WR Brandon Lloyd
Despite the Patriots' and Offensive Coordinator Josh McDaniels' best intentions, Brandon Lloyd is not a good fit for the team's offense. Lloyd is plenty capable of being a solid No. 2 receiver for most NFL teams, but the Patriots' passing game is heavily reliant on receivers' abilities to rack up yards after the catch, and Lloyd is terrible in that department.
Even with 74 receptions in 2012, Lloyd ranked 115th in the NFL with just 180 yards after the catch. That is less than 2.5 YAC per reception—a poor statistic for a tight end, let alone a receiver. New England has close to $30 million in cap space to spend on a speedy receiver, and although cutting Lloyd is certainly an option, the Bears would be a perfect trade partner for the incumbent receiver.
The 2012 Chicago Bears were historically reliant on Brandon Marshall in their passing game, as his 118 receptions were more than the rest of the team's wide receivers combined. Earl Bennett finished second on the team with 29 receptions, with the other 51 receptions dispersed between Alshon Jeffery, Eric Weems, Devin Hester and Dane Sanzenbacher.
Chicago's reliance on Marshall is not only detrimental to its offensive efficiency, but to Marshall's health as well. Mistake-prone Jay Cutler needs to spread the ball more to keep defensive secondaries honest, but he can only do so with legitimate options after Marshall. Lloyd would immediately step in as the team's No. 2 wideout.
The catch is that Lloyd has to be dealt before March 16th, when he is due a $3 million bonus. New England will not pay the bonus before dealing Lloyd, but his original 3-year, $12 million deal is a bargain compared to what the Bears would have to pay on the open market. It would be in all parties' best interest to make the deal as soon as possible—otherwise Lloyd will be cut or relegated to third or fourth WR duties for the 2013 Patriots.
The Bears don't have a third-round pick in 2013, which would be the best-case compensation for New England. However, Belichick is known for planning for the future, so a fourth-rounder in 2013 and third- or fourth-rounder in 2014 would get the deal done.