Rays Receive:
1B/STL Albert Pujols 1M (2022) *Previously paid in full by LAD*
2023 4th Rd Pick (TOR)
Jays Receive:
Owen Miller 550K (ARB2) *350k paid this year by TB*
2023 5th Rd Pick (TB)
Jays do this as they gain a 2nd baseman they need and while they lose some power from Pujols, they gain a couple years from Miller.
Initial post accidentally forgot Pujols was previously paid by another owner, so 1 year cap assistance is needed to help the Jays a little for FA and rookie call ups.