Via Twitter, Rapoport cited a source that said the sides couldn't reach a deal and that Edelman would hit free agency. Various other reports indicated that Edelman's camp did not believe the deal represented fair market value and that the possibility that the Patriots imposed a deadline for him to sign in did not sit well either.
The #Patriots and WR Julian Edelman couldn’t finalize negotiations and reach a deal. He’ll hit the market, per source. (Come on, Twitter!)— Ian Rapoport (@RapSheet) March 11, 2014
The league year is set to officially begin at 4 p.m.