Waters signed a reserve/future contract with the Rams on Thursday, per the NFL's transaction log.
Waters spent training camp with the Rams but failed to make the roster. He was also selected by the St.Louis Battlehawks of the UFL in January, but he was removed from the roster Thursday to give him another chance in the NFL.
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Jordan Waters: Fails to make 53-man squad
Rotowire
The Rams waived Waters on Tuesday.
Waters played in all three of the Rams' preseason games, finishing with 10 carries for 63 yards and a touchdown while adding an assisted tackle. The undrafted rookie out of N.C. State won't make the team's 53-man roster to start the season, but assuming he clears waivers, Waters could remain with the Rams as a member of the team's practice squad.
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Rams' Jordan Waters: Tallies 21 yards in preseason debut
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Waters rushed four times for 21 yards during Saturday's 31-21 preseason victory against the Cowboys.
The UDFA out of Duke did a fair job with his scant touches, managing to average just over five yards per carry. His two primary competitors for the No. 4 spot on the depth chart at running back had mixed results: Ronnie Rivers (ribs) managed just two carries for nine yards before exiting with a rib injury, while Cody Schrader dazzled with five carries for 59 yards (including a game-high 25-yard run) and a nine-yard touchdown reception. Waters will need a strong performance in the remaining two preseason games to garner consideration for a 53-man roster spot, but could find a role with the Rams' practice squad.