
The Toronto Blue Jays are the highest spenders in the free agent market of the offseason so far, with less than a month until spring training. They kick-started their expenditure with the seven-year $210 million contract for Dylan Cease. As is often the case with large contracts in MLB nowadays, the Blue Jays will pay Cease a sizeable chunk of the total in deferrals.
MLB insider Bob Nightengale stated that the contract agreement between the Toronto Blue Jays and Dylan Cease shows why both MLB team ownerships and free agents would prefer deferred payments. He pointed out how the Blue Jays could save money on the deal through deferrals, while the pitcher can avoid harsher taxes.
“Certainly, Cease’s $210 million contract is a prime example benefiting the Blue Jays and himself. His deferrals reduce his contract to $184.63 million in present-day value, lowering the Blue Jays’ AAV for competitive balance tax purposes to $26.375 million instead of $30 million. And for Cease, he’s not only spared Canada’s stiff tax rate on his deferrals, but also on his $23 million signing bonus,” Nightengale wrote in an article for USA-Today.
Toronto’s starting pitching staff is going to be a fun group to watch this year.
— Blue Jays Today (@TodayJays) January 23, 2026
Gausman — The elite vet.
Yesavage — The exciting rookie.
Cease — The K machine.
Bieber — The former Cy Young winner on a mission.
Ponce — The KBO MVP.
Berrios — Mr. Consistent.
Every day will be a… pic.twitter.com/RS9zH4pAqg
Deferred money can give teams greater control over their current payroll and help balance out luxury tax payments. Meanwhile, players can also save a chunk of money, since most states do not charge them on deferred payments if they are not working there when they receive them.
With a number of major additions to their roster during the offseason, the Toronto Blue Jays are stamping their authority as the reigning American League champions. At the moment, they are outspending the Los Angeles Dodgers after falling just short of beating them in the World Series last year. Ryan Phillips of Sports Illustrated expects their payroll to bump up by more than $70 million in 2025.
“Amount spent by the Blue Jays on free agents after coming within a few outs of winning the World Series. Toronto is the only team to outspend the Dodgers in free agency this offseason. They’ve signed Dylan Cease (seven years, $210 million), Kazuma Okamoto (four years, $60 million), Tyler Rogers (three years, $37 million), and Cody Ponce (three years, $30 million) and picked up Shane Bieber’s $16 million option for 2026,” Phillips stated.
The Blue Jays have emptied the bank this offseason
— FanDuel (@FanDuel) January 23, 2026
What else stands out here?#MLB pic.twitter.com/Dmqo3LgSoF
“That’s a lot of money for a team that had a payroll of $239.4 million on Opening Day in 2025. They’re currently looking at a CBT payroll of $312.4 million in ’26.”
Vladimir Guerrero Jr. became the highest earner on the Blue Jays roster following his 14-year, $500 million extension he signed last summer. He will receive $40.21 million in 2026, followed by Dylan Cease, George Springer, and Kevin Gausman, with the trio getting around $25 million each.
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