1. Nick Foles, QB (4 yrs., $102 M)
An old adage says that your worst enemy is yourself and that couldn't be truer than when the Jaguars signed Super Bowl champion Nick Foles to a four-year contract worth $102 million in 2019. On the surface, it didn't look like a bad investment. After all, the Philadelphia Eagles rallied behind Foles to win it all in 2017 when Carson Wentz got hurt late in the season.
Foles returned to his backup role in 2018 but his Super Bowl antics would probably make him a hot commodity in free agency. At least that's what the Jags thought, and to prevent other teams from outbidding them in the Foles sweepstakes, they made him an offer he couldn't refuse. The trouble with that strategy is that no other club was interested in his services, so practically speaking, they overpaid for the 2013 Pro Bowl nod because of a scenario that existed only in their heads.
Ok, fine. The Jags paid a premium for Foles but that wouldn't have mattered if he played like the quarterback that helped the Eagles win their first championship since 1960. About that, he got hurt almost right off the bat and was quickly benched in favor of rookie sensation Gardner Minshew, who took the league by storm in 2019.
By 2020, Foles had become a dead weight on the Jaguars' books, so they traded him for a fourth-round pick. You know things are bad when the best you can say about your prized free-agent signing netted you a mid-round pick. That said, the Jags deserve as much blame for the blunder, if not more than Foles.
Signing him to a top-market contract was the equivalent of a bank leaving the vault open, or you writing your password on a Post-it and then sticking it on your monitor. Simply, you're opening yourself up for the worst, and the worst did happen when the Jags signed Nick Foles.