Roseman: Eagles will not franchise tag Nick Foles

Andrew Porter
February 27, 2019 - 12:41 pm
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Nick Foles is free. 

Related: Do Raiders, Giants or Dolphins have interest in Foles?​

Howie Roseman addressed the media at the NFL combine on Wednesday and announced that the Eagles will not franchise tag Nick Foles, letting him become a free-agent. 

"We've been so fortunate the over last couple of years to have to have two top 15 quarterbacks in Carson (Wentz) and Nick," Roseman said. "We've spent a lot of time discussing this internally and with him and we have decided to let Nick become a free-agent."

The window for NFL teams to place the franchise tag on players closes on March 5th. The franchise tag is expected to be around $25 million for quarterbacks. 

There was plenty of risk in franchising Foles. If the Eagles did tag Foles, and he signed it, the $25 million becomes fully guaranteed. That means the Eagles would be unable to remove it from their salary cap and would be committing $25 million to him as the backup to Wentz. The possible destinations for Foles have decreased, so tagging and trading him became increasingly more difficult. 

Foles informed the Eagles on February 5th that he would buy his way back into free agency, not picking up his end of the mutual option and paying the team back $2 million to do so. 

Jacksonville and Miami are two potential landing spots for Foles in free-agency. 

"The most likely landing place, I still believe, is Jacksonville," Ray Didinger told Joe DeCamara and Jon Ritchie on Wednesday's 94WIP Midday Show. "And I think that would be a great landing spot."

Foles, originally drafted by the Eagles in 2012, re-joined the team for a second stint before the 2017 season. Of course, Foles replaced an injured Wentz in Week 14 and led the Eagles to their first Super Bowl in franchise history, being named the Super Bowl LII MVP.

The 30-year-old QB will go down as a Philadelphia sports hero and will be loved by the city forever. 

Nate Sudfeld, 25, takes over as the Eagles' backup quarterback.