Via MLB Trade Rumors you can see the situation... Jays are drafting #29 in the first round (the #3 compensation pick) and have a $5.63 mil cap to work with, the 7th smallest cap. For comparison....
Yankees: draft #16 & #30 and have a $8.21 million cap - the 6th biggest in MLB
Red Sox: draft #7, lost their competitive draft pick and 2nd round pick, cap of $6.48 mil, 2 slots above the Jays (A's inbetween)
Orioles: draft #25, 36 and have a $7.99 mil budget to work with (9th biggest)
Rays: draft #13, budget of $6.86 mil to work with (one notch ahead of the Red Sox).
So the Jays have the smallest budget and latest first pick for the AL East (kind of go hand-in-hand). Definitely a good year to blow a fortune on IFA's.
In other news, the Jays are hunting for more relievers on the cheap while the first spring training game is less than a month away (March 3rd vs the Pirates in Dunedin). 30 games in March (including one vs the Canadian Jr team) and 3 more spring games in April (2 in Montreal) before the season starts April 6th vs the Yankees. Also February 22nd is the pitchers/catchers reporting day for the Jays (a handful start on the 18th).
Also, Baseball Prospectus has their top 101 prospects. Jays are Sanchez #25, Norris #34, Pompey #42, Hoffman #73. Ex-Jays Syndergaard is #9, Barreto #74.