The news comes from FOX's Ken Rosenthal, via Twitter:
Source: Guerrero will go to extended spring training with #BlueJays and proceed from there. Deal worth $1.3M, prorated for time in majors.— Ken Rosenthal (@Ken_Rosenthal) May 10, 2012
The Toronto Blue Jays' official website has also confirmed the news.
Guerrero, one of the hardest-hitting sluggers of the past 15 years, comes as a bargain to Toronto since no other team was willing to take a risk on the 37-year-old.
There's no question that Guerrero is out of game shape—which is why he'll head to extended spring training—but the end game is simple for the Jays.
He's coming to provide power and depth.
Guerrero isn't at the point where he'll be playing everyday, but he will serve as someone who can give Edwin Encarnacion, Adam Lind or Eric Thames the occasional day off.
Despite being mostly a DH for the past three years, Vlad can play left field in a bind, and you know what you're getting from him on the offensive end.
He's not going to walk much, or even look at many pitches. However, he can still hit the ball extremely hard. Last season, Guerrero hit 13 home runs and 30 doubles on his way to a .290 average and .416 slugging percentage.
He isn't the guy he used to be, but Guerrero has the potential to give Toronto a veteran, valuable role player in what is looking like a season in which the Jays will make a playoff run.