Patriots signed TE Visanthe Shiancoe to a one-year, $1.2 million contract.

Profootballtalk reports Shiancoe will receive $400,000 guaranteed and $800,000 in incentives, typical of a veteran signing just prior to training camp. The addition of Shiancoe suggests the Patriots aren't counting on Daniel Fells (leg) to contribute any time soon. The Eagles, lacking veteran depth at the position, had also offered Shiancoe a contract. Don't look for fantasy value behind Rob Gronkowski and Aaron Hernandez in New England.

Free agent TE Visanthe Shiancoe is negotiating with both the Eagles and the Patriots after visiting both teams.

Shiancoe doesn't fill more than a need for more than veteran depth in either locale, so he shouldn't expect much up-front money. Shiancoe turned down a $1.2 million offer from the Seahawks earlier in the offseason.

The Patriots will host free agent TE Visanthe Shiancoe on Thursday.

Shiancoe would compete for New England's No. 3 tight end job behind Rob Gronkowski and Aaron Hernandez. The 32-year-old turned down a one-year, $1.2 million offer from Seattle earlier this offseason. We suspect Shiancoe won't be offered much more by the Patriots, who are obviously deep at the position.