The Jacksonville Jaguars have agreed to trade quarterback Nick Foles to the Chicago Bears, league sources told ESPN’s Adam Schefter on Wednesday, just one year after giving Foles the most guaranteed money in franchise history.
The Bears are giving up their compensatory fourth-round pick (No. 140 overall), which means the Jaguars now have 12 picks in the upcoming NFL draft.
Foles has already restructured his contract with the Bears, a source told Schefter. He still has three years and $21 million guaranteed left on the deal, the source said, but Foles now has the ability to void the deal after either of the first two years, depending on the upside of his performance.
The move means the Jaguars will have to absorb $18.75 million in dead money in 2020. After cutting Blake Bortles last March, the Jaguars will now have paid $35.25 million in dead money over the past two offseasons.
Trading Foles means the Jaguars are going with second-year player Gardner Minshew as their starter, unless they plan to use their stockpile of picks to move up in the first round to draft a quarterback.
The Bears, meanwhile, entered the legal tampering period on Monday with an urgent goal to acquire a veteran quarterback to compete with starter Mitchell Trubisky.
The second overall pick of the 2017 draft, Trubisky finished the 2019 season 28th in Total QBR (39.4), tied for 27th in touchdown passes (17), 21st in passing yards (3,138), 32nd in yards gained per pass attempt (6.1) and 28th in traditional quarterback rating (83.0).
Trubisky had surgery in January to repair a partially torn labrum in his left shoulder but is expected to be ready when training camp opens in July.
At last month’s NFL combine, Bears general manager Ryan Pace reaffirmed the organization’s belief in Trubisky, who threw for 3,223 yards, 24 touchdowns and 12 interceptions and rushed for 421 yards and three touchdowns in 2018. Pace, however, left the door open for possible competition at the quarterback position.
There is a strong familiarity level between Foles and Chicago’s coaching staff. Bears head coach Matt Nagy coached Foles in both Philadelphia and Kansas City. Offensive coordinator Bill Lazor, quarterbacks coach John DeFilippo and offensive line coach Juan Castillo all overlapped with Foles during various stints with the Eagles.
The trade is just the latest career twist for Foles, 31, since Philadelphia drafted him in the third round in 2012. He started six games as a rookie in place of an injured Michael Vick and came in to replace Vick again in 2013, throwing 27 touchdown passes and only two interceptions in 13 starts. Foles led the Eagles to the playoffs and was the offensive MVP of the Pro Bowl.
Foles was the Eagles’ unquestioned starter in 2014, but he suffered a broken collarbone in a Week 9 victory over Houston and finished the season on injured reserve. Coach Chip Kelly surprisingly traded him in the offseason to St. Louis for quarterback Sam Bradford, and Foles struggled with the Rams (7 TDs, 10 INTs) before being benched in favor of Case Keenum.
Foles has said multiple times that he considered retiring after the 2015 season because he had lost his love of the game. He agreed to sign with Kansas City as the backup to Alex Smith, mainly because he would be reunited with former Eagles coach Andy Reid.
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SOURCE: ESPN, Michael DiRocco