The Blue Jays have reached agreement on a deal with the Marlins that will send right-hander Josh Johnson, left-hander Mark Buehrle, shortstop Jose Reyes, outfielder Emilio Bonifacio, and catcher John Buck to Toronto for shortstop Yunel Escobar, infielder Adeiny Hechavarria, right-hander Henderson Alvarez, left-hander Justin Nicolino, outfielder Jake Marisnick, catcher Jeff Mathis, and right-hander Anthony DeSclafani. The deal, which will also call for the Marlins to send $4MM to the Blue Jays, is awaiting MLB approval.

The shocking trade effectively means that the Marlins are hitting the reset button on a team which had a payroll in the range of $100MM on Opening Day last season. The Marlins brought out the checkbook last winter to draw fans to their brand new stadium, signing Reyes to a six-year, $106MM deal and Buehrle to a four-year, $58MM deal. Neither player had a no-trade clause as per club policy. Miami now has roughly $16MM in non-arbitration commitments heading into 2013.

Meanwhile, the blockbuster deal could make the Blue Jays a serious threat in the AL East. Johnson, the first player first known to be involved in the deal, turned in a solid 2012 season after missing the bulk of 2011 with inflammation in his right shoulder. The 28-year-old wasn't as quite as sharp as he was in 2009 and '10 but still posted a 3.81 ERA with 7.8 K/9 and 3.1 BB/9.

Reyes, 29, hit .287/.347/.433 with eleven home runs in 716 plate appearances last season. The batting line wasn't quite as impressive as the .337/.384/.493 he put up in his contract year with New York, but it was promising to see the shortstop appear in 160 games after missing 191 games across the previous three seasons. Despite the club's disappointing performance last season, Reyes said over the summer that he didn't have any regrets about signing with Miami.

Buehrle's deal, like Reyes', is heavily backloaded with the hurler set to earn $11MM in 2013, $18MM in 2014, and $19MM in 2015 after making just $6MM in 2012. The contract also includes a $4MM signing bonus that's deferred without interest. While considering a number of offers, Buehrle was said to be prioritizing a no-trade clause, something he obviously didn't receive from the Marlins. The veteran had a 3.74 ERA with 5.6 K/9 and 1.8 BB/9 in 31 starts for Miami last season.

Bonifacio played just 64 games in an injury-riddled 2011 campaign. The 27-year-old can fill a number of different roles, having experience at all three outfield positions, second base, shortstop, and third base. Buck, 32, earned his first All-Star selection in 2010 as a member of the Blue Jays. His offensive production came back to earth in the two years since, posting a .213/.308/.358 batting line for the Marlins.

While the Marlins gave up a boatload of talent in the trade, they won't be coming away empty handed. Hechavarria was a highly-regarded prospect in the Blue Jays' organization and his play reportedly had Toronto brass ready to part with Escobar in the right trade. Of course, this megadeal sends both shortstops out of town.

Escobar struggled at the plate last season, hitting .253/.300/.344 with nine homers in 608 plate appearances. The infielder does come with a team-friendly contract, however, as he'll earn $5MM in 2013 with team options for the same amount in '14 and '15. For his career, the 30-year-old has a .282/.353/.390 batting line in six seasons with the Braves and Blue Jays. Mathis, 29, came to the Blue Jays last season in a trade for Brad Mills that helped ease the Angels' catching glut. The veteran will earn $3MM across the next two seasons with a club option for 2015 worth $1.5MM.

The Marlins also picked up a quartet of quality youngsters in the trade. Alvarez, 22, made 31 starts for the Blue Jays last season with a 4.85 ERA and 3.8 K/9 and 2.6 BB/9. Nicolino, taken in the second-round of the 2010 draft, has received high praise for his aggressive pitching and willingness to pound the strike zone. The Florida native cruised through Single-A ball last year, posting a 2.46 ERA with 8.6 K/9 and 1.5 BB/9.

Marisnick, 21, was rated as the No. 67 prospect in the country and the No. 3 prospect in the Blue Jays' organization after the 2011 season by Baseball America. The publication also considered the former third-round pick to have the best defensive skillset and arm of any outfielder in the Toronto farm system. DeSclafani, taken in the sixth-round of the 2011 draft, posted a 3.37 ERA with 6.7 K/9 and 1.8 BB/9 in his debut season for Single-A Lansing.

The trade was initially reported by Ken Rosenthal and Jon Paul Morosi of FOX Sports with additional details coming from ESPN.com's Buster Olney, Gregor Chisholm of MLB.com, and Juan C. Rodriguez of the Sun Sentinel.