POSTED 2:13 p.m. EDT, September 1, 2006


A league source tells us that running back Stephen Davis has signed with the St. Louis Rams.

Under the one-year deal for the veteran minimum of $810,000, the Rams will pay Davis $425,000 in guaranteed money, and a $40,000 signing bonus.

Davis was scheduled to earn $275,000 from the Panthers in 2006 as part of an injury settlement.
The Panthers are now off the hook for that amount.

Part of the problem for Davis was that, if his new team had cut him before the start of the season, he would have gotten nothing at all, from anyone.
By guaranteeing $425,000 and by giving him $40,000 to sign, Davis is better off than he would have been, even if he gets cut.