Everybody forgets that Kirby Yates was supposed to be the closer, and he missed the entire season following Tommy John surgery. He'll yield a compensation draft pick next June if a different team signs him.
The compensation draft picks are for free agents who sign with a new team after their current team offers them the one year qualifying offer salary. The new team doesn't lose draft picks, as in other North American teams sports; they're 'sandwich picks', sometime after the 10th pick in round 1, (dependent on the quality of the player, and the size/ length of his new contract). There's no doubt that the Jays will make qualifying offers to Ray and Semien, regardless of whether they intend to try to resign one or the other. I don't know anything about the status of Yates' rehab.