Pitcher's deal worth $18.75 million
The deal was first reported Saturday by the Toronto Sun. The Blue Jays had reportedly offered Escobar a two-year, $10 million contract to remain with the club.
Anaheim might not be finished adding pitching. Last week, Bartolo Colon's agent told The Los Angeles Times that Anaheim was one of five teams in the running to sign the hard-throwing right-hander.
After making $3.9 million last season, Escobar gets a $750,000 signing bonus and yearly salaries of $5.5 million, $6 million and $6.5 million.
Escobar was the 10th player to sign among the 210 who filed for free agency and only the second to receive a three-year contract. Outfielder Raul Ibanez left Kansas City last week, agreeing to a $13.25 million, three-year contract with Seattle.
Escobar was 13-9 with a 4.29 ERA and four saves in 26 starts and 15 relief appearances for Toronto last season, moving into the starting rotation May 18 after 92 consecutive relief outings. He had one shutout, a four-hitter at Cincinnati on June 8.
Escobar, 27, was the Blue Jays' closer in 2002, going 5-7 with a 4.27 ERA. He had 38 saves but tied for the AL lead with eight blown saves.
A native of Venezuela, Escobar signed with Toronto in July 1992.
Information from The Associated Press was used in this report.