According to Shi Davidi of Sportsnet.ca, the Blue Jays and right-hander Brandon Morrow are nearing a three-year, $20 million contract extension.
The proposed deal includes a $10 million option for 2015 or a $1 million buyout. An official announcement could come as soon as tomorrow.
Morrow requested $4.2 million and was offered $3.9 million from the Blue Jays when arbitration figures were exchanged last week. The new deal would at least buy out his final two years of arbitration and his first year of free agency.
Morrow, 27, went 11-11 with a 4.72 ERA over a career-high 179 1/3 innings last season. He led American League starting pitchers by averaging 10.19 K/9.