Granderson is probably a platoon with Pearce. Do not see another signing in the OF. I think they like Hernandez too much. SP is probably the focus, then just depth.
I do wonder whose spot he takes though: Carrera or Morales? I think one has to get dealt at this point, because both have pretty pricey deals for the minors and the Jays already have ample depth (even if they didn't, sign a guy on a MLC) at those positions.
Maybe they place a premium on pitching given there will be 2 UFA's coming up and you never know with starting pitching. Even then, Jays have Alford, Pompey, and others coming up in the near future in the OF; no need to really overspend on an OF when the money goes towards a 5SP who can step up if Estrada and Happ are not back next year.