The Blue Jays had already been one of the sport’s most aggressive teams before signing NPB star Kazuma Okamoto to a four-year, $60MM contract over the weekend. Okamoto joins Dylan Cease, Cody Ponce and Tyler Rogers as significant free agent acquisitions. They’ve also been one of the clubs most frequently tied to the top two free agent hitters, Kyle Tucker and Bo Bichette.
There has been plenty of speculation that the Jays could be Tucker’s eventual landing spot. Mark Feinsand of MLB.com wrote yesterday that two of his sources pegged Toronto as the favorite for the market’s top player. Meanwhile, Mitch Bannon of The Athletic reports this evening that the Jays are making a stronger push for Tucker than they had earlier in the winter. Ben Nicholson-Smith of Sportsnet adds that the sides have had recent conversations, though he suggests the door remains open to Tucker or Bichette. Toronto’s interest in Tucker stretches back to the beginning of the offseason; he visited the club’s Spring Training facility in Dunedin on December 3.
RosterResource calculates the Jays’ payroll around $280MM, which is already $40MM above where they opened the 2025 season. Their luxury tax estimate sits at $308MM, more than $20MM north of last year’s season-ending tax number. They’re above the $304MM mark that represents the top tier of penalization. That already has them on track to pay around $30MM in luxury taxes, more than all but four teams (the Dodgers, Mets, Yankees and Phillies) paid last season. Any future spending is taxed at a 90% clip on the average annual value. A hypothetical $35MM AAV for Tucker would come with a $31.5MM tax on top of it.
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It’s unclear how much of a deterrent the tax obligations are for the Jays. They’re already into uncharted financial waters after coming a few inches away from their first World Series in three decades. The Rogers ownership group and the front office are clearly committed to a win-now posture. George Springer, Shane Bieber, Kevin Gausman and Daulton Varsho will all be free agents next offseason. That’s a lot of money coming off the books but also four key contributors whom they’re not guaranteed to have back in 2027, which should only increase the motivation to make another run this year.
Tucker, a career .273/.358/.507 hitter, is the best offensive player available. He’d step into an everyday right field role, pushing Anthony Santander to left. The Jays would have Springer as their primary designated hitter. Okamoto and Addison Barger could play either third base or factor into the corner outfield. It wouldn’t leave much playing time for Nathan Lukes, who’d be a speculative trade candidate. Lukes is coming off a solid season (.255/.323/.407 with 12 homers) but isn’t the kind of player who’ll prevent teams from making a run at a star.
General manager Ross Atkins spoke in generalities this morning about the team’s diligence in looking for continued ways to improve (link via Ben Nicholson-Smith of Sportsnet). Atkins noted that any “additions at this point start to cut away playing time from players that we feel are very good major league pieces.” While it’s not a given that they’ll make any moves, that’d seemingly point toward them only strongly pursuing impact talent rather than targeting marginal upgrades over role players.
If the Jays were to land Tucker, that’d almost certainly close the door on a reunion with Bichette. One team signing the top three free agents in an offseason is essentially without precedent, and adding both players would push Toronto’s luxury tax number well above $350MM. Bannon indeed suggests that while the Jays aren’t out of the running for Bichette, a new deal with their longtime shortstop looks less likely after the Okamoto signing.
Playing Okamoto and/or Barger regularly at third base pushes Ernie Clement to second, where Bichette would probably be penciled in if he heads back to Rogers Centre. The bigger deterrent may simply be a reluctance on the team’s part to make a long-term commitment to Bichette. Bannon writes that a reunion could be more likely if the infielder settles for a shorter deal that allows him to opt out after the first season.