The deal includes a club option for $5.5 million in 2021, the source said. He’ll be paid $4 million in 2020, and the option has a $1 million buyout, which guarantees him at least $5 million.
The 33-year-old Smoak’s offensive production declined for the third straight season with the Toronto Blue Jays in 2019. He hit just .208 with 22 home runs and 61 RBIs in 121 games. He missed 12 games in June with a left quad strain.
Smoak made $8 million last season after the Jays picked up a fifth-year option following the 2018 season.
The veteran switch-hitter had a career season for the Blue Jays in 2017, earning his only All-Star nod while setting career highs in most offensive categories, including batting average (.270), home runs (38), RBIs (90) and games played (158). However, he fell off the following season, hitting .242 with 25 homers and 77 RBIs.