Nick Foles contract details are out
The Kansas City Chiefs signed Nick Foles on Wednesday night. What are the terms?
In a fairly surprising move, the Chiefs signed quarterback Nick Foles, according to Mike Garafolo of NFL Network. Now we know the exact details of the contract.
Per Adam Schefter of ESPN, general manager brought in Foles for one year at $1.75 million plus incentives, along with a team option for 2017. This is where it gets interesting. If the Chiefs pick up that option, it pays out between $6.5 and $16 million, based on how Foles plays in 2016.
Chiefs giving Nick Foles $1.75M this year, plus incentives. Team option for 2nd year, which ranges bw $6.75-$16M based on 2016 performance.
— Adam Schefter (@AdamSchefter) August 4, 2016
Obviously, Foles is not seeing the second year of this contract unless Alex Smith gets hurt and Foles plays really, really well. In the meantime, one could argue that the Chiefs were able to land the best backup quarterback in football. Right now, the only quarterbacks who would even be in that conversation are Mike Glennon, Josh McCown, Chad Henne and A.J. McCarron.
For the Chiefs, this means that they believe the Super Bowl is a very real possibility. Feels good to be a Kansas City fan at the moment.