According to a league source, it is for $5 million; the Patriots had offered a longer-term deal to the 27-year old, but Talib opted not to take it because the market for free market cornerbacks has been so soft this year.
There were offers from three other teams, the source said, but Talib decided to remain in New England.
Acquired from Tampa Bay at the NFL trading deadline Nov. 1, Talib played in eight games, including the postseason, and had an interception return for a touchdown in his first game in a Patriots uniform against the Colts in Week 11 (a four-week NFL suspension for performance-enhancing drugs carried over to his tenure with New England, causing him to miss his first week and game as an official member of the team).
But a hip injury popped up against Houston in Week 14 against the Texans; though he played the next game against San Francisco, Talib played just eight snaps against the Jaguars and sat out the regular-season finale against Miami.
He played in the Divisional round against Houston, but was forced out of the AFC title game vs. the Ravens early, and New England could not adjust.
This has not been a good year for cornerbacks – once players at the position started signing, they were getting deals worth far less than cornerbacks received in 2012.
The first to sign was Dominique Rodgers-Cromartie, who went to Denver on a one-year deal worth a reported $5 million.
Then the Chargers signed former Jacksonville CB Derek Cox for a reported four years, $20 million, with $10.25 million guaranteed. On Thursday afternoon, the Chiefs added former Dolphin Sean Smith. Smith, who had been courted by a few teams, received three years, $18 million with $11 million guaranteed from Kansas City, according to NFL.com.
Contrast that with last year: Lardarius Webb received six years, $52.74 million with $10 million guaranteed to remain in Baltimore; Tampa Bay got Eric Wright away from Detroit with a five year, $37.5 million contract that guaranteed $15.5 million, and Brandon Carr became a Cowboy when he was given five years, $50.1 million and half of it guaranteed.
So the market was definitely on the Patriots' side, but Talib opted to take one year and see if things change next year.