According to Adam Schefter, the Bears have traded their fourth-round compensatory pick to the Jaguars for QB Nick Foles.
Mike Garafolo adds there will be some sort of contract restructure for Foles to allow the trade to go through.
Foles instantly steps in as a veteran option who has worked with Bears HC Matt Nagy extensively in the past when both were with the Chiefs.
He will likely compete with 2019 incumbent starting quarterback Mitchell Trubisky for the starting job in 2020.
For Jacksonville, this presumably clears the way for 2019 sixth-round rookie sensation Gardner Minshew to enter 2020 as the Jaguars’ unquestioned starting quarterback.
Jacksonville brought Foles in to be their starter last year. However, a broken left clavicle during his debut in Week 1 and was placed on injured reserve. Minshew stepped in and performed well in Foles’ absence.
The Jaguars gave Foles another shot later on in the year, but still finished out the season with Minshew as their starter.
Foles, 31, is a former third-round pick of the Eagles back in 2012. Philadelphia traded Foles to the Rams back in 2015 in a deal for QB Sam Bradford and he later signed an extension with the team.
Foles lasted just over a year with the Rams before he was released and later signed on with the Chiefs. After a year in Kansas City, Foles agreed to a two-year, $11 million contract with the Eagles.
From there, Foles signed a four-year, $88 million contract with the Jaguars that included $50.125 million guaranteed. He stands to make a base salary of $15,125,000 for the 2020 season.
According to OverTheCap.com, trading Foles would free up $3,087,500 of available cap space while creating $18,750,000 in dead money.
In 2019, Foles appeared in four games for the Jaguars and completed 65.8 percent of his passes for 736 yards, three touchdowns and two interceptions.
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