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Blue Jays: What Will Smith’s Braves Deal Says About Ken Giles’ value

Lefty closer Will Smith rejected the Giants’ qualifying offer and left the free agent market even before the 5 p.m. ET deadline to accept the QO, signing a 3 year/$40 million deal with the Braves. Three years are guaranteed at $39 million, with a $13 million club option for 2023 that includes a $1 million buyout according to Ken Rosenthal, bringing the total value to $40 million at a $13.333 million AAV.

Given that closer Aroldis Chapman already re-upped with the Yankees, opting-in to the remaining two years of his contract and adding a third year at a $16 million AAV over the next three seasons, no premium closers remain as free agents.