Jon Heyman of MLB Network now reports that it is a major league deal in which the Toronto Blue Jays have reached with Floyd for one-year which includes a base salary of $1MM plus another $1MM in incentives based on days on the club's active roster. RHP Chad Jenkins has been designated for assignment to clear a spot on the 40-man roster.

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The Toronto Blue Jays are said to be progressing towards a deal with veteran right-hander Gavin Floyd, as according to a report from Jon Heyman of MLB Network on Thursday evening.

As reported by Chris Cotillo of SB Nation, the two sides are in agreement as a deal is currently pending a physical on what would appear to be minor-league based.

As noted by MLBTradeRumors, the Baltimore Orioles were said to have interest in the 33 year old earlier in the offseason, however, talks never intensified to a point of which the signing would materialize.

Floyd has faced his ups and downs over the course of the past three seasons and he has seen minimal playing time. The fact is he's injury prone to a certain extent of which his most recent absence was due to Tommy John surgery most recently in 2014 while fresh into a clean slate with the Atlanta Braves. The news came not long after he was activated from the DL where he had gone in for a previous round of the same operation in 2013 after suffering an injury with the Chicago White Sox. Once he became healthy, he joined the Cleveland Indians on a minor league deal for 2015 where he has remained healthy ever since. 

Over the time he played with the Braves, he pitched with an ERA of 2.65 alongside a record of 2-2 in 54 1/3 innings pitched while healthy before concluding his season to undergo yet another operation. 

Floyd has been at the top of the starting rotation before, however, over the years has proven to be a better fit for a middle spot in the order. He looks to work his way back to form in Toronto, trying to put a rocky couple of seasons behind him. 

This would be the second time in which Floyd is signed by a team under the management of president Mark Shapiro and GM Ross Atkins as they brought him to Cleveland in 2015. The two of them must think highly of him to bring him in for another tour of duty with a new city.

Floyd played in 7 total games this past season where he had pitched with an ERA of 2.70 ERA alongside a 0-0 record of in just over 13 innings of work. Over that time span, he recorded just seven strikeouts.

Given the club's internal options heading into 2016, Floyd will have to prove himself in what hopefully does not lead to another upcoming surgery which would then be his first full season since 2012. It seems as if he will start off the regular season with the Triple-A Buffalo Bisons.

Floyd is a former first round draft pick (4th overall) of the Philadelphia Phillies back in 2001 where he spent three seasons before being traded to Chicago in 2006 alongside LHP Gio Gonzalez in exchange for RHP Freddy Garcia. He made his major league debut in 2004. Looking back at his best season in the majors, that would be 2008 when he went 17-8 in 33 starts where he threw 206.1 innings.