Right-hander Cody Ponce and the Toronto Blue Jays are finalizing a three-year, $30 million contract, pending a physical, sources told ESPN's Jeff Passan on Tuesday.

Ponce, 31, is a former 2015 second-round pick who played briefly for the Pittsburgh Pirates in 2020 and 2021 before signing overseas. He most recently won MVP of the Korea Baseball Organization after going 17-1 with a 1.89 ERA for the Hanwha Eagles. He struck out 252 in 180⅔ innings.

Ponce is the latest addition to the pitching staff of the reigning American League champions -- the Blue Jays signed right-hander Dylan Cease to a seven-year, $210 million deal last month.

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