The Facts: The New England Patriots announced Wednesday afternoon that they've agreed to terms with Faulk. The team did not release the terms of the deal, but a source told ESPN NFL Insider Adam Schefter the deal was for one year and will be signed Thursday.

Diehards Line:Faulk, who has been with New England since 1999, has been one of the Patriots' most reliable veteran receivers. While he's slowed down a bit of late, he remains productive. Faulk averaged 5.4 yards per carry last season, with 335 yards on 62 carries, while tying for fourth on the club with 37 receptions. As ESPN's Mike Reiss notes, Faulk is considered by many to be a third-down running back, but he has led all running backs in playing time in recent years. He had a 38-percent playtime clip in 2009, as his expertise as a blocker and pass-catcher makes him a lead-type option when the Patriots are in spread formations.