Bears 'have explored trades' involving QB Nick Foles

[RELATED: Bears To Sign Siemian]

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.