The Patriots have added depth to their receiving corps by claiming former Cardinals receiver Michael Floyd off waivers on Thursday, Patriots Insider Tom E. Curran has confirmed.
MORE ON MICHAEL FLOYD:
- Ryan expects strong work ethic from Floyd, his offseason training partner
- Somers: Floyd will fit in well with Pats
- Banks: Floyd may pay dividends for Patriots in playoffs
- Fitzgerald: Floyd will be a great pickup
- Curran: What does Floyd add?
The news of Floyd's acquisition by the Patriots was first reported by ESPN's Field Yates.
Floyd was found passed out in his car Monday and received a DUI, prompting the Cardinals to waive him on Wednesday. A first-round pick in 2012, the 6-foot-3, 220-pound Floyd has reeled in 242 passes for 3,739 yards and 23 touchdowns over the course of his five seasons in the league.
At his best Floyd has shown the ability to be a big-play threat, averaging 15.5 yards per catch over the course of his career. In 2014, per Pro Football Focus, he ranked second in the league in yards-per-catch (18.0) among receivers who played at least 50 percent of their team's offensive snaps. He's also used his frame to his advantage as an effective blocker on the outside.
This season, Floyd has 33 catches for 446 yards and four touchowns on 70 targets. He'll provide the Patriots depth at a position where that has been lacking for much of the season, joining Julian Edelman, Chris Hogan and Malcolm Mitchell on the depth chart. Danny Amendola also remains on the active roster, though he's dealing with an ankle issue that could keep him out for the remainder of the regular season.
Against the Ravens on Monday night, the Patriots -- who have leaned heavily upon their three receiver sets with Rob Gronkowski on season-ending injured reserve -- used sub backs James White and Dion Lewis split out wide or in the slot to help supplement the team's numbers at receiver. Special teams captain Matthew Slater can also serve in a receiver's capacity in an emergency situation.
Floyd, who played under former Patriots offensive coordinator Charlie Weis at Notre Dame, arrives to New England with a steep price tag. The Patriots will be forced to pick up $1.29 million of the wideout's $7.32 million guaranteed salary for this season. The cost of claiming Floyd may have been the reason that, according to TheMMQB.com's Albert Breer, New England was the only team willing to claim. Even after the claim, the Patriots still have $6.36 million in available cap space that will carry over to 2017 if not used.
Floyd is scheduled to become a free agent after this season, and should he sign elsewhere, he would factor into the compensatory pick formula for the Patriots, perhaps landing them a future draft pick.
For all his flaws, Floyd's addition gives the Patriots a body at a spot where they've been in need for much of the season. To have a first-round talent at said spot become available at this stage of the season was clearly too enticing an opportunity for Bill Belichick and his front office to pass on.