Most times when the reigning Super Bowl MVP agrees to a new contract on the verge of a new season, it’s huge news. But apparently, these aren’t normal times. With Carson Wentz on the mend, the Philadelphia Eagles and backup quarterback Nick Foles agreed to rework Foles’ contract with the Eagles.
As far as the deal itself, there isn’t a whole lot that’s particularly headline-worthy. It moves some money around from Foles’ salary to a signing bonus for agreeing to the new pact. Essentially that guarantees that amount – around $2 million – for the 2018 season on top of his salary and performance bonuses (some of which are new in the reworked contract). The biggest addition comes in the form of a mutual option for the 2019 season.
The Eagles and QB Nick Foles reached agreement on a revised contract for the 2018 season today, sources say. The deal includes a mutual option for the 2019 season, so Foles still has the chance to hit free agency next spring. Team wanted to reward the Super Bowl MVP.
— Mike Garafolo (@MikeGarafolo) April 20, 2018
Foles was set to become a free agent after this upcoming season. The concession on each side of this agreement is pretty clear.
Foles gets more guaranteed money in 2018 with additional incentives should he find himself the team’s starter again, and the Eagles get a chance to keep the quarterback beyond 2018 should he choose to opt in while giving him a little more money in the short term as a thank you for being their savior in 2017.
After Wentz went down late last season, Philadelphia appeared to be a write-off. But Foles took over and ultimately led the Eagles to a championship. In the culminating game, Foles went 28-43 for 373 yards with three touchdowns and an interception in their 41-33 victory over the New England Patriots.