Friday June 8th, 2012

Rob Gronkowski Gronkowski was in line for a new deal after his record-breaking 2011 season. (Jim Rogash/Getty Images)

A league source tells Mike Florio of that the New England Patriots and record-setting tight end Rob Gronkowski have agreed to a new contract that would replace the final two years of his rookie deal.

Terms of the agreement are not known, but a couple of stories from earlier this year (here and here) pegged Gronkowski's value at $9 million or $10 million a year. The Patriots are known to ask for hometown discounts, however -- and they would be ripping up two years of an existing contract -- so we'll see much Gronkowski actually gets.

Gronkowski's agent, Drew Rosenhaus, denied that a deal had been reached. A second-round pick in 2010, Gronkowski was due to earn $540,000 in 2012 and $575,000 in 2013. But his 2011 campaign, in which he set NFL records for receiving yards (1,327) and receiving touchdowns (17) by a tight end, made his original deal obsolete, especially in light of the two-year, $15 million contract the Green Bay Packers gave JerMichael Finley.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.