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Patriots reach agreement with Brandon Lloyd

St. Louis Rams v Denver Broncos

DENVER - NOVEMBER 28: Head coach Josh McDaniels of the Denver Broncos celebrates a touchdown by Knowshon Moreno with wide receiver Brandon Lloyd #84 against the St. Louis Rams at INVESCO Field at Mile High on November 28, 2010 in Denver, Colorado. The Rams defeated the Broncos 36-33. (Photo by Justin Edmonds/Getty Images)

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Brandon Lloyd is Tom Brady’s newest weapon.

ESPN’s Adam Schefter reports that Lloyd has reached an agreement with the Patriots, ending a day in which we saw one report that a deal between the Patriots and Lloyd was close and another report that the deal actually wasn’t close.

Now Lloyd is heading to New England, where he’ll add a deep threat capable of making spectacular catches to the Patriots’ passing game. He’ll also immediately understand what’s expected of him from Patriots offensive coordinator Josh McDaniels: Lloyd has a close relationship with McDaniels and had his best season playing for McDaniels in Denver in 2010.

Although money was reportedly a sticking point in the deal that Lloyd had said he wanted to get done, Lloyd had hinted he wanted to play in New England so badly that he’d take less money to sign there. They’ve now resolved whatever financial issues there were, and while there’s no word yet on how much money Lloyd got, he’ll be a Patriot.