By Tim Polzer
March 13, 2013

Former New England Patriots receiver Wes Welker has agreed to terms with the Denver Broncos according to a source via Albert Breer of NFL.com. Breer reported the deal is worth $12 million -- more than the Patriots bid.

Broncos VP John Elway confirmed the two-year deal via Twitter.

Welker, 31, finished with a team-high 118 catches, 1,354 yards and six touchdowns in 2012. He also became the first NFL player to produce five 110-catch seasons in 2012, while averaging 112 receptions in his six seasons with the Patriots.

The Patriots reportedly opted to reduce their salary cap numbers among their receivers, including Welker.

https://twitter.com/AlbertBreer/status/311942898990067712

https://twitter.com/johnelway/status/311943322384072704

https://twitter.com/AlbertBreer/status/311946145943392256

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