Report: Blue Jays nearing two-year deal with Marco Estrada

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We heard yesterday that the Blue Jays and right-hander Marco Estrada were talking about a multi-year deal and now Joel Sherman of the New York Post says there’s “lots of buzz” that the two sides are nearing a two-year contract in the range of $24-29 million.

Estrada was one of 20 free agents who received a one-year, $15.8 million qualifying offer last Friday. The 32-year-old is coming off an excellent season where he posted a 3.13 ERA and 131/55 K/BB ratio over 181 innings. He had a 2.33 ERA over three starts during the Blue Jays’ postseason run.

Estrada would be tied to draft pick compensation if he declines the qualifying offer (he has until 5 p.m. ET tomorrow to do so), which could impact his market. He struggled in 2014 and his success this year was largely unexpected, so teams could be hesitant about giving up a draft pick to sign him in a deep class of free agent starting pitchers. Taking a two-year deal to stay in Toronto makes sense through this prism.