isnt it kind of dick  
Jerz44 : 2/5/2019 10:51 pm : link
of them to make him pay $2 mil? can they not just release him?
RE: isnt it kind of dick  
Boy Cord : 2/5/2019 10:56 pm : link
In comment 14288565 Jerz44 said:
Quote:
of them to make him pay $2 mil? can they not just release him?


It’s in his contract. Both sides played their hands. In the words of Tony Soprano, ‘It’s business.’

Foles  
Archer : 2/5/2019 11:11 pm : link
I hope that he signs the franchise tag and that the Eagles cannot trade him
Actually  
GeoMan999 : 2/5/2019 11:30 pm : link
The Eagles will hold discussions with teams to see which might be interested in trading for him, presumably for a 3rd round draft choice this year, which would be better than next year’s late 3rd round compensatory pick they would otherwise get for him.

If there is no interest, they will just release him.

Current thinking is that the Jaguars and perhaps the Broncos might be willing to do a deal, but no one knows for sure yet.
Actually  
GeoMan999 : 2/5/2019 11:31 pm : link
The Eagles will hold discussions with teams to see which might be interested in trading for him, presumably for a 3rd round draft choice this year, which would be better than next year’s late 3rd round compensatory pick they would otherwise get for him.

If there is no interest, they will just release him.

Current thinking is that the Jaguars and perhaps the Broncos might be willing to do a deal, but no one knows for sure yet.
RE: Wouldn’t they have to have 20 million in space  
LakeGeorgeGiant : 2/6/2019 4:59 am : link
In comment 14288536 LauderdaleMatty said:
Quote:
To exercise that option? So they have that space?


My understanding is that they don't have to be under the cap until 3/13 when the 2019 cap goes into effect.
Nate Sudfeld might be even better than Foles  
Brown Recluse : 2/6/2019 6:27 am : link
.
RE: I think he just pays $2 million to get out of the contract.  
ron mexico : 2/6/2019 7:06 am : link
In comment 14288521 St. Jimmy said:
Quote:
The $20 million would have been his salary in 2019.


I've never heard of a contract like that before.

Do the eagles apply that 2 mil to the cap? I.e. Do they get extra cap from this?
Not the most reliable source  
Essex : 2/6/2019 7:17 am : link
but the scroll on sports center this morning said without attribution the “Eagles plan to franchise Foles”
Foles has been more than worth the money to the Eagles the last  
wgenesis123 : 2/6/2019 7:49 am : link
two years. At 25 million he would of course be expensive but if the Eagles view him as a guarantee that they remain competitive they may be willing to bite that bullet.
He paid the 2 Million  
BigBlueDownTheShore : 2/6/2019 7:57 am : link
To get out of the contract. I just heard it on local tv getting ready this morning here in Philadelphia
If he's tagged, then the Eagles are trying to trade someone  
JohnB : 2/6/2019 8:27 am : link
who is a one year option only. Who is going to give them a worthy draft pick for a one year player?

The receiving team wants Foles to do great but in the end, "doing great" will cost them a lot of money. It isn't a path I would like the team I was rooting for, to travel
If they tag him  
ron mexico : 2/6/2019 8:33 am : link
does he still pay the $2 mil?
RE: If they tag him  
Diver_Down : 2/6/2019 8:39 am : link
In comment 14288648 ron mexico said:
Quote:
does he still pay the $2 mil?


Yes. The $2M is his responsibility to decline the Mutual option of $20M for 2019. He isn't eligible for the tag until the current contract is voided.
For those that missed it,  
Diver_Down : 2/6/2019 8:41 am : link
this was discussed a few days ago. While the formality of the Mutual Option wasn't picked up, the discussion explains the contract and the steps that need to transpire for Foles.
Foles Contract Discussion - ( New Window )
RE: RE: If they tag him  
ron mexico : 2/6/2019 8:42 am : link
In comment 14288652 Diver_Down said:
Quote:
In comment 14288648 ron mexico said:


Quote:


does he still pay the $2 mil?



Yes. The $2M is his responsibility to decline the Mutual option of $20M for 2019. He isn't eligible for the tag until the current contract is voided.


Why would his agent agree to this?

Sign a contract that potentially pays you $20 mil that you can get out of but the team can still franchise tag you and pay you roughly $20 mil.
RE: If he's tagged, then the Eagles are trying to trade someone  
Diver_Down : 2/6/2019 8:44 am : link
In comment 14288643 JohnB said:
Quote:
who is a one year option only. Who is going to give them a worthy draft pick for a one year player?

The receiving team wants Foles to do great but in the end, "doing great" will cost them a lot of money. It isn't a path I would like the team I was rooting for, to travel


It isn't a 1yr option only. Foles has the right to negotiate an extension with the Eagles or the new trading team up to July. The tag only restricts Foles ability to negotiate on the open market while guaranteeing a $25M salary once the tender is signed.
RE: RE: RE: If they tag him  
Diver_Down : 2/6/2019 8:47 am : link
In comment 14288655 ron mexico said:
Quote:
In comment 14288652 Diver_Down said:


Quote:


In comment 14288648 ron mexico said:


Quote:


does he still pay the $2 mil?



Yes. The $2M is his responsibility to decline the Mutual option of $20M for 2019. He isn't eligible for the tag until the current contract is voided.



Why would his agent agree to this?

Sign a contract that potentially pays you $20 mil that you can get out of but the team can still franchise tag you and pay you roughly $20 mil.


It is a crazy contract with various hurdles that I haven't seen before. I just looked at Spotrac and the contract has been voided with Foles paying the $2M. Consequently the details of the Mutual Option are no longer visible. It was an interesting contract to study for geeks like me.
They exercise the option  
djstat : 2/6/2019 9:07 am : link
He buys the contract out for $2 Million.

Eagles then Franchise him for $25 million.

If I am Foles I refuse to sign franchise tender and destroy their cap space forcing them to make him a FA
To pay Foles in the 25 million range  
Essex : 2/6/2019 9:23 am : link
and give up a high draft pick (1st and 2nd Round) for me does not sound like a good move for any franchise, and I think more highly of FOles than most on here. And, say what you want about Kirk Cousins being a loser in big game (which is true and Foles being the opposite), Kirk Cousins is a better QB than Foles by a good distance.
Third round pick  
GeoMan999 : 2/6/2019 9:51 am : link
The word is they would be happy with a third round pick this year vs. the late third round compensatory pick next year.

Look at the $25 million salary as a placeholder until they negotiate a more reasonable contract, although he would likely get around $20 million a year on the open market.

Yes, the $2 million would be deducted from this year’s cap. Remember they overpaid him last year as part of the overall contract scheme.
RE: Third round pick  
ron mexico : 2/6/2019 9:55 am : link
In comment 14288760 GeoMan999 said:
Quote:
The word is they would be happy with a third round pick this year vs. the late third round compensatory pick next year.

Look at the $25 million salary as a placeholder until they negotiate a more reasonable contract, although he would likely get around $20 million a year on the open market.

Yes, the $2 million would be deducted from this year’s cap. Remember they overpaid him last year as part of the overall contract scheme.


$2mm deducted or added?
Why would they get a cap hit for receiving money from a player?
RE: RE: If he's tagged, then the Eagles are trying to trade someone  
JohnB : 2/6/2019 10:16 am : link
In comment 14288658 Diver_Down said:
Quote:
In comment 14288643 JohnB said:


Quote:


who is a one year option only. Who is going to give them a worthy draft pick for a one year player?

The receiving team wants Foles to do great but in the end, "doing great" will cost them a lot of money. It isn't a path I would like the team I was rooting for, to travel



It isn't a 1yr option only. Foles has the right to negotiate an extension with the Eagles or the new trading team up to July. The tag only restricts Foles ability to negotiate on the open market while guaranteeing a $25M salary once the tender is signed.


Agreed but the open market is where Foles will get the most amount money. If I were Foles, I'd take the tag, play for the Eagles (or whomever) for FT$ in 2019 and hit the open market in 2020.

And if I were a GM, I'd stay away from trading for Foles because he could very well walk at the end of 2019
Are you sure they can still franchise him?  
WillieYoung : 2/6/2019 10:29 am : link
What does he get for the two million?
He gets to be either a FA  
Eman11 : 2/6/2019 10:54 am : link
If they don't tag him and a bump to 25 mil if they do. Subtract the 2mil buyout and he'd be netting 23 mil instead of 20 in salary for 2019.
Lets see how this plays out  
Beer Man : 2/6/2019 11:02 am : link
OTC has them currently at $16M over the 2019 Salary cap, and Nick accounts for $21.6M of cap space. There was an article earlier in the week that says they were going to do this to trade him. I'm not sure how much they will receive in return. They can still save $20M on the cap if they cut him after Jun-1 ($18.8M pre-jun-1)
It is sort of funny that everyone was lovey lovey  
St. Jimmy : 2/6/2019 11:34 am : link
and wanted to do right with each over and now it is a business.
RE: If he's tagged, then the Eagles are trying to trade someone  
Mike in Boston : 2/6/2019 12:27 pm : link
In comment 14288643 JohnB said:
Quote:
who is a one year option only. Who is going to give them a worthy draft pick for a one year player?

The receiving team wants Foles to do great but in the end, "doing great" will cost them a lot of money. It isn't a path I would like the team I was rooting for, to travel


A team that has spoken with Foles' agent and is confident they can do a long term deal, and fears a bidding war if he hits FA
RE: RE: Third round pick  
GeoMan999 : 2/6/2019 1:04 pm : link
They would get $2 million cap relief.

In comment 14288765 ron mexico said:
Quote:
In comment 14288760 GeoMan999 said:


Quote:


The word is they would be happy with a third round pick this year vs. the late third round compensatory pick next year.

Look at the $25 million salary as a placeholder until they negotiate a more reasonable contract, although he would likely get around $20 million a year on the open market.

Yes, the $2 million would be deducted from this year’s cap. Remember they overpaid him last year as part of the overall contract scheme.



$2mm deducted or added?
Why would they get a cap hit for receiving money from a player?
RE: It is sort of funny that everyone was lovey lovey  
Zeke's Alibi : 2/6/2019 1:54 pm : link
In comment 14288924 St. Jimmy said:
Quote:
and wanted to do right with each over and now it is a business.


At the end of the day its always a business, but there seems to still be a feeling of amicability. Impressive considering how weird the situation is with the payback.
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