The Philadelphia Eagles are expected to use their franchise tag on Nick Foles this offseason with the intention to trade him.

Foles is expected to be worth a third round pick on the trade market.

Before using their franchise tag, the Eagles could pick up Foles' $20 million option in the next week. Foles then has the ability to void the option by paying Philadelphia $2 million.

Foles, 30, threw for 1,413 yards, 7 touchdowns and 4 interceptions while appearing in five regular-season games and two playoff games.