The Chicago Bears are reportedly “trying to get involved” in a trade for Jacksonville Jaguars quarterback Nick Foles, according to Michael Lombardi of The Athletic.
Hearing from a source Bears trying to get involved with trading for Nick Foles. Bears are all over this QB market.— Michael Lombardi (@mlombardiNFL) March 16, 2020
As we said earlier in the offseason, the Jaguars absolutely can trade Nick Foles and should be what they aggressively try to do in the offseason. Even with trading Foles you will have to eat some dead money, because of his guarantees, but it’s a lot more manageable than if you’re just cutting him. In a trade, the Jaguars would have to eat $18.5 million in dead money, but would be a net cap relief of about $4 million. The key here is, whatever team is getting Nick Foles in a trade is really only on the hook for his salary, which is not guaranteed and manageable at $15 million.
If the Jaguars really felt like they needed to overall cap relief, they could also designate it a post-June trade, with a dead money hit of $6.25 million and $12.5 million in 2020 and 2021, respectively. This would give the Jaguars a net cap relief in 2020 of $15.8 million.