Rams Release Nick Foles After Giving Him $6 Million Bonus In March
Nick Foles was released by the Los Angeles Rams on Wednesday, after signing a two-year, $24.5 million ($13.8 million guaranteed) extension last offseason, and just four months after giving him a $6 million roster bonus.
Rams expecting to release QB Nick Foles, sources say. Trade never materialized. Release will make him a free agent. Not subject to waivers.
— Mike Garafolo (@MikeGarafolo) July 27, 2016
Foles was awful last season, posting a terrible 69.0 passer rating, a career-worst 6.1 yards per attempt, with seven touchdowns against 10 interceptions. The Rams were 4-5 in his nine starts.
The Rams released Foles at his request so he could seek another opportunity.
Foles requested his release from the Rams and the team granted it, source said.
— Mike Garafolo (@MikeGarafolo) July 27, 2016
Still, this is ridiculous. The Rams knew they were almost certainly going to draft a quarterback this year and Foles was already relegated to a spot behind Case Keenum on the depth chart. Yet when it came time to cut Foles before his roster bonus kicked in, they elected to keep him and waste that money.
Foles has reportedly agreed to a reduction in the guaranteed money he was owed for 2016 for the opportunity to become a free agent and choose his next team, but he still got that $6 million bonus.
The New York Jets are a quarterback-needy team and could be interested in Foles, who is still just 27-years-old and was a Pro Bowler in 2013.