Jaguars officially sign QB Foles
JACKSONVILLE, Fla. (AP) — After repeatedly failing to find a franchise quarterback in the NFL draft, the Jacksonville Jaguars turned to free agency.
Maybe the new path will yield better results.
Given the lack of sustained success between predecessors Byron Leftwich, David Garrard, Blaine Gabbert and Blake Bortles, the bar is set pretty low for Nick Foles — even with a lucrative contract and a Super Bowl MVP trophy.
The Jaguars officially agreed to terms with Foles on Wednesday , the official start of free agency and two days after the sides settled on contract terms. A person with direct knowledge of the deal said it’s worth $88 million over four years and includes $50.125 million guaranteed. It could increase to $102 million with incentives, the person said. The person spoke to The Associated Press on condition of anonymity because neither side chose to disclose financial terms.
Foles will be formally introduced at a news conference Thursday.
Foles replaces Bortles, whose five-year tenure was known for inaccuracy and inconsistency that led to offensive instability.
The 30-year-old Foles went 6-2 in the regular season and 4-1 in the postseason in place of Philadelphia starter Carson Wentz the last two years. He earned 2018 Super Bowl MVP honors and became the league’s premier quarterback commodity on the market. Philadelphia opted not to use the franchise tag on Foles. He landed in Jacksonville, which had been the front-runner to get him for weeks.
The Jaguars are expected to release Bortles soon, parting ways with the third overall pick in the 2014 draft 13 months after handing him a three-year, $58 million contract. Bortles is due a $1 million roster bonus Sunday. Jacksonville will save $9.5 million against the 2019 salary cap by cutting him and designating it a post-June 1 release.
Bortles went 24-49 as a starter, throwing for 17,646 yards, with 103 touchdowns and 75 interceptions.
Bortles played turnover-free football in the 2017 postseason, helping the team reach the AFC championship game and showing enough growth that top executive Tom Coughlin and general manager Dave Caldwell opted to sign him to a new contract. The deal included $26.5 million guaranteed and left the Jaguars with little to spend in free agency.
They released five veterans last week, including former Pro Bowl defenders Malik Jackson and Tashaun Gipson, to clear $30 million in salary cap space. A significant chunk of that cash will go to Foles.
The Jaguars also re-signed guard A.J. Cann on Wednesday to a three-year, $15 million contract, preventing him from entering free agency.