Blue Jays Acquire Myles Straw, International Bonus Pool Space From Guardians

The Blue Jays announced that they have acquired outfielder Myles Straw, cash, and 2025 international bonus pool space from the Guardians. Cleveland receives a player to be named later or cash in return. Per Ben Nicholson-Smith and Shi Davidi of Sportsnet, the Jays are adding $2MM of pool space in the deal. Davidi had reported earlier that the Jays were looking to add pool space. Nicholson-Smith and Davidi further report that Cleveland is covering $3.75MM of the $15.5MM that is still owed to Straw. Per Zack Meisel of The Athletic, that will be $1MM in both 2025 and 2026, followed by $1.75MM after that.

With the international pool space, it’s fair to wonder about the Jays and their connection to Japanese right-hander Roki Sasaki. He has to choose his next club in less than a week and is subject to the international bonus pool signing rules. It has been reported that the Jays are one of three finalists for his services, alongside the Dodgers and Padres. Nicholson-Smith and Davidi both caution that this deal does not mean Sasaki has made a decision, rather that the Jays are being prepared for the possibility of Sasaki choosing them. It’s possible that the Padres view themselves as now out of the running, as they have reportedly started finalizing deals with other international amateurs, something they had put on hold while waiting for more info.

Unlike most free agents, Sasaki isn’t going to sign with the club that can offer him the most money. Since he is coming over to North America prior to his 25th birthday, having recently turned 23, he is considered an amateur under MLB’s rules. As such, he is subject to the league’s bonus pool system. Under this system, each team gets a set amount of money to spend on international amateurs each year. As laid out by Ben Badler of Baseball America, the 2025 pools are each between $5-8MM. Broadly speaking, the smaller-market clubs get a bit more than the bigger clubs. A club can also lower its pool amount by signing a player that rejected a qualifying offer.

Teams can trade their bonus pool space with each other, in increments of $250K, but a team can’t increase its initial allotment by more than 60%. As such, Sasaki won’t be able to sign for more than a few million bucks. There will also be a posting fee owed to the Chiba Lotte Marines, his Nippon Professional Baseball club, though that will also be minimal. If money were his primary motivation, he likely would stayed in Japan until he turned 25. That’s what Yoshinobu Yamamoto did, which allowed him to secure a $325MM deal from the Dodgers.

Sasaki is therefore presumably choosing his next clubs based on other factors. He and his agent Joel Wolfe have been fairly cagey about what those factors might be, leaving baseball fans to speculate. It has been suggested that geography, a team’s pitching development reputation and/or long-term competitive outlook are possible factors, though those are mostly guesses.

Though money won’t be the main factor, it’s possible that Sasaki and his reps would like a large bonus, simply out of respect and as a reflection of his status. Sasaki is far more coveted than even the top international amateurs from any other year. The vast majority of signees in the pool system are 16-year-olds from Latin America who are years away from contributing and come with the standard uncertainties that are present with even the best prospects. The best of those guys can sometimes get bonuses of $5MM or more. The Mets gave Elian Peña $5MM this week, the top bonus for an international signing of this year so far.

Sasaki, on the other hand, is viewed as a plug-and-play ace. He already has four years of experience in Japan, having posted a 2.10 earned run average in that time. Though he doesn’t have the ability to ask for Yamamoto money, perhaps he and his reps want to at least get to something in the $6-10MM range so that he at least gets the symbolic victory of being the top bonus of his class.

The Jays started with a pool of $6,261,600. The Dodgers had their pool dropped by $1MM for signing Shohei Ohtani, since he rejected a qualifying offer and they were a competitive balance tax payor in 2023, winding up at $5,146,200. Since the Jays are allowed to increase their pool by 60%, they can theoretically get that number as high as $10,018,560. This deal gets them up to $8,261,600.

In a normal year, all 30 MLB clubs would announced most of their signings on the first day of the international signing period on January 15. That’s because most of these bonuses have been negotiated years in advance. However, Sasaki’s presence has thrown a wrench into the normal operation of things. The Jays, Dodgers and Padres have reportedly been holding off on finalizing their international signings as they await Sasaki’s decision. His posting window closes January 23, so resolution will have to come soon. As mentioned, the Padres are reportedly going to start finalizing some of their international agreements. That doesn’t mean they are definitely out on Sasaki but is obviously a different approach to what the Jays are doing now.

Time will tell whether this extra pool space can help the Jays at all in signing Sasaki, but it suggests they still view it as a possibility. If Sasaki ends up signing elsewhere, they could perhaps try to trade some of that pool space later or use it in a different way. The Sasaki situation has also thrown a few other things into disarray, as a few prospects that were committed to the Dodgers ultimately pivoted to sign elsewhere, not wanting to wait around. Darell Morel, Oscar Patiño and Teilon Serrano each walked away from the Dodgers to sign with the Pirates, White Sox and Twins, respectively. As this game of musical chairs plays out, it’s possible that there will be some interesting ways to use pool space, even without Sasaki.

More to come.