Slick-fielding shortstop Ray Olmedo was claimed by the Jays from Cincinnati. To make room on the 40 man roster, Ryan Roberts was designated for assignment.

The Jays have not yet come to agreement with their three remaining arbitration eligible players: Alex Rios, Reed Johnson and Scott Downs. Today they exchanged offers.

Jeff Blair writes that the Jays and Vernon Wells agreed to a contract on Friday night. Peter Gammons notes that the deal is pending the approval of the Player's Union.

Ken Rosenthal reports that, "an agreement between the Jays and Wells is close, according to major-league sources".

Jeff Blair writes that the Jays have offered a contract to Vernon Wells that would place Wells among the "top-10 highest-paid players in the major leagues and likely exceed the average annual value of the free-agent deal Alfonso Soriano signed with the Chicago Cubs this winter."

"We have made a formal offer," Blue Jays general manager J.P. Ricciardi said Tuesday.

It's decision day for arbitration eligibles. Who will be non-tendered? In other news, the Rangers signed Eric Gagne to a 1 year contract, while PECOTA likes Matsuzaka 4.01.

What you got?

Gil Meche for 5 years at $11 million per annum to the Royals.  The Mariners send Rafael Soriano to the Braves for Horacio Ramirez. And all is quiet, so far today, on the home front. 

Today, we have a "you supply the punch-line" joke.  What do you call it when John Schuerholz and Bill Bavasi spend 20 minutes in a room together alone?  Please keep it G-rated.

Jeff Blair reports that the Jays have reached an agreement with Matt Stairs. Terms of the deal were not disclosed.

"I expect I'll be doing the same thing with Toronto that I've done most of my career: play a little first base, DH to spell off Frank (Thomas), and be a bat off the bench late in the game."

The Blue Jays signed catcher Jason Phillips to a 1 year, $500,000 contract.

Jeff Blair says it's a done deal with the Jays and Zaun. Two years, $7.25 million, with an option for a third year based on games played. (thanks to China fan for the heads up)

JP Ricciardi confirmed the Zaun signing today.