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The Toronto Blue Jays have been preaching "financial flexibility" in the wake of the departure of Alex Rios and Scott Rolen. However, it sure doesn't seem that they've done anything with the cash saved, as they failed to sign three of their top four draft picks from the recent draft, including a pair of Canadians.
After inking Chad Jenkins, their first round selection, it was presumed the dominoes would fall, allowing Canadian pitchers James Paxton (compensation pick) and Jake Eliopoulos (second round) to ink on the dotted line. However, they, in addition to third round pick Jake Barrett did get their name on a contract before the Monday deadline. Also interesting to note, of the nine Canadian born players selected by Toronto in the draft, only one (Tony Fernandez's son, a 34th round pick) signed with the Jays.
The big question in all of this, why didn't Toronto bring these prospects into the fold? Ricciardi has been preaching the ability to sign players with salary slashed, but this goes against that line of thinking. For a team rebuilding in the toughest division in baseball, a surplus of young talent is essential. The Jays don't lose their draft selections because they'll receive compensatory picks next year, but they lose what could have been the services of three high end picks in their system this season.
The inability to sign three big drafts picks marks another black hole for an organization that hasn't made the playoffs since 1993.