Formerly a productive third baseman with the Brewers, Shaw endured a terrible 2019 in his final season with the club. The Blue Jays still signed him to a $4MM guarantee last offseason, and while Shaw did post much better numbers, they weren’t enough for him to remain in their plans at a similar salary for 2021. The 30-year-old ended the season as a .239/.306/.411 hitter with six home runs in 180 plate appearances.
Cole has struggled with home runs at times, though he only yielded them on 9.7 percent of fly balls in 2020, helping him to a terrific 3.09 ERA in 23 1/3 innings. But some of Cole’s other numbers, including a 4.31 FIP, 7.71 K/9 and 3.47 BB/9, were less impressive. He’d have only made around $1MM via arbitration, but the Blue Jays weren’t willing to keep him around for that.