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Adam Schefter reported multiple teams were inquiring about trading for him. I consider him a pretty viable source.
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Yes but the point is the reason draft pick comp was expected to be less is that his contract was terrible. Doesn't matter who removed that obstacle. Once removed his value is higher. Seems likely Jags perhaps let the Bears talk to Foles before the deal was officially as the fact a restructure happened was announced same day as trade. We just didn't know the terms.
Nick Foles at the current contract discussed is worth more than Nick Foles at the old contract. Again I would still have gone with someone not requiring comp but I don't see how you can argue the structure is not better unless the terms are not what is now currently being reported.
dbldrew
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without knowing what the incentives are its hard to say how much a risk there is. It could be as simple as start x amount of games. So if the insensitives are easily attained for him he has the ability to earn more. It also keeps his guarantee the same and gives him an out if Mitch continues to be the starter so he can move on to a team and become the starter.
Obviously its all speculation until more in known
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Yeah just speculation at this point but I would think it it is better for him that if he blows up then he can be a free agent. If he sucks, the Bears are still locked in to giving him 20.25 million over 3 years. If I were him I would want to maximize my money if I were good and if I am not then I settle into a comfy backup role.
wazzupi
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Bears have drafted 1 less QB in the past 21 years over the Patriots (I included Jay cutler)
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""
The restructured contract lowers Foles’ 2020 base salary from $15.125 million to $4 million, giving him a considerably smaller salary-cap hit of $5.33 million. Here is how the money breaks down in his new deal (all money is fully guaranteed with the exception of the 2022 base salary, which is guaranteed for $1 million):
- 2020: $4 million base salary, $4 million signing bonus.
- 2021: $4 million base salary, $4 million roster bonus.
- 2022: $4 million base salary, $4 million roster bonus.
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The final two years of the contract would automatically void if Foles is on the field for at least half of the Bears’ offensive plays during the regular season and postseason and they reach the NFC championship game. The deal can be voided after two years if similar provisions are met in 2021.
So just as an update the void of the contract is based on us making NFC champ game and Foles playing half of offensive snaps. From Bears26 article.
dennehy
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Turns out to be a very nice deal for the Bears.
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Exactly. Win for Foles to get his chance to prove worth and still be set either way.
+
It was my understanding the 4th Rd pick was basically the exchange for JAX is footing a $18.75m cap hit this year - allowing Bears' remaining hit to be lessened & spread out.
dabears70
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Once again CCS was too quick to shit all over Pace for the trade before even knowing what the actual deal was.
Just sayin............
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Yes and there were times when we will shit on Pace and end up being right. Such is life.
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You're such a dipshit.
dabears70
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Well you would know since you shit on Pace no matter what he does.
Such is life in the world of negativity.
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Except of course I admitted it was a good deal once the full information came out. Unlike you I call it like I see it and if need be revise my opinion once new information is received.
dbldrew
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interesting, so Foles gets screwed over if Mitch continues to be the starter, he gets payed way less and no chance to meet the incentives and no chance to get out of a back up roll/contract.
of course there is not a big chance that happens, more then likely Mitch sucks again and Foles is the starter
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I think from his perspective it is more about betting on himself to succeed. If he is not good enough to beat out Mitch then he likely wasn't going to be getting a big deal anyways but gets 21m guaranteed.
If he and the the team succeed then he can void the deal and get a bigger contract while earning up to 6 million in incentives. So that is pretty much what I expected.
If he and the the team succeed then he can void the deal and get a bigger contract while earning up to 6 million in incentives. So that is pretty much what I expected.
Myk
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If Foles is getting backup pay does that mean Mitch starts and plays out his contract?
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