The rumors surrounding the Eagles-Nick Foles situation appear accurate. The Eagles informed the Super Bowl LII MVP they are going to pick up his $20MM option, Tim McManus of ESPN.com tweets.
Rather than hitting free agency, Foles remains under Eagles control. However, this is likely the start of an extensive process.
Foles is expected to pay $2MM to free himself from this option, and the Eagles are then rumored to be planning a rare tag-and-trade scenario. Philadelphia’s target is somewhat modest: a third-round pick. But that pick would likely come in the 2019 third round, rather than the 2020 draft in a compensatory scenario. Foles, 30, is expected to sign the franchise tender immediately. It would be worth approximately $23MM.