According to Chris Cotillo of SB Nation, the Blue Jays have agreed to terms with Gavin Floyd, pending a physical. The 33-year old is a right-handed pitcher who will likely provide valuable depth to Toronto's rotation. Although Floyd was a very durable starter for the early portion of his career, he has appeared in just 21 games since 2013 due to several injuries.
The Blue Jays front office is clearly very familiar with this pitcher, as Mark Shapiro signed him just last offseason. The move did not exactly go as planned, since Floyd spent the vast majority of the season on the disabled list. He did end up returning in September, pitching 13.1 innings across 7 relief appearances.
This signing will likely carry very little risk, but a return to his previous form would provide the Blue Jays with significant value. Floyd was a very solid starter from 2008-2012, posting 15.4 wins above replacement in those five seasons. He also boasted strong numbers in limited action in 2014, as he posted a 2.65 earned run average (3.79 FIP) as a member of the Atlanta Braves.
Something is clearly wrong with Mark Shapiro's watch, as transactions have been reported on Fridays throughout the offseason.