“We just finished a renegotiation on Charles Clay,” said Whaley. “And there are other guys we may want to extend.”
Sal Capaccio of WGR-550 reported early on Thursday that the Bills were close to restructuring Clay's deal.
It's believed that Clay's restructured contract will drop his cap hit from $13.5 million to $6 million in 2016. Buffalo intentionally set a high cap hit in 2016 on Clay's deal so the Miami Dolphins wouldn't be able to match their offer to the tight end.
In his first season with the Bills, Clay caught 51 passes for 528 yards and three touchdowns in 13 games.
Now that Clay's deal has been restructured, it's believed that Buffalo will work on restructuring the deals of cornerback Leodis McKelvin and safety Corey Graham. These moves, in addition to releasing Mario Williams, will give the Bills some money to work with as they attempt to re-sign Cordy Glenn and Richie Incognito.
In addition to Clay's restructured contract, Buffalo also rolled over $4.4M in unused 2015 cap space to 2016.null