Sal Capaccio of WGR-550 in Buffalo reported early on Thursday morning that the Buffalo Bills are close to finalizing a restructured contract for tight end Charles Clay. Two separate sources have reported this information to the radio station.
Last year, Clay signed a five-year, $38 million contract with the Bills. Buffalo specifically made his 2016 cap hit large so that the Miami Dolphins would have trouble matching the offer. Currently, Clay has a $13.5 million cap hit for the 2016 season but Capaccio reports that it could drop to $6 million in his restructured contract:
Clay has a roster bonus of $10 million due on March 11. I'm told that money will most likely be converted into a signing bonus, spreading it out over the final four years of his contract. His cap number would drop from the current $13.5 million to $6 million in 2016.
In addition to Clay, the sources also told WGR-550 that Buffalo is working on restructuring the contracts of safety Corey Graham and cornerback Leodis McKelvin. The latter had openly stated his willingness to restructure his contract with Buffalo.null