New England, Lloyd agree to terms

Brandon Lloyd finally has his wish: tonight he and the Patriots finalized the terms of a contract that will bring the receiver to New England, a league source confirmed.

The 30-year old Lloyd made no secret of the fact that he wanted to play for the Patriots, where he would be reunited with Josh McDaniels. Over the last couple of years, Lloyd has had success playing for McDaniels, first in Denver and then with the Rams.

NFL Network reported that Lloyd’s deal is for three years and $12 million, very reasonable for a player who could be a starter and also seems to confirm that there wasn’t much of a market for him. But given that he made it clear he wanted to be in New England, as well as a spotty history, it isn’t a surprise that was the case.

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Lloyd’s deal is a bit less than Chad Ochocinco received from the Pats last year, and as it turned out Ochocinco wasn’t a success in his first season here.

With Lloyd in the fold, Ochocinco may not be with New England much longer. Though Ochocinco tweeted in recent weeks that he would be open to renegotiating his contract, according to NFL Players Association records, he is still due to make $3 million in base salary this season.

As a result of his history with McDaniels, now back in New England as offensive coordinator, Lloyd knows the Pats’ offensive system and therefore his transition here should be smooth.

A league source said on Friday that the two sides were close to coming to an agreement, which was reiterated throughout the day on Saturday.

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