A Blue Jays team without Jose Bautista feels a bit dirty. It’s theoretically possible — and, given the fact that the Blue Jays existed before Bautista donned their uniform, it’s verifiably possible, too. Yet fate seems to have conspired to reunite the bearded bringer of dingers with the Jays. Bautista is reportedly going back to Toronto after finding that his age and rejection of the qualifying offer have dampened his market far more than expected.

After at one point reportedly seeking a contract in the neighborhood of five years and $150 million, Bautista is signing for one guaranteed season at an $18 million clip, with two options that could bring the total of the deal to $60 million. Regardless of whether or not those two years get picked up, he’s beaten the initial $17.2 million qualifying offer. Mutual options are almost never exercised, of course, but Jeff Passan did mention yesterday that Bautista is turning down bigger money to come back to the Jays.

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Even on a deal as short as the one to which the Phillies and Michael Saunders agreed this week — he’ll reportedly get $9 million for one year and the club will have the option to re-up him at something like $11 to 14 million — two relevant questions emerge immediately. One: is Saunders healthy enough to believe in? And two: will the power he exhibited last year reappear in 2017?

Well, is he? And will it?

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To this point, the Blue Jays’ winter hasn’t really gone as they had hoped. The team made a strong push to re-sign Edwin Encarnacion right out of the gates, but when he turned down a reported $80 million over four years in order to test the market, they decided that they needed to make sure they didn’t get left without an alternative option, and so they pounced on the worse-but-cheaper Kendrys Morales, giving him $33 million over three years instead.

When the news leaked, I explained why I wasn’t a big fan of the signing.

With Edwin Encarnacion and Jose Bautista, the Jays have two DH-type players that they could have signed to much more lucrative long-term deals, but Morales presents a much cheaper option, giving the team the flexibility to spend the extra $40 or $50 million on an outfielder, bullpen upgrades, or both. Instead of putting their money into one better player, the Jays look like they’re again going to bet on depth.

In general, I think that plan can often work out, especially if you have some serious holes on the roster that need addressing, as the Jays do. In practice, though, I’m not sure if I’m as excited about spending $33 million on Kendrys Morales as part of a spread-things-around approach.

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So, yeah, $33 million for the age 34-36 seasons of a decent hitter who can’t run seems like not a great use of funds to me. The team could still make this plan worthwhile if they spend the savings on a quality regular or a couple of good role players, but Morales himself just isn’t that good.

By giving Morales just a portion of what the team had allocated for Encarnacion, the Jays should still have some money to spend in order to round out the roster. Just the difference between their DH offers total $47 million, which should be enough to get them an upgrade (or two) over Ezequiel Carrera and Melvin Upton in the outfield. Of course, you won’t get a superstar for that kind of money — Josh Reddick got $52 million, for reference — but there’s at least enough money left to make the decision to not let Encarnacion’s market play itself out look a little less awkward.

After all, it’s easy to crush the Blue Jays for giving Morales $33 million when Encarnacion ended up signing for $60 million, but that is using information not available at the time to say that the Jays should have anticipated that Encarnacion’s market was going to crater. I don’t know that it was something that should have been reasonably forecasted, given his consistency, durability, and the fact that MLB teams have generally paid well for his skillset. I projected Encarnacion would get 4/$84M this winter; the crowd projected 4/$90M. It’s fair to say that the Jays perhaps should not have seen Morales as a target so good they couldn’t let him get away, limiting their options in the process, but I think once Encarnacion turned down 4/$80M, they probably were correct to think that they were better off going another direction, since similar players to Encarnacion have not aged particularly well.

But right now, with Encarnacion in Cleveland on a contract the Jays clearly would have signed in a heartbeat at the start of the winter, the series of decisions that led to this point are easy to take issue with. Sure, they have some money to spend, but they now have a worse old DH, a 1B platoon of a bad player and a frequently injured guy, and they still haven’t found any corner outfielders. On January 3rd, this all doesn’t look great.

But in looking forward, I wonder if this isn’t actually going to work out just fine for the Blue Jays. Because, barring some unforeseen new bidder for Jose Bautista, the Jays might end up getting the better of their two star sluggers back, with perhaps enough money left over to make their team better than if they had been able to re-sign Encarnacion to begin with.

As Jeff Passan wrote recently, Jose Bautista (at his original asking price, anyway) has been essentially rejected by the league, and has found himself without any real serious suitors through the first two months of the winter, and is reportedly now open to talking about a one year deal. If he has a bounce back 2017 season and hits free agency next winter without a qualifying offer attached — the new CBA states that players can’t be offered a QO more than once in their career — he could very likely do better overall than by taking a discounted multi-year deal this winter, even though he’ll be another year older.

And a one year deal with Bautista is just about the perfect option for the Jays. For all the talk of Bautista aging and his skills declining, he just put up a 122 wRC+ in a down year, which is still pretty good. For context, the Jays have been frequently mentioned as a possible landing spot for Jay Bruce, since they tried to trade for him last spring, and as a corner outfielder with one year left on his deal, he’d fit what the Jays are looking for. Except in the best offensive season of his career (2010), Bruce put up a 124 wRC+, the only time he’s ever put up a better offensive season than what Bautista did last year. A broken-down, playing-through-injury Bautista was basically as good a hitter as Bruce at his absolute best.

If the Jays can really get Bautista for something like $20-$25 million on a one-year deal, they’ll likely be better off than if they had re-signed Encarnacion and traded for Bruce (or someone of his ilk) to fill the hole in RF. The Jays were never going to bring back both of their star sluggers, so if they had landed Encarnacion at that $20 million a year price tag, the replacement outfielder would probably have ended up being roughly equal in price and value to Morales. Landing Bautista for something close to the Encarnacion salary for 2017, without the multi-year commitment on the more expensive player, would give the Jays similar expected performance without nearly as much long-term risk.

While his poor-for-him 2016 season and the league’s muted interest in his services might help push the narrative that Bautista is reaching the end of his career, both ZIPS and Steamer see Bautista as roughly a +3 WAR player next year, with similar offensive projections as Encarnacion. While reasonable people could certainly prefer Encarnacion, and it’s fine to wish the team had gotten him for the 3/$60M that Cleveland ended up paying, it’s hard to argue that Bautista at 1/~$20M is not an even better option. Even if it’s closer to $25 million, that’s still a reasonable price for a high-level hitter.

And then, with another year of information about how well his body is actually holding up, the Jays could decide whether to keep him in Toronto for the end of his career, or allocate that significant chunk of their budget elsewhere next winter; an option they would not have had if they had re-signed Encarnacion.

Right now, it’s easy to look at the Jays’ winter and say that they should have done things differently. And some of us were even saying that the Morales signing was questionable when it happened, not just after Encarnacion’s price ended up coming down. But whether by good fortune or because they anticipated that Bautista might have a tough road in free agency, the Jays might end up in a better position for both 2017 and long-term than if Encarnacion had taken their original offer. If they get Joey Bats back on a one year deal, we might still question some of the decisions that got them to this point, but the end result might just be better than if they had gotten their way from the start.

Steve Pearce has been very good in two of the last three seasons. The Blue Jays are betting he can be good in the next two, as well, as they have reportedly signed him to a two-year, $12 million deal that likely spells the end of Edwin Encarnacion’s time in Toronto.

This should be a very positive deal for the Blue Jays. Pearce has been prone to injury throughout his career — he he didn’t amass more than 200 plate appearances in a season until 2014 (his eighth in the league) and he dealt with forearm, elbow, hamstring and calf injuries last year — but the Blue Jays have paid him accordingly. Generally speaking, you would expect to see a guy coming off a 136 wRC+ to get more than $6 million per year, but that’s exactly what Pearce is getting. If he produces, the Blue Jays will be getting a steal. If he ends up hurt, as his medical history suggests is likely to happen, the Blue Jays are still OK because they haven’t committed much money to him.

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Sort this year’s free-agent corner outfielders by last year’s production, and Angel Pagan’s name appears right at the top of the list. Sort that same list by projected production, however, and Pagan falls to seventh best, right behind the recently signed Matt Joyce. We all know how projections work: at the most basic level, they’re the product of past performance and age. For most veteran players, those two variables conspire to create a pretty dependable vision of the future.

Pagan has proven to be a difficult case for projection systems, however. He’s been particularly volatile over the course of his career — specifically with regard to his offensive production. If we could identify the causes of that volatility, perhaps we could improve upon the vision of Pagan’s future provided by the projections. And along the way, we might find him the right team.

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After having typically appeared in the very famous pages of Baseball Think Factory, Dan Szymborski’s ZiPS projections have been released at FanGraphs the past few years. The exercise continues this offseason. Below are the projections for the Toronto Blue Jays. Szymborski can be found at ESPN and on Twitter at @DSzymborski.

Other Projections: Chicago NL / Washington.

Batters
The Blue Jays find themselves in a strangely enviable position right now, if ZiPS is to be believed. The loss both of Jose Bautista (510 PA, 3.1 zWAR) and Edwin Encarnacion (576, 3.6) to free agency creates obvious areas of weakness for the club, nor does the combination of Ezequiel Carrera (381, 0.5) and Melvin Upton Jr. (433, 0.4) appear to be what the metaphorical doctor ordered so far as compensating for those losses. That said, every other position on the team (with the exception of first base) is occupied by a capable starter. Translation: the roster can be improved easily by the installation of even just average players in the corner-outfield slots (and/or first base). The Blue Jays’ reported interest in Jay Bruce and Dexter Fowler (the latter of whom received a three-win projection from ZiPS) is unsurprising, as a result.

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The season’s worst home run was a major-league home run. It was hit clean over a major-league fence, against a major-league pitcher, and it didn’t have to bounce off of the head of a major-league outfielder. The season’s worst home run was, objectively, more physically impressive than anything I’ve ever accomplished. I’ve climbed some tall mountains. It’s like walking up really cold and slippery stairs. Nobody would be amazed by anything I’ve done. I’m sitting here amazed that anyone can hit any major-league pitches.

So the point here isn’t to criticize. Everything in baseball is remarkable. But, very simply, there are better home runs, and there are worse home runs. Not all home runs are equally impressive, correct? It follows, therefore, that there would be a worst home run. A least-impressive impressive thing, if you will. Below, you get to see the worst home run of 2016. It was allowed by Chris Sale, and it was hit by Troy Tulowitzki.

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Back in 2008, after a half-decade of great hitting, David Ortiz slumped a bit, recording “only” a 124 wRC+. At 32, it was fair to expect some decline in performance. An offensive line 24% better than league average — as opposed to the 45-75% he’d been sustaining — seemed like a reasonable indicator of that decline. The next season, Ortiz slumped even more, posting just a 100 wRC+, essentially becoming a replacement-level player in the process. It made sense to wonder if he were finished. He wasn’t, of course. Ortiz proceeded to put up a 148 wRC+ over the next seven years, retiring after this past year following his age-40 season.

At 36, free agent Jose Bautista is a few years older than Ortiz was back in 2008, but similar questions apply. From 2010 to 2015, the former Jays outfielder put up a 156 wRC+, establishing himself as one of the best hitters in the game. He entered spring training this year thinking big in free agency, hoping for a contract well above $100 million. Following his 2016 season, that seems less likely. Bautista produced “only” a 122 wRC+ — and, for the first time during his tenure with the Blue Jays, Bautista was a below average player, putting up just a 1.4 WAR.

Despite a disappointing season at the plate, though — and questions about his arm holding up in the outfield — the projections expect a rebound for Bautista. Our Depth Chart forecast calls for a 128 wRC+ and 2.8 WAR from Baustita, which would still make him a valuable player next season.

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The title of this post serves is a warning, but not an absolute one. There’s a price at which just about any player becomes palatable. If Edwin Encarnacion were available to a team for just $1 this offseason, that team should sign him. For a number of reasons, Edwin Encarnacion will not be available for $1 this offseason. For a number of reasons, Edwin Encarnacion is going to earn much more than that. For a number of reasons, he’s likely to be overpaid for the services he’ll render.

Encarnacion, 33, just finished a season in which he hit 42 home runs and produced four wins above replacement. That matches very well with his last five seasons, during which he has averaged 39 homers and four wins above replacement. A standard decline from that level of production should make Encarnacion a very valuable player in this year’s free-agent class, but there are major warning signs.

In his piece on free-agent landmines, Dave Cameron wrote that Encarnacion was unlikely to be worth $100 million ($90 million in salary plus the value of the draft pick) unless he defies the aging process. How do we estimate Encarnacion’s worth? A couple ways, actually.

Let’s begin with a simple way — namely, by applying a standard aging curve to Encarnacion’s current 2017 projection. Encarnacion has been a steady four-win player for half a decade. If we were to see some decline, we might expect him to produce just a 3.5 WAR next season. Our current projections for Encarnacion estimate that he’ll record only a 2.3 WAR next season, however.

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The Toronto Blue Jays agreed to a deal with 23-year-old Cuban prospect Lourdes Gurriel Jr. on Friday. The deal was first reported by MLB.com’s Jesse Sanchez and the terms of the contract — seven years, $22 million — was first reported by Joel Sherman of the New York Post.

The reports I’ve gotten from international scouts regarding Gurriel are solid, if unspectacular. Scouts see the physical talent to play at second, third, or the corner outfield and one source with whom I spoke thought he’d have a chance of playing center field with reps. His arm is plus and he’s an average runner (above-average underway) with passable defensive actions on the infield.

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