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Super Bowl MVP Nick Foles and the Philadelphia Eagles have agreed to a revised contract, according to a report from NFL insider Mike Garafolo. The details:
The Eagles and QB Nick Foles reached agreement on a revised contract for the 2018 season today, sources say. The deal includes a mutual option for the 2019 season, so Foles still has the chance to hit free agency next spring. Team wanted to reward the Super Bowl MVP. Foles’ deal was about hooking him up after his performance in the postseason. It is not a reflection of the team’s feeling on [Carson] Wentz’s recovery. They remain confident he’s working his way back.
More info from Ian Rapoport:
He got a $2M signing bonus and several millions in incentives if he’s the starter and hits various benchmarks, source said.
It makes sense that the Eagles would want to reward Foles after he, you know, helped Philadelphia win their first Super Bowl in franchise history.
It’s interesting to see there is now a mutual option for Foles to return in 2019. He was previously set to be an unrestricted free agent after 2018. It’s still very possible he looks to test the free agent market after this season, especially since he recently said he “would love the opportunity to be a starter again.” And there obviously isn’t an opportunity here for him in Philly with Carson Wentz around.
There’s still an entire season’s worth of time for Foles and the Eagles to figure out what the future holds for both sides. For now, Foles will be the backup to Wentz once again in 2018.
UPDATE: More details on the contract.
The #Eagles and QB Nick Foles agreed to terms on a $2M raise for 2018, source said, but he can earn much more. Foles can make up to $14M total in playtime, playoffs and Pro Bowl incentives. ... He’s been paid a $3M roster bonus & signing bonus of $2M. He will make a $4M salary.
— Ian Rapoport (@RapSheet) April 21, 2018