Wes Welker agrees to 2-year, $12 million deal with Denver Broncos

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.

Wes Welker has agreed to terms with the Denver Broncos, per team source.—
Albert Breer (@AlbertBreer) March 13, 2013

Agreed to terms on a 2-yr deal with Wes Welker. Excited to have Wes join the Broncos. His production & toughness will be a great asset!—
John Elway (@johnelway) March 13, 2013

Wes Welker's two-year deal is worth $12 million. Which is more than what New England offered.—
Albert Breer (@AlbertBreer) March 13, 2013

Let me do tweet 1 more time, with his name … The Patriots' final and only recent offer for Wes Welker was $10M over 2 years, w/incentives.—
Albert Breer (@AlbertBreer) March 13, 2013