First we'd have to go over our roster, right now the team looks like this....
C - Rod Barajas
1B - Lyle Overbay
2B - Aaron Hill, Joe Inglett
SS - Marco Scutaro, John McDonald
3B - Scott Rolen
LF - Adam Lind
CF - Vernon Wells
RF - Alex Rios
DH - Travis Snider
SP - Roy Halladay, Jesse Litsch, Dustin McGowan (May), Casey Janssen
RP - B.J. Ryan, Scott Downs, Jeremy Accardo, Jesse Carlson, Brian Tallet, Brandon League, Jason Frasor, Shawn Camp
The backup catcher is going to come from within so we don't need to worry there. An upgrade at first base would be a good idea so I'd make it known that I would trade Lyle Overbay and be willing to pay the majority of his salary to get rid of him.
Aaron Hill, who was brought through the system as a shortstop, would be told to prepare to move back. That would let Joe Inglett continue to start at second base and Scott Rolen at third. Joe McDonald would be my late inning defensive replacement & Marco Scutaro would be my fill in for players to have the day off.
The outfield looks great right now but we could use another bat. I would look at the possibility of seeing if Adam Lind or Travis Snider could take over at first base once Lyle Overbay is shipped out of town. That would open up an outfield or DH spot for a solid bat.
We need at least 1 Free Agent starter and could fill McGowan's spot till May from within. But two free agent starters would be optimal. B.J. Ryan would be offered to any team, and there's a lot out there who need a solid closer.
With all that being said, I'd offer a contract to Paul Byrd to be my fifth starter. Paul Byrd is a solid fifth starter and would come pretty cheap in comparison to the rest. But I'd make a splash by offering Derek Lowe an over-the-top, well overpaid contract to take Burnett's spot.
As for the bat, Manny Ramirez is the biggest name out there but he's not Blue Jay material. Instead, I'd take a swing at Raul Ibanez. A solid, career .286 hitter. A likely 20 HR, 100 RBI player, and the new left fielder for the Blue Jays.
My lineup:
1 - 2B Joe Inglett
2 - 1B/DH Adam Lind
3 - RF Alex Rios
4 - CF Vernon Wells
5 - LF Raul Ibanez
6 - DH/1B Travis Snider
7 - 3B Scott Rolen
8 - SS Aaron Hill
9 - C Rod Barajas
My rotation:
1 - Roy Halladay
2 - Derek Lowe
3 - Jesse Litsch
4 - Casey Janssen
5 - Paul Byrd