12:24pm: J.P. Ricciardi is optimistic the Rios extension will get done, and the two sides are pushing their deadline back a few days.
8:17am: According to Bob Elliott of the Toronto Sun, the holdup in the Alex Rios negotiations is the amount of money for the option year. It might be the salary or the buyout amount. Sounds like a minor stumbling block before completing the six-year, $65MM pact.
J.P. Ricciardi is cautiously optimistic; the Jays kick off their season in less than four hours. That is supposedly the deadline, but stretching it another day or two doesn’t seem like a big deal. The Jays are getting a solid price relative to other recently signed right fielders.