DENVER - The Denver Broncos traded wide receiver Brandon Lloyd to the St. Louis Rams on Monday in exchange for a conditional pick in the 2012 NFL Draft.
Broncos head of football operations John Elway announced the deal on his Twitter account.
"We appreciate all the hard work that Brandon did during his three years in Denver and wish him the best with the Rams," Elway tweeted.
The trade reunites Lloyd, who is in the final year of his contract, with former Denver head coach Josh McDaniels, the Rams' offensive coordinator, under whom he enjoyed his greatest success last season.
Lloyd led the league with 1,448 yards on 77 receptions and scored 11 touchdowns last season.
"I'm extremely excited about the opportunity to join the Rams," Lloyd said. "I'm very familiar with the offense and looking forward to playing for coach (Steve) Spagnuolo and working with Josh McDaniels again."
This season, Lloyd has caught 19 passes for 283 yards and no touchdowns.
ESPN has reported that the Rams will give up a sixth-round pick, but it will become a fifth-rounder if Lloyd catches 30 more passes the rest of the season.
To make room for Lloyd on the roster, the Rams released wide receiver Mike Sims-Walker.
Sims-Walker had 139 yards on 11 receptions for the Rams this season. He had a career year for the Jacksonville Jaguars during the 2009 season where he caught 63 balls for 869 yards and seven touchdowns.