NFL Network: Bears Acquire Nick Foles in Trade, Jaguars

The Jacksonville Jaguars are attempting to mitigate one of many costliest errors in franchise historical past. The Chicago Bears may benefit from the purge.

The Jaguars agreed Wednesday to commerce quarterback Nick Foles to the Bears for a compensatory fourth-round draft decide, in response to an individual accustomed to the transaction. The particular person spoke to The Associated Press on situation of anonymity as a result of the commerce was not but official.

The Jaguars are dumping Foles a bit of greater than a yr after giving the 2018 Super Bowl MVP a four-year, $88 million contract that included a whopping $50.125 million assured.

The Bears are getting a veteran starter to compete with Mitchell Trubisky, who struggled in his third season. They are anticipated to transform Foles’ contract, which has three years remaining.

Foles is because of make $15.125 million in 2020 and would have counted $21.837 million towards Jacksonville’s wage cap. Dealing him will nonetheless be pricey for the Jaguars – they are going to tackle $18.75 million in useless cash this fall – however it can release about $35 million over the subsequent two years. Jacksonville saves a bit of greater than $Three million in 2020 by buying and selling him.

The Jaguars are in full rebuild mode after their 10th dropping season in the final 12 years. Last March, proprietor Shad Khan, GM Dave Caldwell and Coach Doug Marrone raved about Foles and what it meant to lastly have a franchise quarterback after a decades-long search that noticed Jacksonville attempt Byron Leftwich, David Garrard, Blaine Gabbert, Chad Henne and Blake Bortles.

But the 31-year-old Foles ended up being the newest bust in Jacksonville. He broke his left collarbone early in the season opener, missed the subsequent eight video games after which acquired benched in his third sport again.

Rookie Gardner Minshew, a sixth-round draft decide from Washington State, performed properly sufficient in Foles’ absence to make Caldwell and Marrone consider he’s acquired extra upside transferring ahead. It additionally made Foles expendable.

Jacksonville had been keen to maintain Foles as a high-priced backup. But a wild carousel of QB strikes to open free company – Philip Rivers to Indianapolis, Tom Brady reportedly to Tampa Bay and Teddy Bridgewater to Carolina – created a marketplace for Foles.

Now, he heads to the Windy City.

Bears GM Ryan Pace has made it clear the group is dedicated to Trubisky regardless of his regression in 2019. Pace largely tied his popularity to Trubisky by buying and selling up a spot with San Francisco to draft him with the No. 2 general decide in 2017, forward of Kansas City’s Patrick Mahomes and Houston’s Deshaun Watson.

While Mahomes and Watson have emerged as two of the perfect quarterbacks in the league, Trubisky has blended some promising flashes with poor choices and even worse throws.

The Bears have been hoping he would take an enormous step ahead final season – his second in coach Matt Nagy’s system – however that didn’t occur. His yards (3,138), completion charge (63.2 p.c), touchdowns (17) and ranking (83) all dropped from the earlier yr.

Foles, in the meantime, accomplished 77 of 117 passes for 736 yards with three touchdowns and two interceptions in 4 video games final season. He additionally ran 4 instances for 23 yards and misplaced two fumbles.

He was essentially the most coveted free-agent quarterback available on the market in 2019 after main Philadelphia to 4 playoff victories over two seasons, together with the franchise’s first NFL title since 1960. He earned 2018 Super Bowl MVP honors and a season later made himself the league’s high QB commodity.

Jacksonville will flip to Minshew for the foreseeable future. Joshua Dobbs will function Jacksonville’s backup. The Jags traded a fifth-round decide to Pittsburgh final September for Dobbs.

Still, Caldwell and Marrone will eternally be saddled with badly botching Jacksonville’s quarterback state of affairs in consecutive years.

With former high govt Tom Coughlin calling the photographs, the Jaguars paid Bortles a three-year, $58 million contract in February 2018. The deal included $26.5 million assured and value the Jags $16.5 million in useless cash final yr. It was the best dead-money cap hit in NFL historical past.

The Jaguars topped that by buying and selling Foles and raised their two-year complete for paying quarterbacks to not play for them to $35.25 million.

That sort of fiscal squandering primarily compelled Jacksonville to half with a number of defensive veterans during the last two years, together with reducing security Tashaun Gipson, defensive sort out Malik Jackson and defensive sort out Marcell Dareus, and buying and selling cornerback A.J. Bouye and defensive finish Calais Campbell.

The upside for Jacksonville: Caldwell and Marrone now have 12 picks in the upcoming draft, together with seven in the primary 4 rounds.