Toronto has a team option on Davis for the 2013 season valued at $3 million, which also contains a $500,000 buyout. If the option is not picked up, the veteran outfielder would become eligible for free agency. In Davis' case, the decision must be made within three days after the completion of the World Series.
The decision to take a wait-and-see approach with Davis has less to do with his performance this year and more to do with club policy on these types of contracts.
"We, always with the option decisions, wait right up until the end," general manager Alex Anthopoulos said. "Who knows what happens and we just wait for the games to be played, because again, things change. Guys get hurt, guys don't perform, something happens. Someone might come up in trade or there might be a free-agent discussion."
Davis has spent the majority of this season as the Blue Jays' starting left fielder. He entered play on Friday hitting .245 with seven homers and 38 RBIs in 125 games. Davis ranks second in the American League in 2012 with 43 stolen bases while being thrown out 11 times.
The Blue Jays are expected to seek a potential upgrade in left field during the offseason, but that doesn't mean Davis won't be in the club's plans. He has the ability to play all three outfield positions and can be a game-changer on the basepaths.
That skill set could become extremely valuable off the bench if the Blue Jays do add another left fielder in the offseason.
"Overall, I think Rajai has been solid, he has certainly improved over last year," Anthopoulos said. "I think he's a valuable player to have. I think everyone would like to have him on your team. You're always weighing what the option price is.
"You're looking at his option salary is $3 million, with a $500,000 buyout attached to that. So it's really a $2.5 million expense one way or the other. From that standpoint, it's just something -- he has done a good job for us, but we'll have to make a decision at the end of the year. He has been solid."