UPDATE (6:09 p.m. ET): The New England Patriots officially signed wide receiver Chris Hogan as a restricted free agent from the Buffalo Bills, according to a team release.

ORIGINAL STORY (3:14 p.m. ET): Wide receiver Chris Hogan reportedly will join the New England Patriots.

The Buffalo Bills declined to match the Patriots’ offer sheet to the restricted free agent, NFL Media’s Ian Rapoport reported Friday. The Patriots’ front-loaded offer was worth $12 million over three years, which would have put the cap-strapped Bills in an even worse financial situation.

Hogan caught 36 passes for 450 yards with two touchdowns as the Bills’ No. 3 receiver in 2015. He’s expected to serve as the Patriots’ “X” receiver, playing alongside Julian Edelman and Danny Amendola in 2016.

Thumbnail photo via Jim Brown/USA TODAY Sports Images

Thumbnail photo via Oct 11, 2015; Nashville, TN, USA; Buffalo Bills wide receiver Chris Hogan (15) reacts after catching a pass against Tennessee Titans cornerback Coty Sensabaugh (24) not pictured) to set up his team for the touchdown during the second half at Nissan Stadium. Buffalo won 14-13. Mandatory Credit: Jim Brown-USA TODAY Sports