Wes Welker has agreed to a two year deal with the Denver Broncos for $12 million
Welker was Tom Brady's favorite target over the past six seasons in New England, and now he'll be catching passes from Peyton Manning in Denver.
Broncos team president John Elway announced the move on Twitter.
NFL.com's Albert Breer is reporting that the Patriots' best offer to Welker was for 2 years and $10M plus incentives.
The Patriots will now look elsewhere for their slot receiving needs, possibly Danny Amendola (formerly of the Rams) or restricted free agent Victor Cruz from the Giants.
This is a surprisingly cheap deal, considering it was previously reported that Welker was hoping for upwards of $8M per year. It's a bit surprising that the Patriots were unwilling to match this offer, but it now gives them a chance to focus on other issues, such as their defensive secondary.
It's pretty obvious that Bill Belichick has some sort of plan if he's willing to let Welker go for relatively cheap like this, and we'll find out shortly what that plan is.