Lactarius hygrophoroides

Common Name: None.
Description: Cap 3-10 cm across, convex with a depressed center, becoming flatter and sometimes funnel-shaped, with an incurved then spreading margin; orangy brown to reddish brown; dry and velvety, becoming wrinkled in age. Stem 30-50 by 5-15 mm high and wide.
Habitat: singly or scattered on soil in deciduous woods. Found widely distributed in eastern North America.
Edible: Excellent.

Source: Mushrooms of North America by Roger Phillips.