Sunday, June 26, 2022

Ex-Bears QB almost signed with NFC rivals ends up with familiar face instead: report

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Nick Foles and Frank Reich are back together.

The former Chicago Bears quarterback has signed a two-year contract with the Indianapolis Colts, where he will be reunited with head coach Reich, first reported by NFL network insider Mike Garafolo on May 23rd. The 33-year-old quarterback is said to serve as a backup for suspected Colts starter Matt Ryan.

Reich was the offensive coordinator for the Philadelphia Eagles from 2016-17 and worked with Foles in 2017 when the two led the Eagles to their only Super Bowl win in franchise history. A top NFL insider also revealed that the Eagles were interested in a Foles reunion.

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Corresponding ESPN insider Jeremy FowlerPhiladelphia was also interested in reuniting with Foles, who is still popular in the city after being named Super Bowl 52 MVP. Fowler reported the Eagles ultimately opted to roll with Gardner Minshew and undrafted free agent QB Carson Strong to back up starter Jalen Hurts after flirting with the idea of ​​trading Minshew and adding Foles:

New Bears CEO Ryan Poles approved in March He tried to trade Foles, whose hefty contract likely put off other teams. The Bears decided to release Foles on May 1st, after no trading partners showed up, and it wasn’t long before he found a new home after that.

The Bears sent a fourth-round pick to the Jacksonville Jaguars in exchange for Foles in 2020 with the intention of letting him compete with former QB Mitch Trubisky for the starting job. He replaced Trubisky during the team’s third week of competition against the Atlanta Falcons in 2020 and finished the year with two wins in seven starts, completing 64.7% of his passes for 1,852 yards, 10 touchdowns and eight interceptions.

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According to salary cap experts Brad Spielberger from Pro Football Focus and Over the Cap, Foles will earn $2.5 million with the Colts this year and the Bears will receive a $1 million credit at the end of the 2022 season due to language in his contract is offset, reducing the $7,666,668 in dead Cap money left over from his Chicago contract.

The Bears restructured the four-year, $88 million deal Foles signed with the Jaguars in 2019. The Jags ate $18.75 million in dead money after his only season with them, eventually paying him $31 million for a year and four starts after a broken collarbone ended his season. Chicago restructured its deal and signed a three-year, $24 million deal with $21 million guaranteed money per over the cap.

It was a contract that most likely barred the Bears from trading it, as neither team wanted to give up draft picks in exchange for an aging backup with a $7 million+ dead cap.

Now Foles is reunited with an attacking coach who knows him well. “Frank Reich is one of my favorite coaches, if not my favorite coach of all time,” Foles said in August 2021 after being relegated to the third-row QB behind Justin Fields and Andy Dalton. “He sees me as a player. He understands me as a person.”

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