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Blue Jays Outright Yariel Rodriguez

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The Blue Jays are outrighting Yariel Rodriguez off their 40-man roster, according to Sportsnet’s Ben Nicholson-Smith and Shi Davidi.  Reporter Francys Romero had the news earlier this afternoon that Rodriguez was being designated for assignment, though the Sportsnet item clarifies that Rodriguez wasn’t DFA’ed, but has already cleared outright waivers.

It isn’t yet known if this is tied to any upcoming roster move.  A 40-man roster spot wasn’t immediately needed for the Jays, as the club has only 38 players on their current 40-man.  Cody Ponce’s three-year contract has yet to be officially announced, but once that deal is complete, the Jays will now still retain two vacancies on their 40-man with Rodriguez now apparently on his way out.

It’s a somewhat surprising move on paper, as Rodriguez had a 3.08 ERA over 73 innings out of Toronto’s bullpen in 2025, and he received some high-leverage work in a set-up role in the earlier part of the year.  He was also included on the Blue Jays’ rosters for both the ALDS and ALCS, and he was charged with three earned runs over 2 2/3 innings of work before being left off the World Series roster.

The 3.08 ERA was seemingly a positive step forward from the 4.47 ERA that Rodriguez posted over 86 2/3 innings as a starting pitcher in 2024 (his first season in the majors), though a look under the hood reveals some pretty similar peripherals.  Rodriguez’s 22.1% strikeout rate and 11.4% walk rate in 2025 were both a tick backwards from his 2024 statistics.  After posting a 4.46 SIERA that almost matched his ERA, there was a much larger gap between the righty’s 3.08 ERA and 4.27 SIERA in 2025, as Rodriguez was aided by a .228 BABIP and an 81.2% strand rate this past season.

Two seasons of middling strikeout rates and hefty walk totals left the Blue Jays ready to move on from the right-hander, less than two years after Rodriguez signed a five-year, $32MM free agent contract.  $17MM remains on that contract, in the form of a $5MM salary in 2026, $6MM in 2027, and then a $6MM player option for 2028 or (if Rodriguez does opt out), a $10MM club option that the Jays can exercise to retain him for the 2028 campaign.

Unsurprisingly, no team was willing to claim away this remaining contract on waivers, and thus Rodriguez has now been outrighted off the 40-man.  He is still in the Toronto organization, as Rodriguez doesn’t have the necessary service time or a past outright on his resume that he would need to give himself the ability to decline the outright assignment in favor of free agency.  This means that the Blue Jays could still select Rodriguez’s contract back to the 40-man at any point, whether in the offseason or during the 2026 campaign.

However, the outright clearly puts Rodriguez in line as something of a secondary option within Toronto’s bullpen plans, and likely makes him a trade candidate for the remainder of the winter.  While no team was going to eat all of that $17MM deal, the Jays could explore (or continue exploring, as they’ve surely checked around about trade possibilities) moving Rodriguez as part of a swap of unwelcome contracts, or the Jays could eat a significant chunk of the $17MM to help accommodate a trade.

It has already been a busy offseason for the Blue Jays, who have signed Ponce and Dylan Cease to multi-year contracts, and Shane Bieber is also staying in the rotation after declining to opt out of the final year of his deal.  This puts the Jays in line for approximately a $267.9MM payroll and a $282.5MM luxury tax number (projections courtesy of RosterResource), and this is before Toronto addresses its lineup or bullpen needs heading into the 2026 campaign.

The four largest payrolls in Blue Jays history have come in each of the last four seasons, as ownership has been willing to foot increasingly large bills on the both the salary and tax fronts.  The Blue Jays paid the luxury tax in both 2023 and 2025, and their current 2026 projection already has them just shy of the $284MM tax threshold and the third penalty tier.

Given how the Jays have already signed Cease and have been linked to many other big names this offseason (i.e. Kyle Tucker, Cody Bellinger, and old friend Bo Bichette), clearly more spending is still to come.  That said, only the front office knows exactly what the budget actually is, and trimming some excess salary like Rodriguez could free up some extra dollars that could be put towards some higher-ceiling talent.  The fact that Toronto has two open 40-man roster spots heading into the Winter Meetings is perhaps a hint that the Jays might be anticipating another new acquisition sooner rather than later.

Blue Jays Interested In Kazuma Okamoto

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Kazuma Okamoto’s posting window closes in four weeks’ time, and Jon Heyman of the New York Post writes that the six-time NPB All-Star is getting “big interest” from Major League teams.  The Pirates and Red Sox have already been linked to Okamoto’s market, and Heyman reports that the Blue Jays are also showing interest.

Okamoto was mostly a third baseman during his time with the Yomiuri Giants, but he also logged a good deal of time as a first baseman and corner outfielder.  While he wouldn’t get much time at first base in Toronto due to Vladimir Guerrero Jr.’s presence, Okamoto’s defensive utility undoubtedly has some appeal to a Blue Jays team that likes to mix and match around its lineup.  Third base would probably be Okamoto’s primary position in Toronto, yet his ability to also work in the corner outfield could make him something of a right-handed hitting version of Addison Barger, who is expected to continue operating as a third baseman/right fielder depending on what other winter moves the Jays end up completing.

Bo Bichette naturally looms as the biggest question mark hanging over the Blue Jays’ infield, as Toronto remains engaged with the former All-Star about a reunion.  If Bichette re-signs, it might make the infield a little too crowded for Okamoto as well, since that would have the ripple effect of pushing Barger into more or less everyday outfield duty, and leave little playing time for the likes of Ernie Clement or Nathan Lukes.  Likewise, if the Jays were to sign another prime offseason target like Kyle Tucker, that pushes Barger into more of a third base role, making Okamoto then redundant.

Trades could alter the roster situation, of course, but whatever team signs Okamoto would surely have designs on him as more than just a part-time player.  MLB Trade Rumors ranked Okamoto 19th on our list of the offseason’s top 50 free agents, and projected a four-year, $64MM deal for the 29-year-old.  This contract doesn’t factor in the posting fee a big league team would also owe to the Giants, which hinges on the size of Okamoto’s deal — a $64MM contract would translate to an $11.5MM posting free, for instance.

Okamoto has 248 home runs and an outstanding .277/.361/.521 slash line over his career in Japan, though there are always questions about how exactly hitters will adjust in the move from NPB to MLB.  In Okamoto’s case in particular, Fangraphs’ Eric Longenhagen raised some concerns over how the infielder will adjust to the higher velocities of big league pitching, as Okamoto has been inconsistent against pitches over 94mph.

The Blue Jays are broadly an “in on everyone” team that at least checks in on pretty much every available free agent or trade target every winter.  It could be that their interest in Okamoto is an extension of his due diligence, since Okamoto wouldn’t be as clean a fit on Toronto’s roster as other winter targets.

That said, the Jays have already added Dylan Cease and Cody Ponce to the rotation, and their continued explorations into other big-ticket names indicates that Toronto is prepared to be even more aggressive after coming so close to a World Series title in 2025.  The Blue Jays also have a longstanding interest in trying to establish themselves amongst Japanese players and fans, which has involved failed pursuits of Yoshinobu Yamamoto and Roki Sasaki in the past.

Poll: Would Kyle Tucker Or Bo Bichette Fit The Blue Jays Better?

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The Blue Jays have been the most aggressive team in free agency by far this winter. Their offseason so far has been headlined by a seven-year deal for Dylan Cease. That hasn’t stopped them from remaining aggressive at the top of the market, however, and the Jays remain the team that’s been most clearly connected to the winter’s top two free agents: outfielder Kyle Tucker and infielder Bo Bichette. Bichette, of course, has spent his entire career with the Blue Jays and has not been shy about his desire to remain with Toronto going forward. Tucker, meanwhile, seems all but certain to depart from the incumbent Cubs for greener pastures and just yesterday met with the Jays at the club’s Spring Training complex in Dunedin.

While Toronto is very clearly involved in the markets for both players, it’s worth remembering that the Blue Jays already have a luxury tax payroll of around $282MM, according to RosterResource. Adding Tucker or Bichette and a $25-40MM annual salary to the books would push them past the highest threshold of the luxury tax, which sits at $304MM and carries with it the steepest penalties for going over.  They might not be willing or able to both re-sign Bichette and also bring Tucker into the fold. If the Jays are only able to land one of the offseason’s top two hitters, then, who would be the better fit for their roster?

Bichette is the familiar pick, and it’s hard to argue with his impact on the team. A three-run homer off Shohei Ohtani Bichette hit while playing through injury in Game 7 of this year’s World Series nearly made the Jays champions and that was just one piece of the .348/.444/.478 performance he turned in across seven Fall Classic games despite being hobbled on the bases and in the field. While an injury-marred and deeply disappointing season for Bichette in 2024 soured some on his overall profile, he’s still turned in a wRC+ of 120 or higher in six of his seven MLB seasons with a career mark of 122. That he’s done all that while typically playing a generally adequate shortstop is all the more impressive.

With that being said, Bichette isn’t exactly a perennial MVP candidate. His defense on the infield has never been great and a disastrous defensive season by the metrics this year has made it all the more clear that his future is likely at second or third base. For as consistently impressive as Bichette has been when healthy, he was only the third-best hitter on the Jays in 2025. Vladimir Guerrero Jr. has, of course, stood head and shoulders above the rest of the team in terms of star power and overall offensive impact, but there have been years where Bichette was outperformed by George Springer, Alejandro Kirk, Brandon Belt, Marcus Semien, and Teoscar Hernandez in the Jays’ lineup over the years. None of those players come close to matching Bichette’s consistency, but it’s fair to argue that he doesn’t offer the sort of six-plus win upside offered by many of the recent top free agents available.

That’s where Tucker stands out. The 28-year-old (29 in January) is a simply a cut above Bichette as a hitter. Tucker’s career 138 wRC+ is four points higher than the mark Bichette posted this year, which was his career-best in a season, outside of his 46-game rookie campaign in 2019. Since the start of the 2021 season, Tucker has hit .277/.365/.514 with 23.4 fWAR, a greater total than Bichette has accumulated across his entire career. Tucker is also a perennial threat to steal 25 to 30 bases, while Bichette has swiped more than 13 bags just once before in his career. Tucker’s status as a left-handed bat would also make him a strong complement to the Jays’ cache of impressive right-handed hitters, which includes not only Guerrero but also Springer and Kirk.

As perfect as the fit between Tucker and the Jays might seem, however, it’s worth considering the fact that Bichette could prove to be a better long-term investment. Both have dealt with injuries over the past two years, with 214 games played for Tucker and 220 for Bichette. With that said, Bichette is a year younger than Tucker and also figures to command the shorter (and cheaper) deal of the two; MLBTR predicts an eight-year, $208MM deal for Bichette, while Tucker is predicted to land a $400MM deal across 11 years. Paying Bichette through his age-35 season certainly sounds more appealing than paying Tucker through his age-39 campaign in terms of the team’s long-term prospects. At the same time, Tucker would undoubtedly offer more near-term impact to a team that just came just a few outs within a World Series title and has already made it as clear as can be that they’re all-in on their current window.

There’s also the positional fit to consider. Bichette could either return to his shortstop position or take second, with Andres Gimenez taking the other middle infield spot. That would leave every other position player in a similar spot to 2025. Addison Barger and Davis Schneider both played some infield and some outfield while Ernie Clement played all around the infield.

If Tucker were signed, he would jump into an outfield mix with Springer, Anthony Santander and Daulton Varsho. It would push Barger and Schneider more firmly into the infield and bump Nathan Lukes to the bench, unless someone were then traded.

Assuming the Blue Jays can only sign one of Bichette or Tucker, which one do MLBTR readers think would be a better fit for the organization? Would Bichette’s status as an anchor of the current team, consistency, and more affordable expected contract make him the better choice? Or does the immediate impact and big lefty bat Tucker offers outweigh those advantages? Or should they skip both and spend their money on relievers or a different bat? Have your say in the poll below:

MLBTR Podcast: An Agent’s Perspective with B.B. Abbott – Also, Cease, Williams, Helsley, And Gray

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by B.B. Abbott of Wasserman Baseball to discuss…

  • Abbott’s approach to free agency (3:30)
  • The impact of the media on free agency (10:00)
  • The different levels of player involvement in free agency (17:00)
  • The decision to sign an extension instead of going to free agency (20:15)
  • Chris Sale and his extensions with the White Sox, Red Sox and Braves (23:00)
  • Byron Buxton and his extension with the Twins (28:50)
  • Representing young players going into the draft (32:10)
  • The general state of baseball (35:50)

Plus, Anthony Franco of MLB Trade Rumors joins the show to discuss…

Check out our past episodes!

  • Some “Classic Baseball Trades,” Nimmo For Semien, And Ward For Rodriguez – listen here
  • Offseason Preview Megapod: Top 50 Free Agents – listen here
  • Surprising Option Decisions, Qualifying Offers, And Paul DePodesta – listen here

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Photo courtesy of Jerome Miron, Imagn Images

Kyle Tucker Visits Blue Jays’ Spring Facility

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The Blue Jays welcomed Kyle Tucker to their Dunedin complex this afternoon, reports Robert Murray of FanSided. Murray writes that the Jays continue to have interest in both Tucker and Bo Bichette.

Toronto has been the most aggressive team in the first month of the offseason. Their seven-year deal with Dylan Cease is the biggest signing to date. They agreed to a three-year contract with KBO MVP Cody Ponce to deepen the rotation. None of that is expected to take them out of the mix on a top free agent hitter. It’d be stunning to see them sign Tucker and Bichette — who’ll probably join Cease in receiving the three largest contracts of the offseason — but the Jays appear firmly in play for either of free agency’s two best hitters.

Re-signing Bichette would be the more straightforward move, but Tucker is the better all-around player. He’s a lifetime .273/.358/.507 hitter and is coming off a .266/.377/.464 showing in his lone season with the Cubs. Even if the Jays don’t really need a corner outfielder, Tucker is the caliber of player for whom any team can make room. ESPN’s Jeff Passan wrote last month that some executives with other clubs considered the Jays the likeliest landing spot. That preceded the Cease signing but hasn’t closed the door on the possibility.

MLBTR predicted Tucker to receive an 11-year, $400MM contract as he enters his age-29 season. He declined a qualifying offer and is attached to draft pick compensation. The Jays already forfeited their second- and fifth-highest picks in next year’s draft, plus $1MM from their 2027 international bonus pool, to sign Cease. Signing another qualified free agent would cost them their third- and sixth-highest picks as well. That would not apply to their own qualified free agent in Bichette (though they’d give up their right to receive a compensatory pick after the fourth round).

RosterResource projects the Jays around a $282MM competitive balance tax figure. They’re already on track for the highest payroll in team history. Adding another top free agent would push them beyond the $304MM final luxury tax threshold. There’s no indication that the budget is tight at this point, though the Jays could try to shed some of the remaining three years and $66MM on the José Berríos deal. Toronto is seeking a high-leverage reliever on top of their pursuit for a big bat.

Blue Jays Open To Trading Jose Berrios

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The Blue Jays’ early signings of Dylan Cease and KBO returnee Cody Ponce have deepened a rotation that already included Trey Yesavage, Kevin Gausman, Shane Bieber and Jose Berrios. Lefty Eric Lauer and righty Yariel Rodriguez give Toronto a pair of quality swing options, too, and the Jays still have Bowden Francis and former top prospect Ricky Tiedemann (who should be recovered from 2024 Tommy John surgery) in the upper minors as well.

The magnitude of Ponce’s three-year, $30MM contract presumably puts him squarely into the rotation. Barring a move to a six-man rotation or a spring injury, Toronto will have more starters than rotation places available. Injuries can turn a “surplus” into a deficiency pretty quickly, particularly when it comes to pitchers, but the Jays are willing to trade Berrios, Mitch Bannon of The Athletic reports.

It’s easy to frame this as the Jays adding enough depth that they’re now willing to deal Berrios. That’d be the charitable (to Berrios) way of shaping things. The other and perhaps more likely angle is simply that Toronto wasn’t enamored with Berrios continuing as its fourth starter and has acted decisively with a pair of additions pushing the veteran righty down the depth chart.

Berrios, 32 next May, has been an iron man for the Jays and Twins throughout his big league tenure. He’s started at least 30 games every year since 2018, with the exception of the shortened 2020 season, when he started a full slate of 12 games. No pitcher has started more games (234) or totaled more innings (1367 1/3) than Berrios in that span of eight years.

Along the way, Berrios has generally been an above-average starter. He’s logged a 3.94 ERA, set down 22.6% of his opponents on strikes and only walked 6.8% of the batters he’s faced. Few starters have been this reliable for this long.

Be that as it may, Berrios’ more recent seasons have seen him trend in the wrong direction. After punching out 23.7% of his opponents from 2018-23, he’s dropped to 19.6% over the past two seasons. Add in a 19.8% strikeout rate in 2022, and Berrios has now been under 20% in that regard in three of the past four years. League average in that time has been about 22.5%. Berrios has spent much of his career working with plus command, but this past season’s 8% walk rate — while still slightly better than the 8.4% league average — was up considerably from the 6.3% mark he posted across four prior seasons.

The worrying trends don’t stop there. Berrios’ 93 mph average four-seamer in 2025 was the lowest of his career, while the 92.2 mph average on his sinker was his second-lowest (leading only the 92.1 mph he averaged back in 2019). He also surrendered the highest average exit velocity (90.3 mph) and barrel rate (11.3%) of his career. His opponents’ 42.5% hard-hit rate was the second-highest mark in his MLB run. Berrios has only yielded a hard-hit rate north of 40% in three of his 10 major league seasons. All three have come within the past four years. Unsurprisingly, given the dips in velocity, command and whiffs, Berrios has become more homer-prone; after surrendering an average of 1.17 homers per nine frames from 2017-23, he’s up to 1.43 since Opening Day 2024.

None of this necessarily makes Berrios a bad pitcher. He’s an ultra-durable source of reliable, if unspectacular innings. However, coming off a down season that ended with what was incredibly the first IL stint of his big league career (elbow inflammation), would Berrios match the remaining three years and $66MM on his contract? He’d be hard-pressed to do so — certainly once factoring in the opt-out provision he has following the 2026 campaign and the escalators that could push his remaining guarantee from $66MM to $70MM.

Currently, Berrios is guaranteed $24MM in both 2027 and 2028. Both figures would rise by $1MM if the right-hander pitches a combined 300 innings in 2025-26 and another $1MM if he gets to a combined 350 innings. With 166 frames under his belt in 2025, he’d only need 134 innings in 2026 to secure an additional $2MM and a tougher but plausible 184 innings to tack on yet another $1MM per season. Given his durability, it’s likely that Berrios will at least be promised at least $50MM over two seasons when weighing his opt-out opportunity next winter — and possibly two years and $52MM.

All of that coalesces to make Berrios a difficult player to trade. He’ll pitch next year at 32, so it’s hardly out of the question that he rediscovers some of his waning ability to miss bats and/or limit walks and boosts his profile a bit. In that instance, however, Berrios might very well opt out of the two years left on his contract beyond the 2026 season. On the other hand, if the veteran righty continues to see his strikeouts dip and/or see his walks creep further north, he could be more of an innings-eating fifth starter who’s trending down and owed $24-26MM in both his age-33 and age-34 campaigns.

Essentially, any team trading for Berrios would probably do so with the hope that he’d rebound closer to his 2021-23 form — at which point he’d likely opt out. But to acquire him, they’d also have to take on the downside of Berrios maintaining his recent status quo or even slipping further, thus making that $48-52MM owed to him in 2027-28 wholly unappealing.

It’d be a surprise if the Jays were to find an interested team that was willing to both take on the entirety of Berrios’ remaining contract (to say nothing of doing so and surrendering young talent). In all likelihood, the Jays would need to include at least some cash or take back another contract of some note at a different position. That said, starting pitching is always in demand, and there are always teams looking for creative ways to swap weighty contracts that might better fit their current roster or payroll objectives.

One other fascinating wrinkle to consider: Berrios ended the 2025 season with 9.044 years of major league service time. That places him 128 days shy of 10 years. With MLB Opening Day set for March 25 and the trade deadline set to fall on Friday, July 31, Berrios would reach 10 years of service the day before next summer’s deadline. At that point, he’d acquire 10-and-5 rights — 10 years of MLB service, including the past five with the same team — thereby granting him full veto power over any trade scenarios. Currently, Berrios can block trades to a slate of eight teams.

Toronto can still carry Berrios into the 2026 season and enjoy the depth he provides. In all likelihood, injuries are going to thin out the top end of the current rotation options. That’s just reality for any big league club in today’s game. But the Jays have viable rotation alternatives, and the looming realization of Berrios’ 10-and-5 rights mean that trading him next winter will be even more complicated if he chooses to forgo his opt-out. There’d also be quite a bit of pressure to try to push a deal across the finish line in late July in the event that the Jays are intent on dealing him this summer.

It’s a complicated scenario, to say the least. Berrios’ contract is underwater but not an albatross. He’s a durable source of steady innings but no longer a borderline All-Star. The Jays can try to trade him this winter or during the season, but they’ll have not only the “clock” of the trade deadline but also the artificial clock of Berrios’ forthcoming full no-trade rights. Moving Berrios now would free up some more space for a run at re-signing Bo Bichette or trying to lure Kyle Tucker to Toronto, though the Jays would probably need to take on some other costs in order to get a deal done. It all makes for a fascinating thread to follow ahead of next week’s Winter Meetings, where convoluted trade packages and high-profile changes of scenery are the norm.

Blue Jays Sign Dylan Cease To Seven-Year Deal

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December 3rd: The full breakdown is provided by Jon Heyman of The New York Post. Cease gets a $23MM signing bonus and then a $22MM salary in 2026. His salary then jumps to $30MM in 2027 and falls by $1MM in each subsequent season. $10MM of his 2026 salary is deferred followed by $9MM in each season after that. The deal also contains awards bonuses and a limited no-trade clause.

December 2nd: The Jays made it official today, announcing they have signed Cease to a seven-year deal. Ken Rosenthal of The Athletic reports that the MLBPA values the contract at roughly $184.6MM after adjusting for the deferred money.

November 26th: The Blue Jays are making a major splash at the top of the rotation. Toronto is in agreement with Dylan Cease on a seven-year contract, pending a physical. It’s reportedly a $210MM guarantee for the Boras Corporation client, though it includes deferred money that’ll drop the average annual value for luxury tax purposes to roughly $26MM. That puts the net present value closer to $182MM.

Even after adjusting for deferrals, it’s the largest free agent signing in franchise history. Though the Jays gave Vladimir Guerrero Jr. a $500MM extension earlier this year, they’d never gone beyond George Springer’s six-year, $150MM deal on the open market.

Cease, 30 next month, entered free agency as a test case of how much modern front offices care about earned run average. In two of the past three seasons, his ERA has jumped to the mid-4.00s, including a 4.55 mark in 2025. However, in just about every other respect, he has been great. He has been incredibly durable. His control isn’t amazing but he has racked up strikeouts. He has kept his fastball velocity in the upper 90s, while also featuring a slider, knuckle curve and changeup.

Though Cease debuted back in 2019, he has actually never been on the major league injured list, apart from a very brief stint on the COVID list in 2021. He made 12 starts in the shortened 2020 season and has taken the ball at least 32 times in each full season since. In total, he’s made 174 starts since the start of 2020, which leads all major league pitchers. He generally doesn’t pitch deep into games, however, so he’s ninth in that span in terms of innings.

On top of the quantity, the quality has been strong. For that same 2020-25 span, he posted a 3.88 ERA. His 9.9% walk rate was a bit on the high side but he punched out 28.9% of batters faced with a 14.4% swinging strike rate.

As mentioned, his ERA has wobbled in recent years, but it has done so while other elements of his game have stayed more consistent. He actually saw his ERA drop to 2.20 in 2022. With the White Sox at that time, he finished second in American League Cy Young voting to Justin Verlander. His ERA then shot up to 4.58 in 2023, dropped to 3.47 in 2024 and then climbed back up to 4.55 this year.

But during those ups and downs, his strikeout and walk rates have been less volatile. His strikeout rate did drop from 30.4% in 2022 to 27.3%, but then it climbed to 29.4% and 29.8% in the two most recent campaigns. His 10.4% walk rate in 2022 decreased to 10.1% and 8.5% in the next two years, followed by a slight uptick to 9.8% in 2025.

His batting average on balls in play, which tends to be a bit more luck based, has synched up more with his ERA shifts. A standard BABIP is usually around .290 but Cease was down at .260 in that 2022 season. It then swung the other way to .330 in 2023 as Cease’s ERA climbed, then went to .263 and .320 in the two most recent seasons as his ERA dipped and climbed again.

As such, ERA estimators have considered Cease to be far more steady than his actual ERA. His FIP has been between 3.10 and 3.72 for the past four years. His SIERA was at 3.48 in 2022, jumped a bit to 4.10 in 2023, and then has been at 3.46 and 3.58 in 2024 and 2025.

As we were deliberating our Top 50 Free Agents post at MLBTR, we had many debates about whether the inconsistent ERA would hurt his earning power, perhaps leading him to accept a short-term deal with opt-outs, or if teams would overlook the ERA and sign him based on his consistency in other areas. In the end, we opted for latter, predicting a seven-year, $189MM deal. Cease has surpassed that in terms of sticker price, though the deferrals will seemingly put the net present value closer just below that projection.

The Blue Jays are coming off their best season in years, as they charged all the way to Game Seven of the World Series, ultimately falling to the Dodgers in extra innings. However, the season ended with plenty of rotation uncertainty. Chris Bassitt and Max Scherzer became free agents. Shane Bieber had a $16MM player option he seemed likely to decline. In the long term, Kevin Gausman is a free agent after 2026. José Berríos has an opt-out in his deal after the upcoming campaign.

In the past few weeks and months, the long-term outlook has improved considerably. Trey Yesavage came up late in the year and was immediately able to get hitters out, quickly establishing himself as a rotation building block. Bieber surprisingly decided to trigger his player option and stick with the Jays for one more year. Now Cease is in the fold for the long run.

That gives the Jays a rotation of Gausman, Cease, Yesavage, Bieber and Berríos going into 2026, with guys like Eric Lauer, Ricky Tiedemann and Bowden Francis also in the mix. Though Bieber and Gausman are slated to depart after the upcoming campaign, with Berríos potentially joining them, Cease can serve as a bridge to another era. By then, it’s possible Jake Bloss has recovered from his Tommy John surgery and is back in the mix. Prospects like Gage Stanifer and Johnny King might have climbed into the picture by then as well.

Toronto is paying a significant cost to lock Cease in as a long-term anchor. RosterResource projected their 2026 payroll around $232MM, while their luxury tax number was right around the $244MM base threshold. It won’t be clear how much either number goes up until the payment and deferral structure is reported. The CBT number is based on the contract’s average annual value, so the salary breakdown doesn’t matter for tax purposes, but the deferrals reduce the contract’s actual value by around $4MM annually.

In any case, the Jays are clearly going to pay the tax in 2026, and this will push them beyond the $264MM first surcharge tier. They’re into CBT territory for a second consecutive season, meaning they’re taxed at a 30% rate for their first $20MM in overages. They’ll pay a 42% tax on spending between $264MM and $284MM, 75% for spending between $284MM and $304MM, and a 90% rate on any further spending. The Cease deal itself comes with roughly $8.5MM in taxes, but the penalties will get higher with any more significant additions.

The Jays almost certainly aren’t done. They’ve been loosely linked to Kyle Tucker and have interest in re-signing Bo Bichette. It seems fair to assume they won’t sign all three of this offseason’s top free agents, but a Bichette reunion could still be in play. They’ve also been linked to late-inning bullpen help, ideally a proven closer who’d push Jeff Hoffman into a leverage role in the seventh and eighth innings.

Cease rejected a qualifying offer from the Padres. The Jays are hit with the highest penalty to sign a qualified free agent because they paid the competitive balance tax this year. They’ll surrender their second- and fifth-highest selections in the 2026 draft plus $1MM from their international bonus pool in 2027. San Diego also paid the luxury tax this year, so they’re entitled to the lowest form of compensation: a selection after the fourth round next summer. They’ll get another of those if/when Michael King signs elsewhere.

Jon Heyman of The New York Post first reported the Blue Jays and Cease were in agreement on a seven-year, $210MM deal. Ken Rosenthal of The Athletic was first on the presence of deferrals, while Mitch Bannon of The Athletic reported the approximate $26MM AAV.

Image courtesy of Christopher Hanewinckel, Imagn Images.

Blue Jays Still Exploring Rotation Additions After Dylan Cease Deal

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The Blue Jays made a big move to upgrade their rotation by signing Dylan Cease to a seven-year deal, but they may not be done. Ben Nicholson-Smith of Sportsnet reports that the Jays have remained engaged on the starting pitching market even after agreeing to terms with Cease. The report mentions that the Jays had interest in Joe Ryan of the Twins and MacKenzie Gore of the Nationals prior to the trade deadline, while also suggesting the Jays have some interest in free agents Michael King and Cody Ponce.

The Toronto rotation currently projects to include Cease, Kevin Gausman, Shane Bieber, Trey Yesavage and José Berríos, with guys like Eric Lauer, Ricky Tiedemann and Bowden Francis in the mix as well.

That’s a pretty strong group but there are some question marks. Bieber’s decision to trigger his $16MM player option has led to speculation he may not be 100% healthy. He could have taken a $4MM buyout and returned to free agency, only needing to get $12MM to come out ahead, but a new deal would have required him to pass a physical. To be clear, that’s entirely speculative. There has been no public indication anything is wrong with Bieber, but it’s one possible explanation for why he didn’t pursue a larger deal. Another explanation could be that he simply wanted to stay with the Jays for another year before heading to free agency after a fully healthy season.

Beyond that, Gausman turns 35 in January. Yesavage had a tremendous debut late in the year but is still light on big league experience. Berríos had a mediocre 2025 and finished the season on the injured list due to elbow inflammation, though he is supposedly going to have a normal offseason. Lauer worked both as a starter and a reliever in 2025 and seems likely to do so again next year. Tiedemann has been on prospect lists for years but already had workload concerns before Tommy John surgery wiped out his 2025 season. Francis had a good showing in 2024 but was held back by shoulder problems this year.

There’s also the long-term picture to consider. Gausman, Bieber and Lauer are all slated for free agency after 2026. Berríos can also opt-out of his deal at that time. There’s reportedly been some consideration of trading Berríos but that will be a challenge considering his health status, results and opt-out. The general point is that there’s not a lot of long-term certainty. Signing Cease upgraded the rotation for the upcoming campaign and beyond. Yet another acquisition could do the same.

Gore is a pretty straightforward trade candidate. The Nationals are rebuilding and aren’t likely to be contending for a while. Gore is controlled for two more years and is represented by the Boras Corporation. It’s not true that Boras clients never sign extensions but it’s a decent bet that Gore and Boras are looking forward to free agency.

It’s notable that the Jays were interested in him ahead of the deadline but his situation has changed a bit since then. He was dominant through the All-Star break in 2025, as he had an 3.02 earned run average, 30.5% strikeout rate and 7.7% walk rate at that time. But he struggled down the stretch and went on the IL twice, first due to shoulder inflammation and then an ankle impingement. His results suffered and he finished the year with a 4.17 ERA.

The Nats are getting interest in Gore this offseason but could perhaps wait until the upcoming trade deadline if they don’t get offers to their liking. He is projected by MLBTR contributor Matt Swartz to earn $4.7MM next year, with another arbitration control beyond that. The Nats have very little on their books and don’t need to move him for financial reasons. If the Jays want to circle back to Gore, they might have to put a notable prospect package on the table.

The situation with Ryan is somewhat analogous. He is also two years away from the open market, with a projected $5.8MM salary next year. He has been a pretty consistently above average pitcher in his career. In his 641 1/3 innings, he has a 3.79 ERA, 27.6% strikeout rate and 5.7% walk rate.

The Twins seemed to kick off a rebuild or retool or reset or whatever at the deadline. They traded a number of relievers, including Louis Varland to the Jays, and sent Carlos Correa back to Houston. Coming into this offseason, many expected Ryan and other Twins to be on the trade block but Minnesota’s president of baseball operations Derek Falvey has downplayed the idea that he needs to continue subtracting from the roster.

If the Jays can’t find solutions on the trade market, they could sign another free agent. Nicholson-Smith reports that King “could be” of interest. Though the Jays wouldn’t sacrifice prospects directly, they would still be hurting their farm system. King rejected a qualifying offer from the Padres and is therefore tied to the associated penalties. Since the Jays paid the competitive balance tax in 2025, they would have to forfeit two draft picks and $1MM in international bonus pool space. Cease also rejected a QO from the Padres, so the Jays have already paid that price. If they were to end up with Cease and King, that would mean giving up a total of four draft picks and $2MM from their bonus pool.

It’s unclear if the Jays would be willing to go down that road. It presumably depends on what kind of financial price they would have to pay to sign King. He seemed on track for a nine-figure deal before injuries hampered him in 2025. MLBTR predicted him for a four-year, $80MM deal but it’s possible King looks for a shorter deal with opt-outs, so that he can return to free agency with a healthier platform season.

He had a really strong run from the second half of 2023 through the beginning of 2025. With the Yankees in 2023, he was blocked and stuck in a relief role. As the Yanks were playing out a lost season two years ago, they let King take a rotation job. He performed well and was flipped to the Padres prior to 2024, which eventually became his best season. From August 24th of 2023 through May 18th of 2025, he tossed 267 2/3 innings with a 2.72 ERA, 28.4% strikeout rate and 8.1% walk rate. FanGraphs had him seventh among pitchers in the majors in wins above replacement for that span, behind only Tarik Skubal, Chris Sale, Zack Wheeler, Logan Webb, Cole Ragans and Cease.

The latter months of 2025 were marred by injury, however. A nerve injury in his shoulder put him on the shelf for several months. He came off the IL in August but left knee inflammation sent him right back there. He returned in September and wasn’t amazing, allowing ten earned runs in his final 15 2/3 innings. The Padres gave the Game Three start in the Wild Card round to Yu Darvish, who was 39 years old and battling elbow problems which would require surgery a month later, instead of King.

It all makes King one of the more interesting free agents of the offseason. He was a borderline ace for a while there but also has only one big league season with more than 15 starts. Teams likely have varying opinions on what they expect from him going forward.

As for Ponce, he’s also a wild card, but for different reasons. His MLB track record is small but he’s been pitching well overseas. He just wrapped up a season in which he tossed 180 2/3 innings for the Hanwha Eagles of the Korea Baseball Organization with a 1.89 ERA. His 252 strikeouts were a single-season KBO record. He was named the league MVP for his dominant season but remains unproven in North American ball. Regardless, it has been reported that he could earn $30MM to $40MM on a three-year deal.

Time will tell how aggressively the Jays go after another rotation upgrade. They still have needs elsewhere, including the back of the bullpen. Bringing in an impact bat, such as Kyle Tucker or reuniting with Bo Bichette, seems to be on the to-do list as well. RosterResource projects the Jays for a $263MM payroll and $272MM competitive balance tax figure next year. Those numbers were $258MM and $283MM at the end of 2025. It’s unclear how much farther they can push things but perhaps their deep playoff run in 2025 has created some extra spending capacity in 2026.

Photo courtesy of Matt Krohn, Imagn Images

Blue Jays Notes: Helsley, Berrios, Management Extensions

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The Blue Jays had “at least preliminary interest” in Ryan Helsley before the right-hander signed with the Orioles, The Athletic’s Mitch Bannon reports.  Toronto has shown past interest (both last offseason and at the trade deadline) in trading for Helsley when he was still a member of the Cardinals, so it tracks that the Jays would’ve again considered Helsley in free agency.  As it turned out, the Blue Jays will now have to deal with Helsley pitching for a division rival while Toronto’s own search for bullpen help continues.

Such pitchers as Helsley, Raisel Iglesias, Phil Maton, Edwin Diaz, and Pete Fairbanks have been linked to the Jays thus far, and the first three of those names have already come off the board.  Given how Ross Atkins’ front office is known for casting a wide berth in its free agent explorations, it’s probably safe to guess that the Jays have called about most or all of the top relievers on the market, ranging from set-up men to proven closers like Diaz.  Atkins said after the season that the team was open to the possibility of moving Jeff Hoffman into a set-up role, thus opening the door for Toronto to seek out another top saves candidate.

Of course, the Jays’ biggest winter moves to date have come in the rotation, not the bullpen.  Shane Bieber made the first move himself when he decided against opting out of the final year of his contract, and then the Jays made the priciest free agent signing in franchise history by inking Dylan Cease to a seven-year, $210MM contract.  Within less than a month after the end of the World Series, the Blue Jays rotation suddenly went from a question mark to all but settled.

The projected starting five looks like Cease, Bieber, Kevin Gausman, Trey Yesavage, and Jose Berrios, with Eric Lauer on hand as a swingman.  Adam Macko, Ricky Tiedemann and Bowden Francis are further depth options.  It’s a deeper group with a higher ceiling than the starting pitching mix that got the Jays to the World Series, though it’s possible another starter could still be added.

To make room in the rotation for a higher-caliber arm, the Jays could consider trading Berrios.  Bannon (in a piece for the Athletic) and the Toronto Star’s Gregor Chisholm each floated the concept, as Berrios ended up being the odd man out of the starting mix even before a bout of elbow inflammation kept him sidelined for the Blue Jays’ entire playoff run.  The Jays planned to transition Berrios to bullpen work prior to the postseason, and Berrios made all of one relief appearance before hitting the injured list.

Trading Berrios would be tricky for a few reasons — his eight-team no-trade clause, the three years and $66MM remaining on his contract, and the opt-out clause Berrios holds after the 2026 season.  There’s also the fact that Berrios was pretty unspectacular in 2025, posting a 4.17 ERA and a set of below-average Statcast numbers across 166 innings.  Any Berrios suitor would be counting on a bounce-back, naturally, but primarily might be interested in the veteran righty as a durable source of innings.

Berrios’ ability to eat innings makes him valuable to the Jays as well, considering how their pitchers added more mileage during an extended postseason run.  Moving Berrios would open up some payroll space for Toronto as well, though in limited fashion.  It’s pretty unlikely that the Jays would find a team willing to take the entirety of Berrios’ $66MM salary, plus spending capacity might not really be a concern for a Blue Jays club that already shown it is willing to stretch its payroll even further in search of a championship.

Turning to other topics from Chisholm’s mailbag piece, he believes the Blue Jays might’ve already finalized extensions for Atkins, team president Mark Shapiro, and manager John Schneider if the club hadn’t still been playing on November 1.  Regardless, it just seems like a matter of time before the trio are all officially retained.  Shapiro’s contract is already technically up, and Atkins and Schneider’s deals are up after the 2026 season (the Jays already exercised their club option on Schneider for 2026).

AL East Notes: Bellinger, Tucker, Maton, Campbell

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As usual, the Yankees have been linked to many of the top names on the free agent market, with Kyle Tucker and Cody Bellinger noted as two of the more prominent players on New York’s radar.  How exactly the front office is ordering their internal wish list remains to be seen, but Jon Heyman of the New York Post writes that Tucker “appears to be a backup plan” to Bellinger.  Familiarity and defensive flexibility are the key elements, as Heyman notes that the Yankees already know Bellinger can handle playing in the pressurized environment of the Bronx.  Tucker is primarily a right fielder who would have to move over to left field in New York due to Aaron Judge’s presence, while Bellinger brings more defensive utility as a player capable of playing all three outfield positions and first base.

It can also be assumed that the Yankees would prefer paying Bellinger’s lower price tag  — MLBTR projects Tucker to land an 11-year, $400MM deal, whereas Bellinger is projected for a relatively more modest $140MM over five years.  Signing Tucker would also cost the Yankees draft picks and international bonus money, whereas those qualifying offer-related penalties don’t apply if Bellinger is re-signed.

Here’s some more from around the AL East…

  • The Blue Jays had interest in Phil Maton before the veteran reliever signed with the Cubs, Sportsnet’s Ben Nicholson-Smith reports.  This tracks with the Jays’ previous interest in the righty, as Toronto was previously linked to Maton when he was a free agent last winter and at the trade deadline before Maton was dealt from the Cardinals to the Rangers.  Toronto is known to be looking for a reliever to supplement or even replace Jeff Hoffman in the closer’s role, but Maton also would’ve been a good addition as a bullpen workhorse who has shown an ability to handle higher-leverage work in the past.
  • Kristian Campbell will be playing winter ball, the Boston Globe’s Alex Speier reports, as the Red Sox continue to look to get Campbell on track after a shaky debut season in the majors.  A meteoric rise in his first two pro seasons earned Campbell a spot on Boston’s Opening Day and an eight-year, $60MM extension shortly thereafter, but he hit only .223/.319/.345 over 263 plate appearances as pitchers adjusted quickly to Campbell after his hot start.  Demoted to Triple-A Worcester in June, Campbell hit decently well at Triple-A but with little power, and he also was toggled around the diamond seeing time at first base, second base, and all three outfield positions.  Sox chief baseball officer Craig Breslow told Speier and other reporters earlier in November that Campbell was focused on regaining some weight and becoming stronger to better handle the grind of a full season.  The pricey contract along will keep Campbell involved in Boston’s plans, though it remains to be seen how he’ll fit into a 2026 team that has a crowded outfield, and has been linked to multiple major free agent infielders.
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