The Blue Jays have announced that they’ve exercised their option on catcher Josh Thole and declined their options on first baseman Justin Smoak and righties Brandon Morrow and Dustin McGowan. Smoak is still eligible for arbitration and will remain in the organization. Ben Nicholson-Smith of SportsNet.ca was the first to report on Smoak’s status (via Twitter), while Chris Cotillo of MLB Daily Dish was first on McGowan.

Thole will make $1.75MM next season after hitting .248/.320/.278 in 150 plate appearances last season. He’ll continue to serve as the Jays’ catcher when knuckleballer R.A. Dickey is pitching.

The Jays will pay the newly acquired Smoak a $150K buyout rather than picking up his $3.65MM option. They’ll gamble that he’ll make less in arbitration. With Adam Lind headed to Milwaukee, the lefty now has a clearer path to a role with the Jays in 2015.

Morrow will receive a $1MM buyout on his $10MM option after missing much of the season due to a finger injury. He still throws hard, however, and his intriguing track record (including an excellent 9.4 K/9 in a career mostly spent as a starter) will make him a free agent to watch. McGowan, who posted a 4.17 ERA in 82 innings split between the rotation and the bullpen last year, will receive a $500K buyout rather than a $4MM option.