Lloyd started the season on the Denver Broncos, but was traded to the St. Louis Rams after Week 4. Lloyd finished the season with 70 receptions, 966 yards and five touchdowns.
Lloyd will be reunited with Josh McDaniels, the Patriots' offensive coordinator, who was Lloyd's head coach in Denver and offensive coordinator in St. Louis. Lloyd had his best season as a pro with the Broncos in 2010, catching 77 passes for 1,448 yards and 11 touchdowns.
The Patriots will be the 30-year-old receiver's sixth team in his ten seasons.
Fantasy impact: Lloyd fits nicely into the Patriots offense. He's a player who can stretch defenses and make difficult catches. Consider Lloyd a solid fantasy WR2. Also, his signing solidifies Tom Brady's status as a top 5 fantasy QB. Rob Gronkowski and Aaron Hernandez may see fewer targets, but not enough to have a huge impact on their fantasy numbers.