Torry Holt Signs 3-Year Deal in Jacksonville

Former St. Louis Rams wide receiver Torry Holt agreed to a three-year deal with the Jacksonville Jaguars on Monday that could be worth as much as $20 million.

The 32-year-old Holt agreed to a incentive laiden contract that grows financially based on the way he plays. The deal, a source told ESPN.com's John Clayton, calls for three years with base salaries totaling $13 million. While there is no signing bonus, the first year of the contract is guaranteed.

Holt drew interest from several teams, but decided on Jacksonville, who have been searching for a number 1 receiver since the retirement on long-time Jaguar WR Jimmy Smith in 2006. The Jaguars have added several wide receivers over the last few years with very limited success. Reggie Williams (2004) and Matt Jones (2005) were added via the first round of the draft and Jerry Porter (2008) was brought in as a free agent, all were released this off-season.

The seven-time Pro Bowler ranks 11th on the NFL's career list with 869 receptions. He caught 64 passes for 796 yards and three touchdowns for St. Louis last season.