The Bears officially announced on Sunday that they have waived quarterback Nick Foles.
Foles was traded to the Bears by the Jaguars two years ago for a fourth-round pick. After starting seven games in the 2020 season, Foles started just one game against the Seahawks last season. He led the team to a 25-24 road win over the Seahawks, passing for 250 yards and one touchdown.
Cutting Foles would free up $3 million in cap space for the Bears, leaving $7.66 million in dead money. When linebacker Danny Trevathan is officially released after 6.1, the dead money in the Bears’ cap space will become $57 million.
After signing Trevor Siemian, the Bears began trying to trade Foles, but couldn’t find a suitable home.
Foles passed for 14,003 yards, 82 touchdowns and 43 interceptions in his 10-year career. His most impressive achievement was leading the Eagles to the Super Bowl in the 2017 season.