New England Patriots wide receiver Wes Welker has signed his $9.5 million franchise tender, a league source has told ESPN.
Reports - @Patriots WR Wes Welker has signed his $9.5 million franchise tender, according to a league source
— SportsCenter (@SportsCenter) May 15, 2012
Welker’s five-year deal with the club ran out following last season. The Patriots had applied a $9.5 million franchise tag on Welker to keep him off of the free-agent market for at least one year. Up until now, the prolific receiver had not signed the tender in hopes of reaching a long term agreement instead.