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Nick Foles, Rams sign 2-year contract extension

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The former Eagles quarterback has a new deal.

Jasen Vinlove-USA TODAY Sports

The St. Louis Rams have signed Nick Foles to a two-year contract extension, as officially announced by the team. The two sides had reportedly been trying to work out a deal before the 2015 NFL season and they got it done. Mike Garafolo has some terms of the deal:

"Source says the final year of Nick Foles' extension (2017) can void based on performance. Value of the deal is more than $12m per year. Just under $14 million guaranteed."

The Rams obviously acquired Foles from the Eagles in a trade earlier this offseason that sent Sam Bradford to Philadelphia. The Eagles also gave up a 2016 second round pick along with Foles.

The Eagles originally drafted Foles in the third round of the 2012 NFL Draft. He looked great in 2013 when he was threw 27 touchdowns to only two interceptions but he struggled last season when he led the NFL in turnovers prior to suffering  season-ending injury. Here's a look at why the Eagles were right to move on from Foles.

Meanwhile, Bradford is still currently scheduled to be a free agent following the upcoming season. A recent report indicates the Eagles and Bradford have discussed a short-term deal, but there's no telling if/when a contract will get done.