Aug 23, 2018; Cleveland, OH, USA; Philadelphia Eagles quarterback Nick Foles (9) throws a pass during the first quarter against the Cleveland Browns at FirstEnergy Stadium.

Ken Blaze-USA TODAY Sports

Rumors: 'Sounds like Eagles will let Nick Foles walk'

January 28, 2019 - 8:38 pm
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By Andrew Porter

PHILADELPHIA (WIP) — The Philadelphia Eagles are likely to let Nick Foles walk, according to Cecil Lammey of 104.3 The Fan in Denver.

The Eagles will get a third-round compensatory pick for Foles, if he becomes a free-agent.  

The Eagles must decide if they are going to exercise the option to keep Foles and his $20 million salary in the week following the Super Bowl. If the Eagles do not excercise the option, Foles will become a free-agent. If the Eagles do exercise the option, Foles has five days to decide if he wants to pay back $2 million and void the option, becoming a free-agent.

If Foles accepts the option and stays with Philadelphia, the $20 million salary becomes fully guaranteed on March 18th, five days after the 2019-20 NFL season officially begins. 

Got all that? Andrew Brandt summarized the situation well for SI.com if you want to learn more.