According to Mike Florio of ProFootballTalk.com, the Patriots have agreed to terms with the 42nd pick in the second round, Rob Gronkowski.
Gronkowski is expected to compete with veteran tight end Alge Crumpler and rookie Aaron Hernandez for playing time as well as a starting job. At 6'6" 265 pounds, Gronkowski is a balanced tight end who can make an impact as both a pass catcher and a blocker. While he was widely considered a first round talent, he slipped to the second round after a back injury caused him to miss his junior season at Arizona.
With Gronkowski in the fold, there are now only two unsigned rookies, linebacker Brandon Spikes and cornerback Devin McCourty. Spikes is expected to sign sometime today.
Update: The deal is for four years and a total of $4.44 million for Gronkowski. Each year will carry minimum base salaries, with the majority of the last two years fully guaranteed. The deal also includes a $1.76 million signing bonus. Full contract details are on ProFootballTalk.com.