Breaking: Miami Dolphins will not match offer sheet for Charles Clay

The Miami Dolphins will not match the offer sheet from the Buffalo Bills for tight end Charles Clay. This news comes via various media reports coming out of South Florida. 

The Bills structured the contract so it pays Clay $24.5 million over the first two years. The total value of the contract was $38 million dollars over five years. With that type of guaranteed money, it's no surprise the Dolphins declined to match the offer as it pays him the second most amount of guaranteed money for all tight ends, right behind Julius Thomas.

Over the past weekend, the Dolphins offered Clay a four year contract worth $27 million dollars, according to the NFL Network. The Dolphins were only willing to guarantee less than $15 million dollars.

Since Clay was given the transition tag, the Dolphins will receive no compensation for losing him. However, they will regain $7 million dollars onto the salary cap as that number was reserved for the transition tag. It is expected that the Dolphins will now move that money to other positions that are in need, such as wide receiver, offensive guard and safety.

In releasing this news to the media, the Dolphins made it clear to the beat reporters that they are confident in Dion Sims and Jordan Cameron, According to someone who watched the vast majority of practices last year, things began to click for Sims in the second half of the season and looks primed to have a breakout year in 2015. If Cameron can stay healthy and clear of concussions, this can become a dangerous combination for opposing defenses for years to come.

This story was written by Matthew Cannata. Follow him on Twitter: @PhinManiacs