Foles, who was due to make $7 million in the final season of a two-year contract, also will make several millions more in incentives if he becomes the starter and hits various statistical benchmarks.
It seems that the Eagles now can breathe a sigh of relief about their backup quarterback situation, especially if things fall off the tracks for Carson Wentz in his comeback from a torn ACL. Terms were not available, but reportedly Foles will receive a $2 million signing bonus.
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The report added as well that this does not mean the team is anxious about Wentz's availability. Even though Foles desires a starting job, Foles has a close, personal connection to Philadelphia and remains close with Wentz and coach Doug Pederson.
It's basically a 2-year deal with a mutual option after this season. All of this was highlighted by his stellar performance in the Super Bowl, where he completed 28 of 43 passes for 373 yards and three touchdowns that earned him the Super Bowl MVP award.
Foles is in Philadelphia now for off-season work-outs.