Jays facing rebuilding project

Originally Published: November 30, 2004
By Michael Levesque | Baseball America
It has been more than a decade since the Blue Jays won back-to-back World Series. Since that mini-dynasty, Toronto has seen a change in ownership and management, gone from a large-revenue to a medium-revenue franchise, and completely overhauled its organizational philosophy.

After an 86-win, third-place finish in 2003, the Blue Jays took a giant step in the wrong direction in the third year of general manager J.P. Ricciardi's tenure. With their three stars – Carlos Delgado, Roy Halladay and Vernon Wells – missing significant time with injuries, they lost 94 games and finished in last place in the American League East for the first time since 1981.