Former NFL MVP Cam Newton has reached an agreement on a one-year, incentive-laden deal with the New England Patriots, league sources told ESPN’s Chris Mortensen and Adam Schefter. ‬

‪Newton now will step into the mix to try to help replace former Patriots signal-caller Tom Brady, who left to join the Tampa Bay Buccaneers in free agency. The Patriots did not select a quarterback in April’s draft, with 2019 fourth-round pick Jarrett Stidham and 11-year veteran Brian Hoyer atop the depth chart.

A source familiar with the Patriots’ thinking said the agreement with Newton was appealing to the team as a low-risk, high-reward situation, factoring in Newton’s health, a modest contract and New England’s transition at quarterback without Brady.

In a brief message posted on Instagram on Sunday night, Newton wrote, “I’m excited as I don’t know what right now!” along with the hashtag “#LETSgoPATS.”

The Carolina Panthers released Newton, the No. 1 overall selection in 2011, on March 24, ending their nine-year relationship.