Dolphins Place Transition Tag On TE Charles Clay

Update:

The Dolphins have already announced the move, via Twitter.

The team has placed the transition tag on TE Charles Clay.

— Miami Dolphins (@MiamiDolphins) March 2, 2015

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ESPN’s Adam Schefter reports that the Miami Dolphins have placed their transition tag on TE Charles Clay.

• According to Schefter, Clay will make a salary of $7.071 million under this designation.

This move will give the Dolphins the right of first refusal, which is the ability to match any offer Clay receivers from a team on the open market.

However, if Clay receives an offer from another team, but the Dolphins refuse to match it, they would not receive any compensation.

Ian Rapoport mentions that there was talk that Clay could secure as much as $6 million – $7 million on the open market, so this will be an interesting situation to monitor.

Clay, 25, had played out his four-year, $2.152 million rookie contract and was set to be an unrestricted free agent next week.

In 2014, Clay caught 58 passes for 605 yards receiving and three touchdowns over the course of 14 games. Pro Football Focus has him rated as the No. 14 tight end out of 67 qualifying players.

We had Clay listed as the No. 33 player in our Top 100 Free Agents list.