Nick Foles tells Eagles he's opting out, franchise tag next

The move paves the way for the Eagles to place the franchise tag on Foles. They are expected to do so in an effort to then try to trade him, sources from other NFL teams. Foles must now pay the Eagles $2 million to opt out.

The franchise tag number for quarterbacks is expected to be around $25 million for next season.

Nick Foles, the MVP of Super Bowl LII, came in for the oft injured Carson Wentz at the end of this past season and helped the Eagles to three straight regular-season wins and a playoff win against the Chicago Bears the wild-card round.

Foles, 30, completed 72 percent of his passes and threw for seven touchdowns and four interceptions in five regular-season games in 2018.

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