The deal still has three years remaining and $21M guaranteed. However, Foles now has the option to void the contract (depending on his performance) after either of his first two seasons in Chicago. Foles can presumably still earn upwards of $50M over the next three years.
Earlier Wednesday, the Bears sent a compensatory fourth-round to the Jaguars for the former Super Bowl MVP. This offseason, the Bears had been looking for a challenger to former first-round pick Mitchell Trubisky, and Foles will give the 26-year-old a run for his money.
Jacksonville was 0-4 in Foles’ four starts last season, with the 31-year-old completing 65.8% of his passes for 736 yards, three touchdowns and two interceptions.
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