After missing out on a number of higher priced players, in the opening days of free agency, it appears the New England Patriots have made their first splurge of the off season. The team has reportedly signed Buffalo Bills restricted free agent wide receiver Chris Hogan to an offer sheet. 

The deal, which was reported by NFL Media Insider Ian Rapoport, is for three years and is worth $12 million.

Since Hogan is a restricted free agent, the Bills will have five days to match New England's offer sheet and retain the 27-year-old. After that period, the deal with the Pats will go into effect.

While Buffalo does have the ability to keep the fourth year pro, Rapoport believes it's unlikely that they will match the offer. The Bills do not have much cap flexibility right now.

Hogan had 36 catches for 450 yards and two scores last season. In the two teams' first meeting last season, he was limited to one catch for 11 yards. He exploded in the second game however, catching six passes for 895 yards.

New England had been looking to upgrade at the receiver position this off season, after dealing with injuries and unreliable play at the position last season. Hogan looks to slot into former Patriot Brandon LaFell's role as the team's third option, after Julian Edelman and Danny Amendola, as the team's lineup is currently constituted.