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PHILADELPHIA (CBS) – The Nick Foles saga continues. The Eagles are expected to pick up the $20 million option for quarterback Nick Foles, according to an NFL insider’s report.

NFL Network’s Ian Rapoport says it’s not a surprise the Birds are going to pick up the option, but it is an important step.

So, what happens next?

If the Eagles pick up Foles’ option, he has five days to choose whether to accept it or void it. If he chooses to void it, he would have to pay back a $2 million signing bonus.

Foles would likely void the option, according to Rapoport.

According to ESPN’s Adam Schefter, the Eagles would then franchise tag Foles, in order to work out a trade that both sides agree upon.

His salary would become fully guaranteed on March 18, the fifth day of the league year.