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If what I'm seeing on B-Ref about Bautista's contract is correct, the M's would get his 2015 season and a team (not mutual or player!) option on his 2016 season, both at $14 million. Bautista turned 34 this past October.
Buatista for 2 years would be worth a lot, because it gives your OF talent in the farm that long to develop.
We can hope for a few hours until news comes out about whatever player we are really getting...and who knows, in a few hours we might be nearly as giddy as we were after the Cano signing, or at least the Cruz signing.