As part of the agreement for his release, former Los Angeles Rams quarterback Nick Foles gave up $750,000 in guaranteed money to help make the move happen.
When looking at the ridiculous money he was making on his contract, it was no surprise to see the Los Angeles Rams struggle to find a trade partner with Nick Foles–who was released by the team last week per the quarterback’s request.
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For some reason, the Rams thought it would be wise to give Foles a ridiculous two-year, $24.5 million extension prior to last season after he was acquired from the Philadelphia Eagles as part of the Sam Bradford deal. Instead of being the quarterback savior Los Angeles has desperately been looking for, Foles only season with the team ended up being a disaster after throwing for just seven touchdowns in 11 starts–which is nothing short of embarrassing for a starting NFL quarterback.
Foles will most likely find a new home over the next couple of weeks for a team in need of a backup, but the good thing is he’s no longer a problem for the Rams–even if it did hurt the team from a financial standpoint. One week after his release, details are starting to come out about how things went down with Los Angeles and Foles as the team was able to at least get some money back from the quarterback.
According to Mike Florio of ProFootballTalk.com, Foles agreed to give up $750,000 of his $1.75 million in guaranteed money in order to secure his release from the Rams. While this amount of money is nothing compared to some of the other contracts in the league, they always say even the slightest amount is better than nothing at all–which is how Los Angeles has to look at the situation.
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Ever since the team moved up in the 2016 NFL Draft to select Jared Goff at No. 1, it was obvious Foles wasn’t part of the long-term plan for the Rams at quarterback. As bad as it sounds, Los Angeles deserves a little bit of credit for realizing their mistake with Foles to move on after one season instead of waiting things out to see if he improved down the road–which most likely never would have happened.