At 6'3", 285 lbs Bailey is an intriguing option for the Patriots. He played mostly outside at Miami, but at times, shifted in size to defensive tackle. He ran a 4.71 second 40 yard dash at the combine, but I'm not exactly sure where he fits at the next level. For a 4-3 defensive end, he is an excellent run defender. Yet, he may not have the size to hold up as a 3-4 defensive end in the Patriots' system. Still, with his athleticism, pass rush ability, and high motor, you've got to think the Patriots could find a place for him somewhere along their front seven.
Bailey's size is actually very similar to a former Patriot: defensive lineman Jarvis Green, who is likewise listed at 6'3" 285 lbs. Before Green was a starter, the Patriots used him at a variety of different roles, from a pass rushing defensive tackle, to a 4-3 end, to a 3-4 end. It's possible the Patriots could do something similar with Bailey (or even experiment with him as an elephant-backer). The Patriots will probably try to decipher these things at their private workout with Bailey.
Bailey is projected to go somewhere in the second round. The Patriots could likely target him at 33, or a move-up from 60.