Good questions, because with Romano (TBD, lets say 10M just guessing?- 2025) , Swanson (4m? - 2025) Bo (11.2m 2025) Bassit (21m 2025), Gausman(23m - 2026), Green (10.5m - 2026) and Springer(25m - 2026) coming off the books, that's 105 million coming off by the end of 2026, 46m alone heading into 2026. Yes, there will be some guys in there needing arb raises in there, but as of now, nobody really prohibitive. Maybe Manoah if he rights the ship between now and then as he's Arb 2 and 3 for 2026 and 2027. Varsho, not exactly looking overly expensive at the moment. Ditto Kirk.
Here's how it looks for 2025 as it stands now:
2025 Arb needs:
Arb 1 - Pop, Clement, Manoah (all should be cheap, Manoah will get a bit more for his big 2022)
Arb 2 - Kirk (gonna guess 4m)
Arb 3 - Romano (im guessing 10M), Cabrera (2.5), Varsho (7-8 maybe? -arb 4 in 2026),
Arb 4 - Vlad (lets just say 30)
THe rest are all league minimum pre-arb.
With the roughly 105m in tax space... the above eats up around 55-60. Add in at least 40 for Soto (hypothetically) and there's still the need for at least 1 starter, some pen arms, and a 3B.
I think if the Jays are going after Soto, and i believe they should, they're very much going to be a tax team for 2025 without some pretty shrewd trades.