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Report: Cam Newton Reaches Agreement on One-Year Deal with Patriots

Free-agent quarterback Cam Newton has reached an agreement on a one-year, "incentive-laden" deal with the New England Patriots, according to ESPN's Adam Schefter and Chris Mortensen.

With Newton's signing, New England now has three quarterbacks who will compete to replace former Patriot Tom Brady: Newton, Jarrett Stidham and Brian Hoyer. Newton will be in "the mix" to take the place of Brady in the starting slot, per Schefter and Mortensen.

Newton, 31, entered the free-agent market in March when he was released from the Carolina Panthers. He spent nine seasons with the team after being selected with the No.