Curran reports that a league source has informed him that Lloyd isn’t even listed their 2013 projected depth chart, despite being under contract for another two seasons.
New England would have to be willing to pickup Lloyd’s $3 million option bonus in order to retain. They could save $2.5 million in cap space by cutting Lloyd loose in the next few weeks.
Curran points that Lloyd’s “enigmatic personality, aversion to physical contact, inability to find a consistent niche in the Patriots offense and financial disposability” as additional reasons to consider releasing him.
Lloyd, 31, has base salaries of $1.9 million and $2.9 million remaining on his contract. Many thought he would provide them with a much needed deep threat, but was never capable of having the kind of impact they were hoping for. He finished the season with 74 receptions for 911 receiving yards and four touchdowns.