Nick Foles to enter free agency after Eagles opt not to use franchise tag
Nick Foles will enter free agency next month after the Philadelphia Eagles opted not to use the franchise tag on their Super Bowl-winning quarterback.
The Eagles' executive vice president of football operations, Howie Roseman, confirmed on Wednesday the team will not use the last available tool at their disposal to keep the 30-year-old.
"We've spent a lot of time discussing this internally and with him and we've decided to let Nick become a free agent," Roseman said, via NFL Media.
The franchise tender was reportedly worth about $25million. Roseman insisted the Eagles did not take the decision lightly, but expressed the confidence the team has in Carson Wentz going forward.
"It's hard when you have someone who's incredibly available to your organisation at the most important position in sports," he added.
"And at the same time, we've had incredible success with him when he's had to play. Four playoff wins over the last two years. Great team-mate. Huge resource for Carson and [third-string QB] Nate Sudfeld, as well.
"But at the same time, he deserves an opportunity to lead a team. It's a goal of his to lead another team and lead another locker room."
Earlier this month, Foles informed the Eagles he would pay $2m to buy out the final year of his contract, after the franchise picked up his $20m option for 2019.
That meant the team needed to use the franchise tag to keep Foles – who led them to glory in Super Bowl LII and again stepped in at the end of last season – under their control.
That would have allowed them to pursue trade offers and receive draft picks as compensation if they were to move on from him.
Instead, Foles becomes an unrestricted free agent. Given his late-season heroics the past two years, he should be a hot commodity, with the Jacksonville Jaguars, Miami Dolphins and Washington Redskins among his possible destinations.
Foles was in his second spell with the Eagles, who drafted him in the third round of the 2012 NFL Draft.