Halladay, the starting pitcher for the American League in Tuesday night's All-Star Game in St. Louis, has a no-trade clause in his contract, which runs through next season. He will earn $14.25 million this season and is to make $15.75 million next year.
Clubs sometimes will allow teams interested in acquiring a star player an opportunity to negotiate a contract extension with that player before a trade is completed, particularly if the player has a no-trade clause. A recent example was Johan Santana, who agreed to a six-year, $137.5 million extension with the Mets before he approved his trade from the Twins in February 2008.
But, according to the Globe's source, the Blue Jays would not permit such a window for discussion, partly because Halladay is under contract for another season and a half -- meaning that a team acquiring him would have ample opportunity to work out an extension before he could become a free agent.
The Blue Jays opened the door to the possibility of trading Halladay prior to the July 31 Trade Deadline when general manager J.P. Ricciardi said last week that he would entertain offers for the 32-year-old, who is 10-3 with a 2.85 ERA this season and is 141-69 with a 3.47 ERA in his career.
Bobbie Dittmeier is an editor/producer for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.