Nov 3, 2013; Oakland, CA, USA; Philadelphia Eagles quarterback Nick Foles (9) throws a pass during warmups before the game against the Oakland Raiders at Coliseum. Mandatory Credit: Ed Szczepanski-USA TODAY Sports

Report: Nick Foles on pace to get at least $18 million a season

In a Pro-Bowl Sophomore season, where Nick Foles threw 27 touchdowns and only two interceptions, he was among the lowest total cap hits for a starting Quarterback in the NFL, only counting just over $655,ooo against the cap (per Over the Cap). Whether or not Foles can build on that season in 2014, or takes a step back, remains to be seen, but no matter how he does he will only see his base salary rise from $500,000 to $615,000. Assuming he builds on his breakout season of a year ago, or even plays at a similar level, Foles would be well within his rights to pursue a new contract after the 2014 season.

Tim McManus of Birds 24/7 polled Joel Corry, a former NFL agent, on what type of deal that Foles could be looking at if he goes to the negotiating table after this season. (Foles’ deal doesn’t expire until after the 2015 season, but after the 2014 season, the Eagles are allowed to discuss a new deal with Foles for the first time.)

As expected, things aren’t going to be cheap.

Corry believes that Foles could end up in Jay Cutler territory. The Bears’ signal-caller recently inked a seven-year, $127 million deal that includes $54 million guaranteed.

“I’m not saying you have to go seven years, but you have to go 18 [per season] on the average,” said Corry. “Now to get in the game with quartertbacks, you’re going to have to go 18 million per season and close to 50 million in guarantees. [Colin] Kaepernick should get done before  training camp starts. That’s going to be another benchmark Foles is going to point to. And I can’t see that number coming in below Cutler. He wants $20 million per season…I wouldn’t be surprised if he gets it. That’s just going to be another data point to add to the equation to help Foles.”

$20 million territory isn’t anything to scoff at, but it wasn’t like I was expecting Foles to be in the $14-$16 million range. Franchise Quarterbacks get paid in the NFL today, and lately, they get paid around the tune of $18-$22 million per season.

I think another interesting benchmark for Foles to watch would be Alex Smith. While I hold Foles in a higher regard than I do Smith or Cutler (especially considering that he is playing in Chip Kelly’s offense), Smith is reportedly looking to get $18 million, and if he gets it, it only raises the value of Foles. If the Chiefs elect not to give Smith that money, which is sounds like they might, and he doesn’t get it in free-agency from another team, it keeps Foles’ value around $18 million.

Regardless of what happens with the quarterbacks who help to set Foles’ market value, the Eagles shouldn’t rush a deal. Franchise quarterbacks like Jay Cutler get paid ridiculous amounts, but won’t ultimately go on to win Superbowls. If the Eagles get the sense that Foles is an above-average Quarterback, but not one that could realistically win them a Superbowl, then why should they rush into a long-term deal? If Foles throws 25 touchdowns and 14 picks this year, and the Eagles lose in the first-round of the playoffs, then forcing an extension a year early wouldn’t make sense.

Tags: Nick Foles Philadelphia Eagles

  • John Down

    I agree, Tim. We’ll just have to see how Nick Foles does this year and next, and what quality starters get next year to see what he will probably want and will probably get. They will have to make decisions on some veterans who are going to hurt them in the salary cap if they are to keep Foles. Just how it is.

    • Tim Kelly

      Yeah, likely guys like Trent Cole, Brent Celek, and Todd Herremans. They also have to look at locking up Kendricks and Cox.

      • John Down

        Tim, why do you want to lock up an undisciplined, under-sized, poor coverage ILB in Kendricks? They can improve on him, maybe from within their own squad. They also have Demeco Ryans who can’t cover, either. Both ILB positions should be targeted for improvement, not “locking up.”

        • Tim Kelly

          Demeco Ryans is gone after next year when his cap number goes up. There are zero on roster improvements for Kendricks. He wraps up tackles, and made some big plays down the stretch last year. I’m excited to see what he does this year.

          • John Down

            We can agree to disagree on Kendricks. Lacks the size to play the position well, lacks discipline to maintain his gaps, arms are too short so he has a tough time shedding blockers and he can’t cover. Eagles fans see a fast guy running around making tackles but they miss the rest of the stuff that analysts pick up. Got bowled over in Saints game. Zero roster improvements? How about Najee Goode? Jake Knott? They like both of those guys. Whether they get a chance to start or not, IDK.