I believe the Jays have a shot.
Wells has not come out and said that he would not sign an extension. He has not requested a trade.
The Jays have said that they will get together this offseason and discuss the matter with Vernon and his agent. Like most of you, I believe if the talks don't lead to Wells' signature on a contract extension, the Jays will shop him around. With one season still left on his current contract, they should be able to get back some good value (i.e. proven major league talent or top-notch prospects or both) should Wells decide not to stay.
The Jays will never have the kind of budget that the Yanks and Red Soxs have. So to win the AL East will remain a big challenge every year. I don't think Wells would've signed his previous 5-year contract with the Jays if he didn't like it here. Everyone knows of his friendship with Michael Young and his Texas background.
This guy is a tremendous player. He brings offence and defence. He deserves the kind of big money that Halladay, Burnett, Ryan and Glaus get.
I'd say it's 50/50 whether he stays or not.
Stang5