Free agent tight end Charles Clay has signed a five-year, $38 million offer sheet with the Bills, and will now wait five-days to see if the Dolphins match the offer.
More on the #Bills' offer sheet to TE Charles Clay: $24.5 million over the first 2 years.
— Vic Carucci (@viccarucci) March 17, 2015
Clay has been tagged as the Dolphins’ transition player, meaning the Dolphins have the right to match any offer sheet Clay signs.