Jason Frasor is discussing potential contracts with three teams and may sign a multiyear deal tonight. But if he doesn't sign a multi-year contract by tonight at midnight EDT, the Type A free agent will accept the Blue Jays' offer of arbitration, according to Ken Rosenthal of FOX Sports (on Twitter).
If a team other than Toronto signs Frasor tonight, they'll surrender a top pick in the 2011 draft. The Blue Jays would obtain that draft choice and a supplementary first round pick for losing Frasor to another club. Frasor posted a 3.68 ERA with 9.2 K/9 and 3.8 BB/9 after a slow start last year, so he'd be a welcome addition to just about any big league bullpen. But Type A status figures to limit for Frasor, Frank Francisco and Grant Balfour to an extent.