The Jacksonville Jaguars have agreed to trade Nick Foles to the Chicago Bears for the No. 140 overall pick in the draft.

Foles has restricted his contract with the Bears. Foles has three seasons and $21 million guaranteed remaining on his deal, but he can now void the deal after either of the first two years depending on the upside of his performance.

Jacksonville will absorb $18.75 million in dead money in 2020.