ESPN's Adam Schefter first reported the deal on Monday. According to Ian Rapoport of NFL.com, the deal is worth “up to nearly” $3 million, including incentives. Rapoport also reports that Wayne will receive almost $500,000 up front.
Wayne flew to New England over the weekend to undergo a physical with the team.
The Patriots have dealt with injuries to many of their wide receivers during preseason. Julian Edelman, Aaron Dobson and Brian Tyms have all missed a portion of training camp, while Brandon LaFell is on the physically unable to perform list.
Wayne is the NFL's active leader in receptions and receiving yards, and is third in touchdowns. Last season, he caught 64 passes for 779 yards and two scores.
After playing in all 16 regular season games in 11 straight seasons, Wayne has battled injuries the last two years, playing in only 22 games.
For his career, Wayne has 1,070 receptions for 14,345 yards and 82 touchdowns.
- Rohan Nadkarni