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Report: Patriots Likely To Franchise Welker

BOSTON (CBS) - The New England Patriots will likely place the franchise tag on receiver Wes Welker, according to a report by ESPN's Adam Schefter.

The team and Welker's agent have been talking about a new deal for the Pro Bowl receiver, but if the sides cannot agree on an extension, New England plans to use the franchise tag says Schefter, according to a league source.

Read: Welker, Branch Among Pats With Uncertain Future

With the franchise tag, Welker would receiver a one-year, $9.5 million deal.

Read: Pats 'Going Through The Process' With Free Agents

The 30-year-old Welker led the Patriots and NFL with 122 receptions in 2012. His 554 receptions since joining the Patriots in 2007 also lead the NFL in that span.

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