DALLAS -- The Toronto Blue Jays emerged as baseball's new big spender, agreeing to a $55 million, five-year contract with pitcher A.J. Burnett on Tuesday.

One week after giving reliever B.J. Ryan a $47 million, five-year deal, the splurging Blue Jays landed the top starting pitcher on the free-agent market, one they hope will help them compete with the New York Yankees and Boston Red Sox in the AL East.

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