The St. Louis Rams have signed with fourth-round wide receiver Mardy Gilyard, Aaron Wilson of the National Football Post reports.

According to Wilson, the contract is worth $2.34 million dollars, indicating that Gilyard received a signing bonus of around $550,000. Gilyard's agent, David Lee, has confirmed the deal.

Gilyard began his career at the University of Cincinnati at cornerback, totaling seven tackles and averaging 25.1 yards on seven kick returns as a freshman in 2005.

After losing his scholarship for academic reasons, and living out of his car for six months, Gilyard returned to the program in 2007 as a wide receiver. Gilyard caught 204 passes for 3,003 yards and 25 touchdowns his final three seasons with the Bearcats, earning first-team All-Big East honors after his junior and senior seasons.

Gilyard was first-team All-American after the ’09 season.

Gilyard scored 5 touchdowns on kick and punt returns, averaging 28.6 yards on 93 kick returns, and 11.8 yards on 22 punt returns. Gilyard could compete for a starting job opposite Donnie Avery this season, and will be used on kick and punt returns.