What It Means:

The agreement is pending a physical. Floyd didn't pitch until September last season after re-fracturing the olecranon bone in his right elbow in March. He struggled in three minor league starts following his return, posting an 11.57 ERA before putting up a more respectable 2.70 ERA in seven relief appearances with the Indians down the stretch. Floyd will provide some rotation depth for Toronto.

Floyd hasn't pitched a full season since 2012. In that year, he posted a 4.26 xFIP in 168 frames while fanning 7.71 hitters per nine innings. From 2009-2011, Floyd racked up three straight seasons of at least 3.2 Wins Above Replacement.