Toronto Blue Jays Acquire Miguel Olivo From Colorado Rockies

The Jays acquired catcher Miguel Olivo from the Colorado Rockies earlier today for the cliche "player to be named later or cash."

The 32-year-old catcher batted .269 last season with 14 homers and 58 runs batted in.

This move, however, does not spell the possible end to John Buck in Toronto. The Rockies had until I believe have midnight to accept Olivo's $2.5 million option, and if not, would have to pay him a $500,000 buyout. This move prevents the Rockies from doing either.

Olivo qualifies as a type B free agent catcher, so if he signs with another team, Toronto will again gain a compensatory draft pick sandwiched between the second and third rounds.

For John Buck fans, this move, like I said, does not spell the end of the catcher in Toronto. Also worth noting, this not spell the end of J.P. Arencibia's shots at earning a roster spot either.

This move to me reeks of Alex Anthopolous' genius. It's another crafty way to acquire another prospect without really giving up anything of note, at least right now.

As the offseason continues to slowly move along, the Jays offseason plans are beginning to take shape. Will they sign Olivo and send Buck packing along with a position change possibly for Arencibia? That remains to be seen.

My hope is that Olivo leaves, and the Jays get that compensation pick. Not to mention the Rockies taking a prospect whom we have no interest in keeping. I'm keeping my fingers crossed its Lance Broadway.

EDIT: The Jays decided to cut Olivo not too long after in hopes of receiving a compensatory draft pick. So my prediction ended up being correct. John Buck Fans Rejoice!