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NFL NEWS: St. Louis Rams Hand QB Nick Foles Contract Extension

Late on Friday, the St. Louis Rams announced a two-year extension for quarterback Nick Foles. The deal carries a total value of $24 million, according to Ian Rapoport of NFL.com and "just under" $14 million guaranteed, per Mike Garafolo of Fox Sports.

Foles, acquired from the Philadelphia Eagles at the outset of the latest league year in exchange for former Rams first-overall pick, quarterback Sam Bradford, and a second-round pick in the 2016 NFL Draft, is entering the final year of his rookie contract. Per Rapoport, the final year of his new extension can void based either on team performance or if Foles reaches the Pro Bowl again.

Under Eagles head coach Chip Kelly, Foles posted a historic 2013 season, managing 27 touchdowns and just two interceptions as he helped lead Philly to a postseason berth against the New Orleans Saints.

Last year though, Foles seemed to fall back to Earth somewhat and was eventually forced to miss the remainder of the Eagles season after injuring his collarbone in a Week 8 game against the Houston Texans. Still Foles did manage to helm Philly to a 14-4 record and playoff invite during his short time with the franchise.

As Rapoport notes, the structure of the deal allows Foles to reach a new, more lucrative pact in the not-too-distant future, assuming things go well for the two sides in the more immediate future.

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Nfl, Nfl news, St. louis rams, St. louis rams news, Nick foles
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