With the Philadelphia Eagles letting Nick Foles walk there were rumors that the Washington Redskins could be one of the places that he ended up.

According to Ian Rapoport of NFL Network, it doesn't appear that the Redskins want to spend big money on a quarterback like Nick Foles because the team has confidence in what Colt McCoy can do.

“It does not seem to me based on the people I'm speaking with that the Washington Redskins would spend big money on a quarterback,” said Rapoport. “It sounds like it's going to be Colt McCoy there, and maybe some competition for him.

This might seem like a bit of a surprise but just a few weeks ago Redskins president Bruce Allen had nothing but praise for McCoy at the Senior Bowl.

“We like Colt a lot, that's why we signed him to the extension last year,” Allen said in January. “Colt is going to be ready to go at the beginning of the offseason program and I'm sure he's looking forward to competing for the starting job.”

McCoy had taken over the Redskins starting job after Alex Smith was lost for the season. McCoy threw for 372 yards, three touchdowns, and three interceptions in three games before he broke his fibula and was lost for the season.

The Redskins will still probably bring in some competition through the draft or free agency to give McCoy a bit of a push, but for now, it seems like he is the favorite to start week one.