Former St. Louis Rams wide receiver Torry Holt has signed a 3-year contract with the Jacksonville Jaguars on Monday.

The deal is worth around $13 million with signing bonus but the first year of the contract is guaranteed and it could be worth as much as $20 million through incentives.

The Jaguars desperatly need a wide receiver after releasing Matt Jones and Jerry Porter earlier this year. Expect them to still draft a couple receivers high in this weekends draft.