The Nick Foles trade is official.
Two weeks ago, the Bears agreed to deal a fourth-round pick, No. 140 overall, to the Jaguars for Foles. On Tuesday, it was officially posted on the NFL’s transaction log and, for the first time, acknowledged publicly by both teams.
A year after receiving a four-year, $88 million deal from the Jaguars, Foles had his contract restructured by the Bears. Foles has $21 million guaranteed and three years left but can void the deal after either of the next two seasons, according to ESPN.
Foles broke his collarbone in last year’s opener and started only four games all season. He hasn’t started more than five games in the regular season since 2015 but has been spectacular as a backup, leading the Eagles to the Super Bowl title at the end of the 2017 season. He’ll compete with Mitch Trubisky for the starting quarterback job.
NFL transactions have been delayed because of the coronavirus. Players are not allowed to visit team facilities for physicals. Recently, team doctors announced they would postpone them until the virus crisis had passed.
We have officially acquired @NickFoles from a trade with the Jacksonville Jaguars.— Chicago Bears (@ChicagoBears) March 31, 2020
During the resulting limbo, Bears officials have not been able to discuss the trade on the record. Foles was seemingly limited in what he could say, too. In a web chat with former Bears quarterback Chase Daniel on Monday night, the team’s name was barely mentioned.
The Bears received the 140th pick in March as part of the league’s compensatory draft formula, which rewards teams that lost more in the previous year’s free agency than they gained. It was the first time in 10 years that the NFL awarded the Bears such a pick.