On Tuesday, the Patriots agreed to sign wide receiver Cameron Meredith to a low-cost deal. Today, we learned the details of the pact, via Field Yates of ESPN.com (on Twitter). 
Meredith’s deal is worth just $2.02MM over two years and includes no guaranteed money. The deal also includes injury waivers for both years. It’s a big step down from the two-year, $9.6MM deal he inked with the Saints as a restricted free agent just a couple of years ago.
On the plus side, the deal gives Meredith a chance to prove that he is healthy and can still play at a high level. Meanwhile, it’s a very low-risk deal for the Patriots that could pay major dividends.