Eagles executive vice president of football operations Howie Roseman announced on Wednesday that the team will allow Nick Foles to become a free agent and not franchise tag the quarterback.
"After a lot of conversation, we think letting [Foles] become a free agent is the right thing to do. He's a tremendous player, Super Bowl MVP, and someone we feel is a top 15 quarterback in the league. We were incredibly fortunate to have him and wish him the best of luck in the future," Roseman said in a statement.
Foles reportedly told the Eagles earlier this month that he would void his option for the 2019 season, which means he must pay the Eagles his $2 million signing bonus from 2018 to opt out.