The southpaw has a fair amount of big-league experience, but he hasn't found all that much success at the highest level. Oberholtzer has a 4.36 ERA and 1.40 WHIP in 324 career innings. He most recently spent time with the Blue Jays' Triple-A affiliate as a starter, and it seems like he'll fill a similar organizational depth role with Colorado.

The 28-year-old cleared waivers after spending one day on Toronto's 40-man roster. Oberholtzer could return to the majors if the Blue Jays are in need of a spot start, but for the time being the southpaw will remain in Triple-A.

Oberholtzer was cut loose in order to clear room on the roster for Norichika Aoki, who was acquired from the Astros on Monday. The southpaw didn't make an appearance for the big club this season, and he held just a 4.48 ERA across 94.1 innings with Triple-A Buffalo, so it's possible he'll return to the Bisons if he passes through waivers untouched.

With the departure of Francisco Liriano via trade, Oberholtzer will head to the majors to provide a fresh arm for manager John Gibbons to use. Although he was used as a starter for the Bisons, the 28-year-old southpaw likely projects as a long reliever for the Blue Jays, although a spot start down the road certainly isn't out of the question.