He was targeted 130 times. 7.00 yards per target. Also a measly 180 yards after catch. Of the top 40 (yards-wise) receivers in the NFL, Lloyd was ranked 38th in YAC. The only players worse than that were Maclolm Floyd and Lance Moore, who averaged about 14 and 16 YPC respectively, so they are typically working the deep zone. Lloyd worked the short-middle zone all year and couldn't produce anything except a fall to the ground.
I'm not sure Lloyd would be worth bringing back at no cost. He truly may be a net loss when you consider his high targets, relatively low yardage, and non existent YAC abilities.
He and Brady never developed the "back shoulder" route which all preseason they said was critical to Lloyd's success. I knew he would be a flop on this team because of the way he plays. He would better off wit a high-risk quarterback who loves to throw the ball into coverage and let the WR make dramatic catches (someone like Flacco.) Brady rarely put the ball into Lloyd's catch range because of the INT risk, and when he did put it a little bit outside the radius, Lloyd rarely made the catches he's famous for. He also had plenty of easy drops. This was a match made in hell and many here saw it coming from a mile away. Unfortunately, Josh McDaniels overlooked the obvious stylistic differences between Brady and Lloyd, thinking he could make it work.