The 28-year-old Overbay will receive $2.525 million with Toronto during the 2006 season. Overbay was acquired from the Milwaukee Brewers in a December deal that sent David Bush, Gabe Gross and Zach Jackson.
The first baseman batted .276 with 19 home runs, 72 RBI and also hit 34 doubles, for Milwaukee during the 2005 season. Overbay, who has played with the Arizona Diamondbacks (2001-2003) and the Brewers (2004-2005), is a career .285 hitters with 39 home runs, 188 RBI and 107 doubles.
The 29-year-old Downs agreed to $705,000 contract for the 2006 season. Downs began last season with Syracuse of the International League
(AAA), and had his contract purchased on May 12. The southpaw went on to go 4-3 with a 4.31 ERA in 26 games with Toronto.
Downs has a career record of 11-13 with a 5.01 ERA.
The Blue Jays now have three players remaining who are eligible for
salary arbitration, RHP Pete Walker, IF Shea Hillenbrand and LHP Ted Lilly.