The Jacksonville Jaguars are trading quarterback Nick Foles to the Chicago Bears in exchange for a fourth-round draft selection, No. 140 overall, according to ESPN's Adam Schefter. CBS Sports NFL insider Jonathan Jones has confirmed the trade. NFL Media's Mike Garafolo adds that Foles is re-structuring his contract as part of the deal.
Foles parlayed a Super Bowl run with the Philadelphia Eagles into a lucrative contract offer in Jacksonville last offseason. The deal was worth $88 million over four years. After suffering an injury in Week 1, he essentially lost his starting job to rookie Gardner Minshew. Foles was named the starter when he returned but eventually lost that right in three weeks. He now gets a chance to compete for a starting position again in Chicago. The AFC South franchise paid $30.5 million for four starts from Foles, according to NFL Media's Tom Pelissero. He won none of those games and now leaves behind an $18.75 million dead cap hit.
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