Foles signed a four-year, $88 million deal with Jacksonville last offseason that NFL Network’s Mike Garafolo reported will be restructured in the trade. Coming off of leading the Eagles to a Super Bowl victory against the Patriots, he was named the Week 1 starter for the Jaguars, but he suffered a broken clavicle in his first game with the team and was replaced by Gardner Minshew. Foles returned in Week 11 and took over the starting role, but proceeded to lose in three straight games before being benched for Minshew for the remainder of the year.
The 31-year-old Foles isn’t as attractive of an option as Cam Newton or even Andy Dalton, but he does have ties to their Bears’ coaching staff. He played under Matt Nagy, Bill Lazor and John DeFilippo with the Chiefs, Eagles and Jaguars, respectively. His familiarity with the system Chicago has in place likely influenced the team’s decision to trade for him. He will likely push Mitchell Trubisky for the starting quarterback position this fall.
The Bears will take on the final three years of Foles’ deal, and the Jaguars will take on a dead cap charge of $18.75 million for 2020, ESPN’s Field Yates reported. It’s surprising the Jaguars were able to find anyone willing to fork over any significant draft capital for Foles’ contract, let alone a fourth-round pick. With this move, the Bears now lack a draft pick in the first, third and fourth rounds.