Blue Jays’ Chances of Signing Shohei Ohtani Improve at MLB Winter Meetings

Shohei Ohtani May Become Newest Toronto Blue Jay

The latest odds from bet365 indicate that there’s a real possibility that Shohei Ohtani could be joining the Toronto Blue Jays soon. Just a couple of weeks ago, Toronto had the eighth-shortest odds (+1200) to sign the two-time American League MVP. Now, their odds have significantly improved to second-shortest (+300).

The reported reason behind this drastic change is the Blue Jays’ commitment to make a big push to acquire Ohtani and possibly trade for San Diego Padres outfielder Juan Soto. This shows a new “win-now” mentality, driven by the approaching free agencies of star players Vladimir Guerrero Jr. and Bo Bichette in two years, leading Toronto to make an unprecedented move to secure top talent. The team is considering offering Ohtani a record-breaking long-term contract of over $500 million, despite their previous reluctance to spend more than $150 million on players.

Industry insiders are reporting that the Blue Jays are seriously competing with the Dodgers and Cubs to acquire Ohtani. His decision is anticipated to be made during the MLB Winter Meetings in Nashville next week, and this is where many big signings and trades have historically taken place, setting the tone for the free agency period.

However, there’s also a downside for teams interested in signing Ohtani. After undergoing elbow surgery for the second time in his career, it’s uncertain how effective he’ll be on the mound in 2025 and beyond, which adds a layer of uncertainty to the deal.

According to the odds, there’s a 25% chance that Ohtani might sign with the Blue Jays. While it may be too late to place a bet on his signing, there’s potential value in placing a bet on the Blue Jays to win the World Series (+1200) or capture the American League pennant (+650) before any major trade or acquisition, which could possibly shorten the odds in these two markets.