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Even though the Blue Jays are currently .500, they will probably be sellers, as they are already out of the playoff picture. They are certainly not a bad team, so they won't be looking to get rid of too many players.
The guy most likely to be traded is Edwin Encarnacion. The Blue Jays just can't seem to find room for him, with the recent emergence of Eric Thames, causing Jose Bautista to move to third base.
Encarnacion would be a solid pickup for a contender. He isn't hitting for as much power as he has in the past, with only seven home runs. His average isn't horrible, at .261, and because he's so versatile, some contenders may be interested.
Another solid player the Blue Jays may be looking to get rid of is Aaron Hill. Even though he's having a surprisingly bad year, he is still a good player. The .226 average and four homers aren't appealing, but it would be a smart move for someone to pick him up and hold onto him for a few years. He has hit for both power and average in the past, and any contender needing a second baseman would be smart to go after him.
Toronto may be looking to shop some pitchers as well, such as Carlos Villanueva, Jon Rauch, Jason Frasor, or Octavio Dotel. Villanueva would be a great pickup for a contender, as he is having an amazing year.
Jon Rauch seems to be traded every year around this time, and it wouldn't be a surprise if he is again this year. Octavio Dotel also seems to be on the move every year, and this year may be no different.
Toronto doesn't have a whole lot to offer, but you can't blame them for not wanting to get rid of some of their better players, seeing as how they are .500.