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Examining likely reasons behind Buffalo Bills’ reported interest in Nick Foles

Foles was released by the Rams on Wednesday.

Matt Warren is Associate Director of NFL coverage for SB Nation and previously covered the Bills for Buffalo Rumblings for more than a decade.

The Buffalo Bills are pursuing recently released quarterback Nick Foles, according to a tweet from Bleacher Report’s Jason Cole.

Where does Foles fit in on the Bills? With Tyrod Taylor and EJ Manuel entering the last year of their deals, he could sign a multi-year deal to be the veteran bridge should Taylor not re-sign. Or, he might want a one-year deal and compete with Manuel head-to-head.

The Bills will be a good landing spot for Foles if he’s looking to get another starting job in the future. Taylor’s playing style means the backup will likely see some time, and the only player he would have to beat out is Manuel. Looking at the other potential landing spots on the list, the Jets are the only other team that can offer him a shot at starting a year from now and they already added a quarterback in the second round of the draft this year.

If Foles is looking for veteran backup money, he’s likely in the $2 million to $4 million range. It’s not prohibitive and the salary wouldn’t be guaranteed until the start of the season. If there are teams competing for his services, he will get a signing bonus.

Earlier this month, we told you it didn’t make any financial sense to release backup quarterback EJ Manuel - he will cost the same whether he’s on the roster or not. In that same article, we told you the Bills had $11.8 million in cap space which is more than most NFL teams currently have including every other team on this list.