Super Bowl LII MVP, Nick Foles is expected to sign a four-year, $88 million deal with the Jacksonville Jaguars, a source told NFL Network Insider Ian Rapoport and NFL Network’s Mike Garafolo on Monday.  With a additional $102 million in incentives the report added.

The signing, which will become official when the new league year begins on Wednesday, ushers in a new era under center in Duval and brings another to a close.

Rapoport added that Jacksonville is expected to release quarterback Blake Bortles once the deal is made official.  Bortles, has spent five years in Jacksonville and signed a three-year extension with the organization just 13 months ago.  He will be a free agent upon his release.

The pairing with Jacksonville has been a long-time rumor every since the Jaguars hired Foles former quarterback coach John DeFilippo as their offensive coordinator in January. In February the Eagles exercised their team option on Foles which the QB quickly voided for the sum of $2 million.

Following the void, Philly chose not to franchise-tag Foles, forgoing the power to trade the QB to a preferred suitor and risking him signing with a division rival in New York and Washington.

For a Super Bowl champion with two consecutive stellar postseasons under his belt, that’s what the market bore. For the Jaguars, who cut a slew of solid players including  Carlos HydeTashaun Gipson and others to make room for Foles.