Pete Fairbanks

White Sox Interested In Pete Fairbanks

By Charlie Wright | December 8, 2025 at 8:29pm CDT

The list of suitors for free agent reliever Pete Fairbanks continues to grow. Scott Merkin of MLB.com reports that the White Sox are interested in the veteran right-hander. Chicago joins the Diamondbacks, Tigers, Marlins, Blue Jays, and Dodgers as teams connected to Fairbanks.

Tampa Bay declined its $11MM option on Fairbanks back in November. The 31-year-old piled up 75 saves over the past three seasons with the club. Fairbanks posted a strong 2.83 ERA over 61 appearances in 2025, setting a career high in innings by 15 frames. The price tag seemed reasonable for Fairbanks given his recent production, though it ended up being too much for the cost-conscious Rays.

Fairbanks cruised through this past season without any health issues for the first time since the shortened 2020 campaign. Over the previous four years, he had missed time with rotator cuff, shoulder, lat, forearm, and hip injuries. Fairbanks also dealt with a nerve-related issue in 2024. After his fastball sat at 99 mph in 2023, it’s been in the 97 mph range over the past two years.

Even with the frequent IL stints, Fairbanks was a valuable member of Tampa Bay’s bullpen during his tenure. He posted a 3.19 ERA over 265 1/3 innings with the club. Fairbanks was virtually unhittable for stretches, including a two-year run from 2022 to 2023 where opponents hit .155 and .163 against him, respectively. Sending Nick Solak to Texas straight up for Fairbanks before the reliever found his footing in the big leagues certainly paid off for Tampa Bay.

The White Sox bullpen had the fifth-worst SIERA and the third-worst xFIP last season. The closer role was a moving target, with nine different relievers recording a save. Jordan Leasure led the way with seven saves and would likely be Chicago’s closer if the season started today, though he would likely be supplanted by Fairbanks or any other notable free agent acquisition. No White Sox reliever has recorded double-digit saves since 2022 (Liam Hendriks with 37).

Chicago shelled out $24MM for Kendall Graveman and $17MM for Joe Kelly ahead of the 2022 season. Since then, the club has been hesitant to spend on relievers (or any other position). The most expensive bullpen addition over the past three seasons was John Brebbia on a one-year, $5.5MM deal in 2024. The White Sox’s only reliever signing last offseason was Bryse Wilson, who got a one-year, $1.05MM pact.

Photo courtesy of Rafael Suanes, Imagn Images

Diamondbacks Interested In Pete Fairbanks

By Darragh McDonald | December 4, 2025 at 10:26am CDT

Diamondbacks general manager Mike Hazen has admitted that upgrading the bullpen is a priority this offseason. One specific name on their list of targets is Pete Fairbanks, as Nick Piecoro of the Arizona Republic reports that the Snakes have engaged in discussions with the right-hander.

The relief market has been the hottest section of the offseason so far and Fairbanks has been a popular part of it. Devin Williams, Ryan Helsley, Phil Maton, Raisel Iglesias, Emilio Pagán and other relievers have already come off the board. Fairbanks is still out there but he has been connected to the Blue Jays, Dodgers, Marlins and Tigers, with the Diamondbacks now added to the list. Presumably, there are several other clubs on that list who have not been publicly named.

There are likely varying opinions on what Fairbanks can provide going forward. A few years ago, his results were elite but he was often injury prone. More recently, he has been healthier but less dominant. From 2020 to 2023, he posted a 2.66 earned run average. His 10.1% walk rate was a bit high but he struck out 34.8% of batters faced and got grounders on 46.9% of balls in play.

Over the past two seasons, he has still posted a strong 3.15 ERA and his walk rate improved to 8.2%. His 60 1/3 innings pitched in 2025 were a career high by 15 frames. However, he only punched out 24% of batters faced over the 2024 and 2025 seasons. That’s slightly above average but a big drop from his previous campaigns. He averaged 97.3 miles per hour on his fastball in each of the past two seasons. That’s still good zip but he averaged 99 mph in 2022.

Fairbanks is clearly still capable of good results but he’s about to turn 32 years old and there’s enough uncertainty to have impacted his market. The Rays could have retained him for 2026 via an $11MM club option but they instead opted for the $1MM buyout, sending him to free agency. Presumably, the Rays tried trading Fairbanks before making that call. Perhaps there were some teams willing to pay Fairbanks at that price but Tampa couldn’t find one willing to both pick up the option and also give them a meaningful trade return.

Now that Fairbanks is a free agent, he will cost only cash and has plenty of suitors. The Diamondbacks are a sensible one. Their bullpen fell apart in 2025. A.J. Puk and Justin Martínez were supposed to be the top two guys in the relief corps. Both required UCL surgery in the summer and other arms hit the injured list as well. Arizona relievers finished the year with a collective 4.82 ERA. The Nationals, Rockies and Angels were the only three big league teams who finished worse in that department.

Puk and Martínez could perhaps return in the summer of 2026 but the bullpen is clearly a weak spot for now. Fairbanks is presumably just one of many relievers the Snakes are pursuing. What’s unclear is how much spending capacity the club has.

Owner Ken Kendrick has said the payroll might drop a bit relative to 2025, but Hazen has downplayed how much that will impact his ability to build out the roster. RosterResource currently projects their 2026 payroll about $40MM shy of 2025. It’s unclear where they plan to end up, as they try to address needs in the rotation, bullpen and position player group.

Instead of free agency, they could try to deal with those needs via the trade market. Piecoro notes that the Snakes are open to trading young position players and/or prospects, including Jordan Lawlar.

Lawlar is an interesting case as he has been and still is one of the top prospects in the league. Teams normally cling tightly to those players but there are some signs suggesting the Snakes and Lawlar may be a special case. As a prospect, he has destroyed minor league pitching but hasn’t been able to carve out a big league role in Arizona. He climbed the minor league ladder as a shortstop but the Diamondbacks have Geraldo Perdomo locked in there and Ketel Marte at second. Until recently, third base was also blocked by the presence of Eugenio Suárez.

Lawlar hit so much in Triple-A to start 2025, slashing .336/.413/.579 in 37 games, that the Diamondbacks called him up anyway. But they didn’t find much playing time for him and optioned him back down a few weeks later. He then suffered a hamstring strain in June which sidelined him for weeks. Arizona traded Suárez to Seattle at the deadline but Lawlar was still recovering at that time.

He was eventually healthy enough to be recalled at the end of August, which could have finally been the big league runway he needed, but it didn’t play out as hoped. He committed several throwing errors from third base in the first half of September. In the latter half of the month, the club mostly used him as a pinch-hitter and designated hitter. It was reported about a month ago that the Diamondbacks would have him take center field reps in winter ball. Playing for Tigres del Licey in the Dominican Republic, he has logged 58 innings at short, 27 in center and nine at third while slashing .167/.217/.214 over 12 games.

Put it all together and it’s possible that the Snakes don’t have as tight a grip on Lawlar as maybe some other clubs would with a top prospect. He is still just 23 years old and could still be a star but he might make more sense for a rebuilding club who can afford to be patient with him and his defensive uncertainty. Since the Snakes have a number of needs on the roster and a bit of a payroll squeeze, perhaps they could use Lawlar in a trade to bring back some affordable big leaguers.

Being willing to make a trade doesn’t mean it’s going to happen or is even likely. With the Marte situation, Hazen has been clear that it’s his job to listen to offers but that doesn’t mean he’s likely to move his star second baseman. The situation with Lawlar is surely similar but he will be an interesting name to watch in the coming weeks and months as there are undoubtedly teams who would love to take a chance on him.

Photo courtesy of Vincent Carchietta, Imagn Images

Marlins Notes: Cabrera, Alcantara, Weathers, Outfield, Bullpen

By Steve Adams | December 2, 2025 at 9:11pm CDT

While much of the focus regarding the Marlins this offseason has been on their intent to spend more aggressively (relatively speaking) and bolster the lineup, the Fish still have a pair of prominent trade candidates in the rotation. Right-handers Edward Cabrera and Sandy Alcantara are on wishlists for pitching-hungry clubs around the league, though neither is a lock to be moved.

Kevin Barral and Isaac Azout of Fish On First reported last week that the organization “expects” Alcantara to be with the club come Opening Day. MLB.com’s Christina De Nicola offers a similar sentiment today, suggesting that Cabrera is the likelier of the two to be moved this offseason — if either is traded at all. Miami isn’t actively shopping either pitcher at the moment, she writes, though it’s all but a given that there’ll be an uptick in inquiries at next week’s Winter Meetings. De Nicola also lists lefty Ryan Weathers as a potential trade candidate while rightly noting that the Fish would be selling low on a talented southpaw after consecutive injury-plagued seasons.

Acquired in the 2023 trade sending Garrett Cooper to the Padres, Weathers has been a steal for Miami when healthy. That’s been a major caveat, unfortunately. A lat strain, flexor strain and finger strain have combined to limit the former No. 7 overall draft pick to just 24 starts dating back to Opening Day 2024. Weathers has totaled 125 innings in that time and notched a 3.74 ERA with a 22% strikeout rate and 6.8% walk rate. That league-average strikeout rate is backed by a roughly average 11.7% swinging-strike rate. Weathers has sat 96.2 mph on his heater since ’24 and kept a strong 45.6% of batted balls against him on the ground. As with Cabrera, he’s a clear injury risk but has had some recent success and comes with another three seasons of club control.

Cabrera stands as the prize of the Marlins’ potential trade candidates in the rotation, but because of his age (27), affordable salary ($3.7MM projection, via MLBTR contributor Matt Swartz), former top prospect status and 2025 results (3.53 ERA, 25.8 K%, 8.3 BB%, 46.6 GB% in 137 2/3 innings), he also surely comes with the highest asking price.

Jeff Passan and Kiley McDaniel of ESPN wrote just this morning that Miami has asked for “premium prospects” in for any club that has poked around on Cabrera, and the right-hander’s lengthy injury history has left interested parties wary of making such a commitment. The 2025 season was Cabrera’s first reaching 100 innings in the majors, and he’s spent time on the injured list with an elbow sprain, blisters, shoulder impingement (three times) and tendinitis in his elbow — all since 2021.

Certainly, the Marlins could use their deep supply of starting pitching to bring in some bats to help the lineup, but free agency remains a viable path as well. They’ve primarily focused on first base to this point, but Barry Jackson of the Miami Herald reports that president of baseball ops Peter Bendix and his staff have begun to broaden their search. Miami is also looking into potential outfield and third base acquisitions, believing that the versatility of players like Connor Norby and Griffin Conine could allow them to target bats at other positions.

It’s already known that the Marlins have been considering Norby at first base. Jackson adds that the Fish are planning to get Conine some work at first next spring and also believe that outfielder Heriberto Hernandez could be an option there.

The bullpen has been another point of focus for Bendix & Co., with reports tying Miami to prominent names like Devin Williams (who has since signed with the Mets), Raisel Iglesias (who re-signed in Atlanta) and Pete Fairbanks (who Bendix knows well from his days as Rays general manager). Jackson adds veteran relievers Kyle Finnegan, Tyler Rogers and twin brother Taylor Rogers as three more bullpen arms who intrigue the Marlins.

Finnegan, 34, has closed games for the division-rival Nationals for years but elevated his production to new heights following a summer trade to the Tigers. Detroit pushed Finnegan to use his splitter more and tweaked his release point, and the right-hander was flat-out dominant in the Motor City, emerging as one of manager A.J. Hinch’s go-to relievers. He tossed 18 innings of 1.50 ERA ball following the trade and saw his strikeout rate jump from 19.6% in D.C. to an eye-popping 34.8% in Detroit.

The Rogers brothers have lengthy track records themselves. Taylor, a lefty, was a high-end setup man and All-Star closer with the Twins during his peak years from 2017-22. He’s settled into more of a middle relief role since signing with the Giants — where he teamed with his brother — and subsequently being traded to the Reds and Cubs.

While Taylor was the prominent name early in the brothers’ careers, it’s Tyler who is now the higher-profile reliever. He’s pitched 378 1/3 innings of 2.71 ERA ball dating back to 2021, including a pristine 1.98 earned run average in 77 1/3 frames between the Giants and Mets in 2025. Tyler doesn’t miss many bats, as one would expect from a soft-tossing right-handed submariner whose sinker averages 83.5 mph, but he has impeccable command (2.2% walk rate since 2024) and is all but impossible to square up due to the deception in his delivery. Tyler has the slowest “fastball” and lowest whiff percentage in the majors but also sits in the 95th percentile (or better) of big league pitchers in terms of opponents’ exit velocity, barrel rate and hard-hit rate.

At the moment, Miami has a projected 2026 payroll of just $59MM, per RosterResource. They’re sitting just under $70MM in luxury tax obligations. The general thinking has been that, like the A’s last offseason, the Marlins will want to push that CBT number closer to $105MM in order to avoid any type of MLBPA grievance that might jeopardize their revenue-sharing status. That could be achieved by bringing in free agents, trading for veterans on guaranteed salaries, or extending players already on the roster. The Marlins have reportedly spoken to both Kyle Stowers and Eury Perez about long-term deals; talks with either player could pick back up later in the offseason.

Tigers Among Teams Interested In Pete Fairbanks

By Steve Adams | December 2, 2025 at 1:14pm CDT

The relief market has been the most active element of free agency so far, with Devin Williams, Ryan Helsley, Raisel Iglesias and Phil Maton among the most prominent names off the board thus far. Former Rays closer Pete Fairbanks has seen his name pop up frequently early on as well, drawing connections to the Marlins, Blue Jays and Dodgers. MLB Network’s Jon Morosi adds the Tigers to the list of clubs with interest in Fairbanks.

Tampa Bay’s decision to decline an $11MM option on Fairbanks was a moderate surprise. He’d just wrapped up his healthiest season and has been a quality ’pen arm for Rays skipper Kevin Cash dating back to 2020. Since that shortened season, the 31-year-old Fairbanks (32 in two weeks) sports a collective 2.87 ERA, 88 saves, 30 holds, 30.2% strikeout rate and 9.2% walk rate. That includes a 2.83 ERA and career-high 27 saves this past season (in a career-high 60 1/3 innings).

That said, Fairbanks comes with his share of red flags. Beyond turning 32 this month, he’s seen his velocity, strikeout rate and swinging-strike rate all dip in recent seasons. He’s averaged 97.3 mph on his heater in each of the past two seasons, which is still well above average but noticeably down from the pitch’s peak average of 99 mph. Fairbanks set down nearly 35% of his opponents on strikes from 2020-23 but is at 24% over the past two years. He sat 15.1% with his swinging-strike rate from 2020-22 but is down to 11.3% in 2024-25 — roughly in line with the league average.

None of these trendlines suggest that Fairbanks is suddenly a bad reliever, but he’s not quite as dominant as he once was. He’s also missed considerable time with injury over the years. Since 2021, Fairbanks has been placed on the injured list six different times. That’s been due to a pair of lat strains, shoulder inflammation, forearm inflammation, a nerve issue and hip inflammation. This past season’s 60 1/3 innings weren’t just a career-high — they marked the first time Fairbanks has completed even 46 innings in a major league season.

For a budget-crunched club like the Rays, the $11MM price point was understandably steep. Still, many expected the team to trade Fairbanks before the option decision was due. The Rays clearly weren’t able to find a club willing to give up minor league talent and commit to an $11MM payday for Fairbanks on day one of the offseason. Tampa Bay could’ve picked up the option and tried to trade him down the line, but their early shopping of the right-hander already spelled out that they weren’t keen on paying him $11MM. Trying to trade him after picking up the option ran the risk of needing to pay down even more than the $1MM buyout Fairbanks received in order to acquire a middling return — not exactly appealing for the Rays.

Just because Fairbanks wasn’t traded doesn’t mean his eventual price point will come in under $11MM. A two-year contract remains plenty plausible, particularly if it’s at a slightly lower annual rate. Even on a two-year pact, it’s possible some clubs might now value him differently after seeing other targets come off the board and/or after freeing up payroll space with some of their own early dealings.

The Tigers are an obvious fit for Fairbanks — or for any late-inning reliever in general. Detroit saw Kyle Finnegan, Rafael Montero, Paul Sewald and Tommy Kahnle all reach free agency at season’s end. Will Vest, Tyler Holton, Brenan Hanifee and Brant Hurter all posted quality ERA marks, but Vest is the only one of that quartet who did so with a plus strikeout rate and while pitching consistently in high-leverage settings.

Detroit general manager Jeff Greenberg has already said the team will “certainly” be in the market for a bullpen arm or two. President of baseball operations Scott Harris has also publicly called out the relief corps as an area of focus. The Tigers are hoping to re-sign Finnegan, who dominated for them after coming over from the Nats at the July trade deadline, and they were reported to have interest in Williams before he agreed to a three-year, $51MM deal with the Mets last night. The Tigers are surely casting a wide net in their search for ’pen help, but there’s been enough early interest in Fairbanks that some have speculated he could sign in the relatively near future.

Marlins Interested In Pete Fairbanks

By Nick Deeds | November 28, 2025 at 7:48pm CDT

The Marlins are interested in right-hander Pete Fairbanks, according to a report from Kevin Barral and Isaac Azout of Fish on First. Barral and Azout add that the Marlins continue to show interest in Devin Williams, who Barral previously linked to Miami last month.

Fairbanks, 32 next month, is a player president of baseball operations Peter Bendix is very familiar with from his years in the Rays’ front office. A ninth-round pick by the Rangers back in 2015, he made his big league debut with Texas back in 2019 but was traded to the Rays in exchange for prospect Nick Solak after just eight appearances. Then 25, Fairbanks finished an uneven rookie year with a 6.86 ERA and 5.07 FIP across 21 innings of work but emerged in the shortened 2020 as one of the league’s most exciting up-and-coming relievers, as he turned in a 2.70 ERA while striking out 33.3% of his opponents in across 27 appearances.

That strong 2020 campaign kicked off a stretch where Fairbanks became one of the Rays’ most reliable relief arms. From 2021 to ’22, he pitched to a 2.70 ERA with a 35.2% strikeout rate and picked up 13 saves along the way before being installed more firmly as the Rays’ closer for the 2023 campaign. In his three years as Tampa’s full-time closer, Fairbanks has turned in brilliant results with a 2.98 ERA and 3.31 FIP in 151 innings of work while collecting 75 saves. With that said, his peripheral numbers have begun to flag somewhat.

Over the past three years, Fairbanks has taken a step back from striking out a third of his opponents and instead punched out 27.9% against a 9.0% walk rate. That’s fallen even further when looking at the last two years, when his strikeout rate has fallen to 24.0% as his average fastball velocity has dipped from its 99 mph peak to just 97.3 this year. That’s still premium velocity, of course, but the dip in velocity and declining strikeout rate headed into Fairbanks’s age-32 season leave some questions in his profile that weren’t present even two years ago. All those red flags led the Rays to decline their $11MM team option on Fairbanks’s services for the 2026 season, though it’s fair to expect that a team with a larger budget might have happily picked up that option given the relatively low price tag on a one-year commitment.

Since he became a free agent, Fairbanks has gotten attention from teams like the Dodgers and Blue Jays as they seek to fortify their bullpens. That’s surely not anything close to a comprehensive list of the teams interested in his services, as teams like the Cubs, Mets, Mariners, and Yankees all figure to be heavily involved in the bullpen market as well. That’s a lot of big market teams for the Marlins to be doing battle with, but the good news for the club is that some top-flight relief arms like Edwin Diaz, Robert Suarez, and Ryan Helsley seem likely to draw the attention of some of those big market teams.

That could leave someone like Fairbanks, who doesn’t figure to get a deal close to that of someone like Diaz, for the Marlins to scoop up. He’d be very likely to come much more cheaply than Williams, who has already been explicitly connected to eight different teams and remains likely to command a hefty deal due to that interest even after a down season in New York. While the Marlins are known to be involved in that market too, MLBTR predicted Williams to land a four-year, $68MM contract this winter. It would be a shock to see Fish spend at that level on a reliever, and the two-year, $18MM deal predicted for Fairbanks is surely much more appealing even as the team is apparently looking to spend.

Latest On Blue Jays’ Pursuits

By Darragh McDonald | November 12, 2025 at 11:21am CDT

The Jays came so close to winning it all in 2025 and all signs point to them being aggressive in reloading for 2026. From the General Managers Meetings in Las Vegas, Ben Nicholson-Smith and Shi Davidi of Sportsnet as well as Mitch Bannon of The Athletic report that all signs point to the Jays being strongly involved in various markets, including starting pitchers, relievers and position players.

That’s not surprising framing. The Jays have been one of the more active clubs in recent winters, which has included pursuits of big names like Shohei Ohtani, Juan Soto and others. Though they missed on those guys, they have signed seven different free agents to deals of at least three years in length over the past five years. Those were George Springer, Anthony Santander, Kevin Gausman, Yariel Rodríguez, Jeff Hoffman, Yusei Kikuchi and Chris Bassitt. They are fresh off a deep playoff run that presumably swelled the coffers a bit and could reinvest some of that into the roster.

Adding to the bullpen would be a logical move, as Toronto’s relief corps was middling this year. The club’s relievers had a collective 3.98 earned run average, which placed them 16th out of the 30 major league teams. They added Seranthony Domínguez and Louis Varland at the deadline but Domínguez is now a free agent. The closer, Hoffman, posted a 4.37 ERA and could be open to moving to a setup role.

Ken Rosenthal of The Athletic writes that the Jays and Dodgers are two clubs expected to pursue Pete Fairbanks, who just became a free agent when the Rays declined his player option. Though the Dodgers just won the title, they did so despite their bullpen falling apart throughout the year. Manager Dave Roberts leaned heavily on his starters through the playoffs, which included using all of Ohtani, Blake Snell, Tyler Glasnow and Yoshinobu Yamamoto in Game Seven of the World Series.

Fairbanks would make sense on a lot of clubs but the Dodgers and Jays are certainly two of them. He spent the last three years as the closer in Tampa, saving at least 23 games in each of those seasons. He also finished each season with an ERA below 3.58, including a 2.83 mark in 2025.

However, there are some yellow flags with Fairbanks. Injuries have been a big part of his career. 2025 was the first time he ever reached the 50-inning plateau in a season. Though he has continued to have good results in the ERA department, other numbers are less encouraging. Over 2022 and 2023, he struck out 39.1% of batters faced, but he was down to 24% over the two most recent seasons. His velocity also dropped two ticks, as he was around 99 miles per hour with his fastball in 2022-23 but has been closer to 97 mph since then.

Teams should still be interested in Fairbanks but the declines have presumably impacted his market. The Rays had an $11MM club option with a $1MM buyout, a net $10MM decision. They presumably tried to trade Fairbanks before declining that and didn’t find too much interest. Teams are usually wary of committing money so early in the offseason but someone would have jumped if they felt that was a bargain.

He could get a one-year deal somewhere in the vicinity of that option price but a multi-year pact at a similar annual value is also possible. The Dodgers and Jays, as well as almost any other club, could easily afford that.

But Fairbanks is just one of dozens of options on the relief market. Bannon mentions Phil Maton and Tyler Kinley as possible fits, seemingly in speculative fashion. Maton has been putting up good numbers for years but the market hasn’t paid him, presumably because he barely gets his velo over 90 mph. His past two trips to free agency have led to modest one-year deals. He got $6.5MM from the Rays going into 2024 and $2MM from the Cardinals last winter.

Dating back to the start of 2022, Maton has thrown 257 innings with a 3.33 ERA, 27% strikeout rate, 9% walk rate and 43% ground ball rate. He was even better in 2025, with a 2.79 ERA, 32.7% strikeout rate, 9.3% walk rate and 44.4% grounder rate. He’s generally one of the best pitchers in the league in terms of minimizing hard contract, which was still the case this year. His average exit velocity, barrel rate and hard hit rate were all in at least the 98th percentile of pitchers, according to Statcast. That strong season should earn him a raise but the market has already shrugged him off twice, so he shouldn’t break the bank.

Kinley has spent most of his career pitching for the Rockies, so he has some big ERAs on his track record. However, he finished 2025 strong. Atlanta acquired him at the deadline and then Kinley posted a 0.72 ERA over 25 innings once he was away from Coors Field. There was some good luck in there but his 23.4% strikeout rate and 6.4% walk rate were decent figures. Despite that finish, Atlanta turned down a $5.5MM club option, going for a $750K buyout instead. If that’s any indication of how the market perceives him, he should be very affordable for the Jays or any club.

Turning to the rotation, general manager Ross Atkins has already indicated that starting pitching will be a target. There are many ways to do that and Bannon reports that the Jays are going after the guys at the top of the market.

As Bannon mentions, the top free agent starters available are guys like Dylan Cease, Framber Valdez, Ranger Suárez and Tatsuya Imai. MLBTR predicted those four to each get deals of at least five years with a guarantee of at least $115MM. The Jays have gone to that range with a pitcher before, as their aforementioned Gausman deal was for $110MM over five years. Depending on how the markets for these pitchers play out, landing one might require stretching a bit farther. MLBTR predicted Cease to get $189MM over seven years, while Valdez and Imai each got $150MM predictions, Valdez over five and Imai over six.

The Jays got a gift when Shane Bieber decided not to opt out of his deal. He took a $16MM salary for 2026 instead of a $4MM buyout, effectively taking $12MM while spurning the chance to head to free agency in search of more. That leaves the Jays with a rotation core of Gausman, Bieber and Trey Yesavage. They should have José Berríos at the back somewhere, as he is expected to be healthy by next year.

Guys like Eric Lauer, Bowden Francis, Ricky Tiedemann, Adam Macko, Lázaro Estrada and others could compete for a final spot, but the club would be in a better position if they brought in someone else. Lauer could be bumped to #6 and a long relief role if everyone is healthy, while the others could pitch in Triple-A. It would also make sense to sign someone beyond 2026, as Gausman and Bieber are slated for free agency a year from now, while Berríos will have an opt-out chance at that point as well.

A big strike on the position player side is also an option. Bringing back Bo Bichette is already known to be on the table. Jon Morosi of MLB Network reported this week that Bichette is getting a lot of interest as a shortstop but also from clubs who need help at second and third base. Bichette’s shortstop defense has never been strong and he has dealt with numerous lower-body injuries in recent years. He finished 2025 playing second base for the Jays in the World Series, after missing several weeks due to a knee injury.

It’s unknown if Bichette will have strong preferences about his defensive home or if he just wants to secure the biggest payday. For the Jays, they probably prefer to keep Andrés Giménez at short since he’s a slick defender, but it’s unknown if they would be willing to put Bichette back at that spot in order to lure him back to Toronto.

There’s also a bit of smoke about a run at Kyle Tucker. Bob Nightengale of USA Today mentioned the possibility a few times in a column earlier this week. Both Bannon and Nicholson-Smith/Davidi column address the Tucker rumors but both suggest pitching is likely to be a bigger priority.

The Jays certainly could go after Tucker, even though he is likely to be quite expensive. MLBTR predicted he could land a $400MM guarantee over 11 years. As mentioned up top, the Jays have made strong runs at players above that stratosphere before and they gave Vladimir Guerrero Jr. a $500MM extension.

The current outfield mix includes Springer, Santander, Daulton Varsho, Nathan Lukes, Myles Straw, Joey Loperfido, Addison Barger and Davis Schneider. They don’t need Tucker in there but he would make the group stronger. Loperfido still has options while Barger and Schneider can play the infield. Springer, Varsho and Straw are all slated for free agency after 2026. Straw’s deal has club options for 2027 and 2028 but they might be a bit pricey for a bench outfielder like him. By 2027, it’s possible those three are gone with Santander moving into the designated hitter spot. It’s possible that guys like Yohendrick Pinango or RJ Schreck could come up and fill the void by then but Tucker would give the Jays more long-term certainty on the grass/turf.

At this stage of the offseason, there are still many paths available to the Jays. The report from Nicholson-Smith and Davidi characterizes them as involved everywhere but not desperate, so perhaps it’s not wise to expect their aggression to lead to a quick deal. They may slow-play things and look for opportunities to open up to them, depending on how the various markets develop.

An unknown factor is how much they will have to spend. RosterResource projects them for a $235MM payroll in 2026, which gives them more than $20MM of wiggle room relative to the $258MM payroll they had at the end of 2025. President Mark Shapiro has said that he doesn’t expect the payroll to go down next year. Around $20MM would not be enough to do everything mentioned here, but it’s possible the deep playoff run in 2025 will prompt the Jays to nudge the payroll up a bit.

Photo courtesy of Nathan Ray Seebeck, Imagn Images

MLBTR Podcast: Surprising Option Decisions, Qualifying Offers, And Paul DePodesta

By Darragh McDonald | November 12, 2025 at 9:27am CDT

The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Steve Adams of MLB Trade Rumors to discuss…

The gambling scandal involving Emmanuel Clase and Luis Ortiz of the Guardians (3:15)
Shane Bieber deciding to stay with the Blue Jays (8:35)
Jack Flaherty deciding to stay with the Tigers (18:45)
The Rays declining their club option on Pete Fairbanks (26:00)
Trevor Story deciding to stay with the Red Sox (35:35)
The Tigers issuing a qualifying offer to Gleyber Torres (43:20)
The Cubs issuing a qualifying offer to Shota Imanaga (46:25)
The Red Sox not issuing a qualifying offer to Lucas Giolito (53:10)
The Yankees not issuing a qualifying offer to Devin Williams (55:20)
The Rockies hiring Paul DePodesta as president of baseball operations (1:00:00)

Check out our past episodes!

Offseason Preview Megapod: Top Trade Candidates – listen here
Bo Bichette’s Health, Kazuma Okamoto, And Dylan Cease’s Market – listen here
The Phillies’ Outfield, Tarik Skubal, And Hiring College Coaches – listen here

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff. Check out their Facebook page here!

Photo courtesy of Kiyoshi Mio, Imagn Images

Rays Decline Option On Pete Fairbanks

By Anthony Franco | November 6, 2025 at 11:45pm CDT

The Rays have declined their $11MM option on reliever Pete Fairbanks, reports ESPN’s Jeff Passan. He’s now a free agent.

Fairbanks has spent almost all of his big league career in Tampa Bay. The Rays acquired him from the Rangers in a swap for outfield prospect Nick Solak in 2019. It worked out beautifully for the Rays, as Fairbanks has been one of the better late-game arms in the sport over the past six seasons. He carries a 2.87 earned run average in nearly 250 innings going back to the start of the 2020 season.

Earlier in his career, Fairbanks posted massive strikeout rates to match the excellent run prevention. He punched out nearly 35% of batters faced from 2020-23, fanning no fewer than 29% of opponents in each season. That has dropped significantly over the last two seasons. Fairbanks has posted a strikeout rate around 24% in consecutive years. He got swinging strikes on 12.6% of his offerings this past season. Both marks are still good but only a little higher than the league average 22.8% strikeout rate and 11.5% swinging strike percentage for relievers.

Fairbanks remains a very good closer despite the drop in whiffs. He’s coming off a 2.83 ERA across 60 1/3 innings. He went 27-32 in save chances and has picked up at least 23 saves in each of the past three years. Fairbanks’ velocity has backed up slightly from his 2022-23 peak when he was averaging north of 99 MPH on his heater. Even with that “regression,” he throws harder than 97 on average with a plus mid-80s slider. Fairbanks has missed time in his career with lat and forearm issues but didn’t spend any time on the injured list this year.

The dip in strikeouts evidently deterred teams enough that they didn’t want to invest in Fairbanks this early in the offseason. His $11MM option always seemed likely to be too rich for the Rays’ taste. Still, it registers as a surprise that the Rays were apparently unable to find a trade partner. Fairbanks was never going to net a huge return as a pricey rental reliever, but it seems no one was even willing to part with a mid-tier prospect to exercise the option themselves.

That instead sends him to free agency in advance of his age-32 season. It’s rare but not entirely unheard of for a player to sign for more money as a free agent than he would’ve made had he been tendered an arbitration contract. Fairbanks could find a two-year deal that pays less than $11MM annually but comes with a higher overall guarantee.

A one-year deal in the $11MM range is also possible. Fairbanks is better than José Leclerc, who commanded $10MM from the A’s last winter. The Orioles have made consecutive $9MM commitments to Andrew Kittredge. There may be teams that value Fairbanks as a $10-12MM arm but didn’t want to tie that money up within the first five days of the offseason. He joins Ryan Helsley, Devin Williams, Kyle Finnegan and Luke Weaver among the middle tiers of free agent closers.

AL East Notes: Story, Flaherty, Lowe, Fairbanks

By Mark Polishuk | October 29, 2025 at 12:50pm CDT

MassLive.com’s Chris Cotillo and Sean McAdam touched on an assortment of Red Sox topics in the latest edition of their Fenway Rundown podcast, including a brief mention of Trevor Story’s status as the shortstop considers an opt-out clause in his contract. Cotillo believes “the Red Sox are pretty cautiously very optimistic that” Story will be staying with the team, and while’s plenty of grey area within that statement, it does offer some indication that Story is leaning towards declining his opt-out.

Story is owed $25MM in each of the next two seasons, plus there’s a $5MM buyout on his $25MM club option for the 2028 campaign. The Red Sox can override Story’s opt-out by guaranteeing that 2028 club option right now, but that doesn’t appear to be on the team’s radar, so the ball looks to be entirely in Story’s court. While Story’s .263/.308/.433 slash line and 25 homers over 654 plate appearances only translates to a 101 wRC+, his numbers were weighed down by a cold start to the season, as Story posted an .825 OPS over his final 429 PA.

Between this strong finish and a thin free agent shortstop market, there’s a case for Story to leave his $55MM guaranteed on the table and look for a bigger contract this winter. On the flip side, Story turns 33 next month, his defensive metrics were subpar, and the injury problems that plagued him in 2022-24 will be on the minds of front offices even though Story stayed pretty healthy in 2025. If Story wants to avoid the risks of another prolonged stint in free agency, staying in Boston with a contending Red Sox team certainly seems like a viable choice.

9 Contract Options To Keep An Eye On In September

By Steve Adams | September 5, 2025 at 6:34pm CDT

The final push of the 2025 season is upon is, which means postseason chases for fans lucky enough to root for contending clubs and offseason dreams for those whose clubs are already out of the running. It also means that players with vesting clauses in their contract and/or performance incentives are beginning to unlock bonuses related to plate appearances, innings pitched, games finished, etc.

In particular, there are a handful of club options that are worth keeping an eye on either for incentive purposes or for season-long rehabbers who’ll have a limited September window to audition for next year’s club. MLBTR’s Anthony Franco already highlighted the three vesting options of note last month, but we’ll still take a look at how those players are tracking and also shine a light on six more club/mutual options that’ll have some present financial ramifications as well as potential 2026 roster implications.

Here are nine options to keep in the back of your mind as the season’s final weeks play out…

Pete Fairbanks, RHP, Rays

Fairbanks’ three-year, $12MM extension with Tampa Bay contained a $7MM club option for the 2026 season, but he’s boosted that option’s value considerably. Fairbanks already triggered $1.5MM in escalators based on his total appearances in the first three seasons of the deal, and he’s maxed out a set of escalators based on his number of games finished in 2025, tacking another $2MM onto the option price. His option at this moment is valued at $10.5MM, but if he appears in even two more games this year, he’ll boost his 2023-25 appearance count to 150, triggering another $1MM escalator. If he appears in seven of Tampa Bay’s final 22 games, he’ll bump his 2025 appearance total to 60 and hit another $1MM escalator.

Despite all those escalators, MLBTR has learned that the option maxes out at $11MM. That salary for a reliever is steep for the Rays, but Fairbanks has pitched a career-high 52 1/3 innings and logged a 3.10 ERA, 25.2% strikeout rate and 7% walk rate en route to 24 saves. Even if the Rays were hesitant to commit $11MM to a frequently injured reliever who’ll turn 32 in December, a team with lesser budgetary concerns would be willing to do. The option will very likely be picked up either way, but the steeper the cost, the likelier an offseason trade becomes.

Andrés Muñoz, RHP, Mariners

Muñoz’s four-year, $7.5MM contract has become one of the game’s great bargains. At the time of the agreement, he’d made just one appearance for the M’s and had only 23 2/3 major league innings under his belt due to Tommy John surgery. The four-year term bought out his final pre-arbitration year and all three arbitration seasons, while also giving Seattle options on his first three free agent years. It’s easy to say now that Muñoz would’ve earned more through arbitration, but it’s hard to blame a 22-year-old who’d scarcely pitched in the majors for locking in that life-changing payday, and there was some modest risk for the Mariners in the deal as well.

The first of those three option years has a $6MM base value, but Muñoz has already boosted that by $500K. He unlocked $250K option escalators when he reached 20 and 30 games finished on the season. He’s finished 39 games now, and he’ll hit additional $250K escalators when he finishes his 40th and 45th games of the season. The first of those is a lock, and the second is certainly within reach.

Muñoz’s contract also has an $8MM club option for 2027 and a $10MM club option for 2028. He can boost both those figures by $1MM with the same set of escalators based on his games finished in the next two seasons, and beginning next year, he can also earn an additional $2MM per season based on games finished.

John Means, LHP, Guardians

Coming off his second career Tommy John surgery, Means signed a one-year, $1MM deal with the Guardians. Cleveland knew full well he’d miss most of the season recovering from last summer’s UCL operation. Means has a $6MM club option, with no buyout. He can’t boost that sum any further, but he’s on the cusp of returning to the majors and making what’ll amount to a two- or three-start audition.

Means, 32, has made four minor league rehab starts and has pitched well. He’s tossed 13 1/3 innings and yielded four earned runs (2.70 ERA) on eight hits and five walks with 13 punchouts. He’d been slated to make his final rehab start today before being scratched with an illness, but a return to the majors could happen as soon as next weekend.

When healthy, Means has been a high-quality starter. He’s posted a 3.68 ERA in 401 big league innings, all coming with the Orioles. He’s a former Opening Day starter and All-Star for Baltimore who has twice topped 140 innings in a season. A pair of UCL surgeries has limited him to just 52 1/3 innings since Opening Day 2022, however.

The Athletic’s Zack Meisel suggests that as long as Means is healthy, the option will be picked up. The Guards have committed a full year to rehabilitating the talented lefty. And, as explored at MLBTR last night, Cleveland has an uncharacteristic need for some pitching upgrades. A $6MM gamble on Means isn’t exactly a pricey roll of the dice, but the Guardians are one of the sport’s lowest-payroll clubs. If Means returns next week and gets rocked in his only two or three big league starts this year, it doesn’t feel like a given that they’ll dedicate that $6MM sum to him. If he looks even close to his old form, it seems like a reasonable risk to take. His handful of starts will be worth watching with a careful eye for Cleveland fans.

Jose Urquidy, RHP, Tigers

Urquidy is in a very similar situation to that of Means. He’s rehabbing from a second career Tommy John surgery and signed a one-year, $1MM deal with a $4MM club option for the 2026 season. Like Means, he’s on a minor league rehab assignment right now and could be activated in the near future. The former Astros righty tossed three scoreless innings for Triple-A Toledo three days ago and has now pitched 14 2/3 minor league innings with a 4.30 ERA and a 12-to-3 K/BB ratio.

Urquidy and Means have nearly identical career innings totals, though Urquidy’s 405 frames have come in a more condensed five seasons. From 2019-22, the right-hander posted a 3.74 ERA with a 20.3% strikeout rate and 5.2% walk rate in 342 innings for Houston. He was hit hard in a 2023 season that was shortened by shoulder troubles (5.29 ERA in 63 frames) and didn’t pitch in 2024 due to the elbow/forearm discomfort that eventually prompted his Tommy John surgery in early June last year.

If Urquidy comes back anywhere close to that 2019-22 form, a $4MM option should be a no-brainer, but a rocky performance could give the Tigers reason to pause. Urquidy’s return will also be worth monitoring since he could pitch his way into postseason roster consideration for Detroit.

Tyler Kinley, RHP, Braves

Atlanta looked past Kinley’s dismal 5.66 ERA with the Rockies and acquired him in July, clearly believing that the hard-throwing righty was only a few tweaks away from success. It’s been a masterstroke. Kinley has pitched 13 2/3 innings and allowed just one run since being traded to Atlanta in exchange for 26-year-old Double-A righty Austin Smith. The Braves have Kinley throwing even more sliders and working with a slightly lower release point, and the results have been stellar — albeit in a small sample.

The Braves were out of the postseason chase by the time the deadline rolled around, so the mere fact that they traded for a potential free agent with a 2026 club option signaled that they were open to exercising that option in spite of his struggles. Kinley’s success in Atlanta makes it quite likely he’ll return, but there’s a good chance it won’t be at the $5MM base price of his value. His contract contains option escalators based on games finished, the first of which kicks in at 20. Kinley has currently finished 18 games this year, including three with Atlanta. If he finishes two more, he’ll boost next year’s option to $5.5MM — and he’ll also unlock a $500K bonus for the current season.

It’s not a major change, but those incentives would bump him from a $2.08MM luxury tax hit to $2.875MM. Assuming the options on Kinley, Pierce Johnson, Chris Sale, Ozzie Albies and Ha-Seong Kim are all exercised, Atlanta will have $207.5MM committed to next year’s books when the offseason begins (before accounting for arbitration raises).

Harrison Bader, OF, Phillies

Bader has proven to be a terrific pickup for the Phils, hitting .307/.374/.477 in his first 99 plate appearances since being traded over from Minnesota. He’s up to 406 plate appearances on the season, which is just enough for his incentive structure to kick in. The $1.5MM buyout on Bader’s $10MM mutual option jumped to $1.7MM when he reached 400 plate appearances, and it’ll climb to $1.9MM at 425 plate appearances and $2.1MM if he reaches 450. It’s a minor bump, but for a Phillies club that’s a third-time luxury payor in the top tier of penalization, they’ll pay a 110% tax on the prorated portion of that extra $600K.

Given the strength of Bader’s play, they’ll happily pay that, of course, and the increased buyout does nothing to change the fact that Bader will return to free agency this winter. It’s been over a decade since the last time both sides of a mutual option were exercised in MLB (Brewers, Aramis Ramirez in 2014). Bader’s plus defense and strong season at the plate should position him for a multi-year deal in the offseason.

Jorge Polanco, INF, Mariners

Polanco is nine plate appearances shy of converting his 2026 mutual option into a $6MM player option. He’s also already tacked $2MM onto his 2025 salary via plate appearance incentives, and when he hits the 450 mark needed to trigger that player option, he’ll unlock another $500K. That’ll bump the veteran switch-hitter up to a $9.5MM salary in 2025. He’d get another $500K if he can make it to 500 plate appearances, but it’s not a guarantee he’ll get 59 plate appearances in between now and season’s end.

Though he’s slumped considerably in the middle months of the season, Polanco has heated up again in the past three weeks. He’s slashing .254/.319/.471 with 23 homers and 17 doubles in only 441 plate appearances — miles better than the down year he had with the M’s in 2024 before undergoing offseason knee surgery. He’s played well enough that he’s probably going to decline a $6MM player option anyhow, but it’ll be a nice safety net in the event of an injury (so long as it’s not a lower-half injury, as his contract contains language that’d prevent the player option from kicking in if he’s dealing with an injury related to that offseason knee procedure).

Matt Strahm, LHP, Phillies

Strahm is on the cusp of having his contract’s 2026 option vest. While that originally came at a $4.5MM base value, he’s already boosted the option value to $6.5MM via $1MM escalators at 40 and 50 innings pitched. Once he reaches 60, the option value increases to its maximum $7.5MM. The contract also stipulates that if Strahm pitches 60 innings and passes a physical at the end of the season, it’ll automatically vest.

Strahm has been excellent in 2025, logging 56 1/3 frames of 2.88 ERA ball with a 27.9% strikeout rate and 7.7% walk rate. He’s saved six games and tallied 17 holds. The Phillies would’ve picked up the option anyhow, but this removes any doubt.

Lucas Giolito, RHP, Red Sox

Giolito’s two-year, $38.5MM contract with Boston couldn’t have started much worse. The typically durable righty went down with a UCL injury in spring training last year, ultimately requiring surgery that wiped out his entire 2024 season. His 2025 return didn’t appear to be going well early on, either. Through his first seven starts, the 31-year-old was shelled for a 6.42 ERA in just 33 2/3 innings.

Since June 10, however, Giolito has returned to form. He’s started 15 games, totaled 91 2/3 innings and logged a pristine 2.26 earned run average. His 21.1% strikeout rate and 8.6% walk rate in that time are both about half a percentage point worse than league average among starting pitchers, but it’s been a strong run overall, pushing his season ERA down to a tidy 3.38.

That turnaround would make Giolito’s $14MM club option likely to be picked up — but it’s not likely to remain a club option. The right-hander’s contract stipulates that with 140 innings pitched this year, that option converts into a $19MM mutual option with a $1.5MM buyout. With 125 1/3 innings under his belt, Giolito only needs another 14 2/3 frames in the final three weeks to convert that option to mutual status. If and when he reaches that point, Giolito is a lock to decline his half of the mutual option, collect that buyout and return to free agency in search of a multi-year deal. The Sox could — and likely would — counter with a qualifying offer, but the hefty contracts for mid-rotation arms like Eduardo Rodriguez (four years, $80MM), Sean Manaea (three years, $75MM), Taijuan Walker (four years, $72MM), Jameson Taillon (four years, $68MM) and Luis Severino (three years, $67MM) in recent offseasons all suggest that Giolito can reasonably seek a pricey three- or four-year deal ahead of what’ll be his age-31 season.

Load More Posts

Show all

Headlines

Pete Fairbanks

Navigation

MLBTR INFO

Connect