Abstract-Memristors are novel devices, which can be used in applications such as memory, logic, and neuromorphic systems. A memristor offers several advantages to existing applications: nonvolatility, good scalability, effectively no leakage current, and compatibility with CMOS technology, both electrically and in terms of manufacturing. Several models for memristors have been developed and are discussed in this paper. Digital applications such as memory and logic require a model that is highly nonlinear, simple for calculations, and sufficiently accurate. In this paper, a new memristor model is presented -TEAM, ThrEshold Adaptive Memristor model. Previously published models are compared in this paper to the proposed TEAM model. It is shown that the proposed model is reasonably accurate and computationally efficient, and is more appropriate for circuit simulation than previously published models.