Bills to sign TE Charles Clay
— -- The Buffalo Bills have a new tight end, as the Miami Dolphins have decided not to match the Bills' five-year offer for Charles Clay, sources told ESPN.com on Thursday.
According to the Buffalo News, the value of the deal would be $38 million, with more than $20 million guaranteed.
The Dolphins had placed their transition tag on Clay, which gave them five days to match or decline the offer. As a result, the Dolphins will gain $7.071 million in cap room by pulling the transition tag.
Buffalo has been in hot pursuit of Clay since the start of free agency. He visited the team last week, and that meeting led to his eventual offer.
The Dolphins signed former Cleveland Browns tight end Jordan Cameron to a two-year, $15 million contract last week to provide insurance.
Clay, 26, battled through knee and hamstring injuries most of last season but still finished third on the team with 58 receptions for 605 yards. He also improved as a run-blocker.
The Dolphins selected Clay in the sixth round in 2011. He became a full-time starter for Miami the past two seasons.
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