JAGS WILL SIGN FOLES TO 4 YEAR/$88 MILLION DEAL, RELEASE BORTLES

The Jaguars have their new starting QB. 

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The Jaguars will sign Nick Foles, as first reported by Ian Rapoport of NFL Network.

The deal will be worth $88 million over four years, an annual salary of $22 million. $50.125 million will be guaranteed and there is more money to be had with incentives. At this point it's not entirely clear how much Foles will make in year one, and if there will be a signing bonus to negate the cap hit in 2019. 

Upon the signing of the deal, which can't take place until the start of the league year on Wednesday, Blake Bortles will be released into free agency. The Jaguars will save $4.5 million against the salary cap in 2019 by releasing Bortles.

Foles is a former Super Bowl MVP, who the Jaguars believe will be "franchise lifting" quarterback. I tend to agree with them, so long as they sure up their offensive line and add at least two playmakers at skill positions moving forward. Foles worked with Jaguars new offensive coordinator John DeFilippo in 2017 and shouldn't have much of a learning curve in Jax. 

What do you think of the Nick Foles signing? Let us know in the comments below!