Given the current quarterback situation in Chicago, it seems inevitable Nick Foles will be on the move soon. It comes as no surprise, then, that NFL Network’s Mike Garafolo reports that the Bears “have explored trades” involving the veteran (Twitter link).
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Foles, 33, has been with the Bears for the past two years. He started seven games in 2020, posting a 2-5 record while throwing 10 touchdowns and eight interceptions. Last offseason, the team signed Andy Dalton and drafted Justin Fields, setting them up for the short- and long-term future. That left Foles on the sidelines for all but one game in 2021.
The former Super Bowl winner was thought to be a trade candidate even though Dalton only signed a one-year contract, and he will remain one with the addition of Trevor Siemian on a two-year pact. A deal has recently become more manageable, though, which could accelerate the process of Foles finding a new home.
As Garafolo notes, a $4M roster bonus Foles was due last week has been paid out. That, coupled with the fact that only $1M of his remaining compensation is guaranteed, would make it easy for a team to add him from a financial perspective. A trade would save the Bears $8M in cap space, while creating a dead money charge of $2.67M.
While most teams are settled with regards to their starting signal-caller, Foles could still be an effective backup on any number of teams. The question of where he lands next could soon be answered.
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