Estrada, 34, was set to become a free agent after the season. He earned $26 million on a two-year contract signed with the Jays in November 2015. While the right-hander has a subpar 4.84 ERA on the season, he has a solid 170/67 K/BB ratio in 176 2/3 innings and has looked much better since the end of July. Between July 31 and his most recent start on Saturday, Estrada owns a 3.75 ERA.
J.A. Happ is the only other starter technically under contract with the Jays next season. Marcus Stroman will be eligible for his second year of arbitration and the Jays will certainly agree to give him a raise on his $3.4 million salary for the 2017 season. The Jays will likely be active this offseason in adding rotation help and they’re starting early by locking up Estrada.