Brandon Lloyd was reportedly willing to take a pay cut to stay in New England. Apparently, it won't matter.
The Boston Herald reports that the Patriots will release Lloyd after only one season with the team. Ian Rapoport of NFL.com writes that it's possible Lloyd will return at a lesser salary. Lloyd was due a $3 million roster bonus after a season in which Lloyd caught 74 passes for 911 yards and four touchdowns, but it was clear he wasn't going to get that bonus.
Lloyd didn't provide the vertical threat that the Patriots were hoping for, and there were reports that his erratic behavior was not a great fit in the locker room.