Denver Broncos Sign Wes Welker to Two-Year, $12 Million Deal

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Jan 14, 2012; Foxborough, MA, USA; New England Patriots wide receiver Wes Welker (83) celebrates a touchdown against the Denver Broncos during the first half of the 2011 AFC divisional playoff game at Gillette Stadium. Mandatory Credit: Mark L. Baer-USA TODAY Sports
Jan 14, 2012; Foxborough, MA, USA; New England Patriots wide receiver Wes Welker (83) celebrates a touchdown against the Denver Broncos during the first half of the 2011 AFC divisional playoff game at Gillette Stadium. Mandatory Credit: Mark L. Baer-USA TODAY Sports /

After the past few hours of speculating whether free agent wide receiver Wes Welker would rejoin the New England Patriots or take the Denver Broncos up on their multi-year offer, we finally have an answer. The New England Patriots flirted with disaster by low-balling Welker with their contract offer and letting him hit the open market and the move has completely backfired.

Wes Welker is now a member of the Denver Broncos.

Multiple reports surfaced around the same time and John Elway was the man to clear it all up.

Welker will earn $12 million over the next two seasons. It is a bit of a surprise that the Patriots would not put up $6 million a year for one of their key offensive contributors.

Welker has totaled over 111 catches and 1,300 receiving yards in five of the past six seasons. Paired up with Peyton Manning, Welker will be a dangerous weapon to a receiving corp that includes Demaryius Thomas and Eric Decker.

Outside of New England, the Denver Broncos were the best fit for the aging veteran. Mark the signing of Welker down as one of the biggest stunners of the free agency period.

Be sure to stay tuned to FanSided.com throughout the entire free agency period for up to date news, rumors and signings. Our Free Agency tracker will be your one stop shot for all free agency news.