The Facts: Floyd, a wide receiver who grew up in St. Paul, is signing with the Vikings, according to Ian Rapoport of NFL Network.

Diehards Line: Reports last week indicated that Floyd and the Vikings were talking and could be close to a deal. The Vikings may have waited until today because yesterday was the deadline for signings to count toward the compensatory pick formula, so this signing will not cost the Vikings any compensatory picks. As PFT notes, a 2012 first-round pick of the Cardinals, Floyd had a 1,000-yard season in 2013 but declined after that and was cut last year following a drunk driving arrest. He signed on with the Patriots at the end of the year.