Not accurate. FanGraphs has 7.2M earmarked for league min players. The Jays only have room on the roster for four league min players (Manoah, Kirk, Moreno and a fourth bench bat like Barger). That's like 3.2M on the high end.
I'm guessing FanGraphs is overestimating because when a guy like Springer goes down with injury and you call up Nathan Lukes or whoever, you have to pay him league min for the time he's up. But because that's not remotely predictable, there's no point calculating minutiae like that halfway through the offseason.
Whenever they trade Jansen and get rid of Thornton and Richards, they'll have the space for those added league min costs.
In other words, consider the Jays under the tax line for now.