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Patriots release Brandon Lloyd

Updated: March 16, 2013, 5:22 PM ET
By Field Yates | ESPNBoston.com

The New England Patriots have released wide receiver Brandon Lloyd, the team announced Saturday.

Lloyd was due a $3 million roster bonus this weekend, and the expectation had been that the club would not pick it up. A source said the sides recently entered into talks on a restructured contract, although it's now apparent they could not strike a deal.

Lloyd was scheduled to earn a base salary of $1.9 million in 2013, which would have come with a salary cap charge of $4.9 million. ...

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