Worse case he accepts, we have him back on a one year deal, they repeat the same next offseason if they don't deal him at the deadline next year. Worse case he declines, Jays net a pick, he cashes in elsewhere and the Jays stick whomever in LF.
I have the feeling he'll be back unless someone comes out of the woodwork and offers him a multiyear deal. Maybe they'll try to give him a 2-3 year deal or some kind of deal since there is mutual interest and the Jays have to do something to save face and make it look like they're not going to repeat the cycle of incompetence of blowing their load early, getting close to the playoffs, not doing enough to make a push, falling out of it, getting back into it, only to let players walk and stick in some AAAA player or some "prospect" who simply doesn't cut it and by no means comes close to what they lost/gave away.