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Predicting a Blue Jays team using cost-effective WAR

What would the Blue Jays team look like, and who would they buy in free agency, if the front office put a strong emphasis on the most affordable wins above replacement?

When Blue Jays president and CEO, Mark Shapiro, joined the Jeff Blair Show on Sportsnet the FAN 590, he suggested that the team would pursue free agents who could add the most WAR per dollar value, in favour of targeting specific positional needs.

What do they have right now?

As it stands, the Blue Jays payroll just above $135 million, which includes arbitration and pre-arbitration salaries (both confirmed, and projected).