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The Jacksonville Jaguars took a major step in filling holes Monday with the signing of veteran wideout Torry Holt.  Holt and the team agreed to a three-year deal worth $20 million, $4 million guaranteed.  The Jaguars were in dire need of receivers after the releasing of Matt Jones and Jerry Porter.

Holt was released from the St. Louis Rams, where he’s played his whole career, in March to clear cap space for younger talent.  Releasing Holt cleared up $8 million in cap space for the Rams.  The question wasn’t would Holt find another home, it was with who and what was his price tag.  After a short stint of shopping it came down to Jacksonville and Tennessee.  There were rumors that Orlando Pace, also recently released by the Rams and picked up by the Bears, wanted Holt to join him in Chicago.  In the end, both the Jaguars and Holt felt it was the right fit.

Jacksonville holds the 8th overall pick in this weekend’s NFL Draft.  It’s been speculated that they would surely go wide receiver with that selection but with the aquisition of Holt it seems they have more options.  Drafting a young receiver would allow him to study under a veteran of high calibur to train for the number one spot.  Or they could go with quarterback to give them to option to release or not renew current signal caller David Garrard’s contract in the next year or two.  Anything can happen in the NFL Draft, tune in this weekend to see it live!