The Toronto Blue Jays and reliever Chad Green are in agreement on an $8.5-million, two-year deal that includes a multi-layered option structure, according to two industry sources.

Under the incredibly creative contract, Green is guaranteed $2.25 million this year, after which the contract can extend in the following ways:

• First, the Blue Jays get a club option covering the 2024-26 seasons for $27 million over three years, with annual performance bonuses of up to $1 million based on games pitched

• If the Blue Jays decline that option, Green gets a player option for the 2024 season worth $6.25 million with up to $2 million in bonuses based on games pitched