Lloyd not in Patriots' future plans, likely to be cut
It seems that the biggest reason for Lloyd's likely departure is his "enigmatic personality," which was apparently a problem in the locker room and on the practice field in 2012. We all know that the Patriots don't take kindly to players who cause dysfunction behind the scenes, and Lloyd was reportedly not a great teammate. That reputation follows him back to his days in Denver, as a Broncos source told the Boston Globe that Lloyd wasn't great to play with, and that some people even thought he might be bipolar.
Other reasons that the Patriots may let Lloyd go include an "inability to find a consistent niche in the offense and financial disposability." Lloyd struggled to consistently produce for the Patriots last season, putting up a disappointing 74 catches for 911 yards with four touchdowns. If the Patriots were to cut him, they would save $4.9 million in cap space, but lose $2 million in dead money.
If the Patriots do cut Lloyd, they will obviously be in the market for a wide receiver this offseason. They could address the need via free agency, though the free agent class of receivers sees a significant drop off in talent after the top-notch, high priced players. The Patriots could also address the need in the draft. I currently have them selecting Tavon Austin in the first round of my mock draft, but Lloyd's departure could tempt them to opt for an outside presence rather than Austin, who projects as a slot receiver in the NFL.
If Lloyd hits the open market, he'll be sure to draw some interest, but not quite like he did a year ago. He hasn't topped a thousand yards in two years since leading the league with 1,448 in 2010, and with these reports of him being a troublesome teammate, teams will certainly be hesitant to commit money to him.