The Blue Jays held a recent in-person meeting with free agent righty Corbin Burnes, MLB Network’s Jon Morosi reports (video link). Toronto was already connected to Burnes earlier in the offseason, but an in-person meeting between the two parties is of some note all the same. Burnes is one of multiple high-end free agents linked to the Jays in recent weeks. Toronto is, of course, one of the remaining bidders for Juan Soto and has also been tied to lefty Max Fried, outfielder Anthony Santander, infielder Willy Adames and fellow infielder Alex Bregman.
There’s a pervading sense in the industry that the Jays are highly motivated, if not desperate to make a splash in the free agent and/or trade market this offseason. Vladimir Guerrero Jr. and Bo Bichette are entering their final seasons of club control. Chris Bassitt is also a free agent next winter. Kevin Gausman is only signed through 2026. Meanwhile, team president Mark Shapiro is entering the final season of his contract, while general manager Ross Atkins is signed through 2026. They’ve now been atop the Jays’ baseball operations hierarchy for nearly a decade but haven’t won a postseason game since 2016 — their first year on the job. Speculation about the pair’s job security has continued to mount as the team has underperformed.
It’s hard to envision a scenario where the Jays put down more than $600MM for Soto and then turn to give Burnes would could be a $200MM+ deal of his own. More likely, the Jays are laying some groundwork for contingency efforts in the event that Soto spurns their offer for one of his other suitors in New York, Boston or Los Angeles. For the same $600MM+ that Soto will command, the Jays could potentially extend Guerrero, sign one of Burnes/Fried and also sign one of Adames/Bregman/Santander. There’s some inherent logic to diversifying the risk when talking about a sum of $600MM+, but it’s also true that players like Burnes, Fried, Adames, Santander and Bregman are also considerably older than the 26-year-old Soto and are likelier to begin declining sooner.
With regard to Burnes in particular, he’d be a clear upgrade to what’s already a talented Jays rotation. Toronto has Gausman, Bassitt, Jose Berrios in the top three spots. Burnes, who just pitched 194 1/3 innings of 2.92 ERA ball for the division-rival Orioles, could join that trio and make up one of the best one-through-four combinations in the sport. Right-handers Bowden Francis and Yariel Rodriguez would then compete for the fifth spot. Rodriguez, notably, spent a portion of the ’24 season in the bullpen already. Toronto is generally lacking in experienced rotation depth, so adding a durable workhorse like Burnes — third in the majors in innings and fourth in ERA since 2020 — ought to hold extra appeal.
Burnes — or any of the free agents who rejected a qualifying offer — would require the forfeiture of at least the Blue Jays’ second-highest draft pick and $500K of space from next year’s bonus pool for international amateur free agency. The Jays reportedly ducked under the luxury tax threshold by a narrow margin this season, though final tax calculations haven’t yet been released. If they end up slightly over the line, they’d forfeit their second- and fifth-highest picks and $1MM of international bonus pool space.
The Yankees also met with Burnes late last month. The 2021 NL Cy Young winner has also drawn interest from the Giants and Red Sox. The incumbent Orioles have said they’d love to keep Burnes, but it remains to be seen if new owner David Rubenstein will authorize the kind of spending necessary to retain him. If he does sign elsewhere, the O’s would receive a compensatory pick after the first round of the 2025 draft, because Burnes rejected a $21.05MM qualifying offer. They’d receive the same compensation if Santander signs elsewhere after rejecting his own QO, potentially setting the Orioles up for a massive draft in 2025.
