Of course it is, as are your comments in your post. Difference being that mine is an opinion, shared by most, based on the information available rather than plucked out of thin air.
The club confirmed that they were both offered contracts but couldn't come to terms.
When you couple that with Mark Stott's comments in his interview with JK and that they both went onto sign two-year deals elsewhere, it's a sensible conclusion to arrive at which I and plenty of others have arrived at.