I could be wrong, but didn't the Jays have to pick up both years of club options on Gregg ($4.75m next season, then $8.75m the year after)?
Either way, I think the Jays are going for the common small market strategy of filling the bullpen with cheap, young arms. I like the idea especially since it protects against the all too common veteran closer who only comes into games when it's a save situation and can't ever pitch more than an inning. I'd rather have a young guy who might not be quite as good, but his ability can be maximized by using him when it really matters (ie; 8th inning, 1 out, bases loaded, 3-2 game) rather than when there's a save on the line.
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