Jacksonville Jaguars quarterback Nick Foles is in... high demand?
That’s according to Adam Schefter of ESPN who is reporting that multiple teams are talking to Jacksonville about trading for Nick Foles.
Teams have approached Jacksonville about Nick Foles for weeks. To date Jacksonville has been unwilling to trade him. It still feels that way. But never know what happens if another team gets aggressive.— Adam Schefter (@AdamSchefter) March 16, 2020
That’s teams. With an “s”. Multiple teams. More than one. My God.
If Dave Caldwell somehow offloads Nick Foles this week, there won’t be enough self-control in the world to keep my pants from FLYING OFF.
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.