Raisel Iglesias is back on the market, and the Blue Jays chased him once before. This time, Toronto should let somebody else pay.

Last winter, the Jays reportedly offered Iglesias around $16 million, per Francys Romero. He turned down Toronto and the Dodgers to return to the Braves on a one-year deal at that price.

He earned it. He posted a 2.55 ERA with 34 saves in 59 games and made his first All-Star team.

His changeup was the weapon. Hitters batted just .200 against it, with a 40.4% whiff rate.

For comparison, Louis Varland's changeup held hitters to a .123 average. Dylan Cease's limited them to .129.

The fastball and sinker were the problem, with hitters squaring both up all season. He also turns 37 this winter.

Louis Varland's closer job leaves Raisel Iglesias as a setup man

The role is the bigger issue. Varland owns the ninth inning after a dominant 2026, so Iglesias would be a setup man with occasional save chances.

That's a tough sell to someone who has closed since 2017 in Cincinnati. Robert Suárez made a similar move into a setup role with the Braves, but not every closer wants to.

The bullpen doesn't need a rescue. Toronto ranked fourth in MLB with a 3.30 bullpen ERA, led by Varland and Tyler Rogers.

So is a one-year, $14 million offer reasonable? For a 37-year-old setup man, no.

That money belongs in the lineup. A team that finished last in runs shouldn't spend closer money on an eighth-inning arm when bats like Seiya Suzuki and Randy Arozarena are available.

Signing Iglesias to set up Varland is like hiring a head chef to make the salads. He'll do it well, but you're paying for skills you won't use.

Cheaper arms can fill the same need. Steven Okert, Brock Burke and Paul Blackburn have all been floated as lower-cost bullpen additions.

If his price drops late in the winter, Ross Atkins can revisit it. Until then, chasing Iglesias again would mean solving a problem Toronto doesn't really have.