Some have speculated that the Jets could have interest in Foles should he be available, considering that their standoff with Ryan Fitzpatrick is still ongoing. However, the Jets have yet to inquire about his availability.
One issue in regards to a Foles’ trade is the fact that $7.75 million of his contract is already guaranteed for the 2016 season. Some teams may view his salary as prohibitive in a potential trade, and elect to wait to see if the Rams will release him in the coming months.
As of now, Foles counts $8.75 million against the Rams’ 2016 salary cap, which breaks down to a $6 million roster bonus that is guaranteed, $1 million of signing bonus proration and $1.75 million in base salary. Releasing Foles outright would result in a cap hit of $7 million.
If the Rams were able to find a trade partner, they would pick up $6.75 million in cap space and just $2 million in dead money. Although, Cole says teams may be reluctant to trade a draft pick for him at this point in time.
Foles, 27, came over in a trade from the Eagles that sent Sam Bradford to Philadelphia. He had one year remaining on his rookie contract when the Rams signed him to a two-year, $24 million extension back in August of last year.
In 2015, Foles completed 56.4 percent of his passes for 2,052 yards, seven touchdowns and 10 interceptions. Pro Football Focus has him rated as the No. 36 quarterback out of 37 qualifying players.