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Posted on 12/17/18 at 2:45 pm to StraightCashHomey21
His contract potential for 2018 was $23 million because of various incentives and if the Eagles keep him next year they will pay $20 million.
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If he had gone the entire year without playing he would have made $9 million.
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So to reiterate, Dak is going to get a mega deal.
quote:
Friday, NFL Network reported the Eagles had agreed to a revised contract with Foles for the 2018 season that also includes a mutual option for 2019 that would allow him to hit the free agent market. Last year, Foles signed a two-year contract that would turn into a five-year deal if Foles remained on the Eagles' roster in February 2019.
Now, Foles will have the option to simply opt out and become a free agent, thus allowing him to pursue opportunities as a starting quarterback, if he so desires.
Per Ian Rapoport, Foles received a $2 million signing bonus and can earn several millions in incentives if he's the starter and hits various benchmarks. (UPDATE 4/21) Saturday, Rapoport reported that Foles can make up to $14 million in playing time, playoffs and Pro Bowl incentives. He's being paid a $3 million roster bonus, $2 million signing bonus and will earn a $4 million base salary in 2018.
Per Mike Garafolo, the mutual option allows the Eagles to pick up his 2019 salary ($20 million), but Foles can also opt for free agency by giving back the $2 million signing bonus he's receiving now as part of the restructuring of his contract.
Also, Foles can earn $250,000 for each game he plays (at a certain percentage of snaps) and that doubles to $500,000 if the Eagles win.
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quote:
Not only does Foles get a $2 million raise for the 2018 season, he now has the potential to earn up to $23 million through a number of different incentives. You can read a complete breakdown of the contract here.
Outside of the new money, the Eagles and Foles now have a mutual option for the 2019 season. The Eagles have the option to keep Foles under contract for $20 million in 2019 if they want -- but Foles has the ability to buy his way out of the deal by paying back his new $2 million signing bonus he just got.
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If he had gone the entire year without playing he would have made $9 million.
quote:
With Wentz likely to miss the final two weeks of the regular season, that means Foles is going to get a chance to seriously pad his bank account. Back in April, Foles restructured his contract with the Eagles and as part of the deal, Philly agreed to pay him a $250,000 bonus for every game where he took at least 33 percent of the snaps. The Eagles also agreed to tack on another $250,000 for any game that Philly won with Foles under center.
Basically, this means that Foles can rack up $500,000 in bonus money per week if he plays 33 percent of the snaps in a game AND the Eagles win. Under his contract, Foles makes $235,000 in base salary per week, so that's some serious bonus money.
Through 15 weeks this season, Foles has already earned $1.25 million in bonus money by winning two of this three starts, including Sunday's 30-23 upset over the Rams. If Foles starts the next two games and Philly wins them both, he'll earn another $1 million -- $500,000 for beating the Texans and $500,000 for beat the Redskins -- bringing his season total in bonus money up to $2.25 million. To put that in perspective, that total is more money than Dak Prescott and Deshaun Watson will make combined this year.
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So to reiterate, Dak is going to get a mega deal.
This post was edited on 12/17/18 at 2:50 pm
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