It would have to be an opt out after year 1 given his age, but realistically would he opt out of a guaranteed 5 more years at age 32 even if he had another 4+ WAR season? I feel like the opt out is pointless in this case, unless he has an MVP season in 2025 or something. Teams are reluctant to sign him due to age + term, not money or the QO. The former is going to be even worse when he's a year older in 2026. I mean, if it's a 6 year deal, Bregman has a 5 WAR season and then opts out, then that would be perfect for the Jays, but that also seems pretty unlikely.
If the Jays actually do have a 6 year offer for him, then they are obviously fine taking that risk. He's a well above average bat who rarely strikes out and plays great defense at a position the Jays don't have a long term solution at anywhere in the org. I could see the logic. Just have to be prepared for Springer 2.0.