After thinking it over, I have no problem with all 3 being given the QO
There's only a risk with Saunders and it's probably worth it
For Bautista you're OK making the offer because you're not upset if he accepts it. That would be great actually. You hang on to him for another year with a legit chance at contention, and chances are he's worth it even with a modest season. It's less than a 3M increase for him. Then you can go through the same process next year.
Edwin clearly won't accept it and will obviously get better offers from the Jays and others, so you're either keeping him for several years or collecting a draft pick.
Saunders is exactly the type/caliber of player who is most constrained by the QO and it's probably worth making the offer, hoping to either collect a draft pick or get him on a cheaper 2 year deal or something. It's *probably* worth the risk for a team with a decent budget like the Jays have.