Eagles Bring Back Nick Foles On Two-Year Deal
PHILADELPHIA (CBS) -- Guess who's back?
Related: Twitter Reactions To Eagles Signing Nick Foles
The Eagles have signed Nick Foles to a two-year deal.
#Eagles and QB Nick Foles agree to terms on a two-year deal. #FlyEaglesFly
— Philadelphia Eagles (@Eagles) March 13, 2017
More: https://t.co/rCGd9xxOM4 pic.twitter.com/f18RKWCJ53
The two-year deal is reportedly worth $11 million with $7 million guaranteed.
Nick Foles gets $11m over two years from the Eagles, source says.
— Mike Garafolo (@MikeGarafolo) March 13, 2017
Foles, 28, was a third-round pick of the Eagles in 2012.
Foles was traded to the Rams in 2015 and played three games as the backup in Kansas City last season, after reuniting with Andy Reid.
Related: Roseman: Report On Wentz's Elbow Soreness Is 'Not True'
Current Eagles backup quarterback Chase Daniel has been involved in trade rumors. Daniel, 30, signed a three-year deal worth $21 million with the Eagles last offseason and has a cap hit of $8 million this season, with a dead money amount of $7 million if released.
Since the savings would be minimal if he was released, the Eagles seem likely to trade Daniel.
QB Chase Daniel holds $7M dead cap w/ the #Eagles if released ($1M savings), but only $2M ($6M savings) if traded. https://t.co/DxRgAKbmrv
— Spotrac (@spotrac) March 13, 2017
According to a report, Chase Daniel has asked for a release and the Eagles are expected to grant it. However, according to Spotrac.com, Daniel has offset language in his contract that could save the Eagles some cap space if he is in fact released.
Chase Daniel has asked for his release and it is expected to be granted today, source tells @caplannfl: https://t.co/BtJW5VX0d7
— Tim McManus (@Tim_McManus) March 13, 2017
If released, Chase Daniel's $5M guaranteed salary does contain offsets, meaning his next salary will be subtracted from #Eagles dead cap.
— Spotrac (@spotrac) March 13, 2017