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Rays Decline Option On Pete Fairbanks

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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.

Rays Claim Jake Fraley; DFA Kameron Misner, Bob Seymour

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The Rays claimed outfielder Jake Fraley off waivers from the Braves, according to an announcement from Atlanta. The Braves evidently weren’t planning to tender him an arbitration contract and put him on waivers this week.

Tampa Bay also confirmed their previously reported option decisions involving Brandon Lowe, Pete Fairbanks and Taylor Walls. They added Forrest Whitley to the 40-man roster to prevent him from reaching minor league free agency while designating four players for assignment: first baseman Bob Seymour, pitchers Brian Van Belle and Nate Lavender, and outfielder Kameron Misner. Meanwhile, three players who DFA’d earlier this week — Caleb Boushley, Alex Faedo and Stuart Fairchild — cleared waivers and are electing minor league free agency.

Atlanta had claimed Fraley off waivers from the Reds in August. The lefty-hitting outfielder collected seven hits in 23 at-bats but suffered a season-ending oblique strain in the middle of September. Atlanta was well out of contention by that point, so the claim was largely about getting an early look to see if they wanted to retain Fraley in arbitration. MLBTR contributor Matt Swartz projects him for a $3.6MM salary if he’s tendered a contract for his last year of club control.

Fraley was a second-round pick by Tampa Bay back in 2016. They traded him to Seattle before he made his big league debut. Fraley has played parts of seven seasons in the majors, mostly with the Mariners and Reds, and is a career .261/.344/.432 hitter against right-handed pitching. He’s limited to the corners, where he’s a league average defender. This doesn’t guarantee he’ll stick with the Rays, who have a couple weeks to decide whether they want to tender him a contract. They could try to negotiate a deal lower than his projected salary before November 20 if they see him as a borderline non-tender candidate.

Whitley gets back onto the roster after being waived in early July. The former Houston first-round pick gave up 10 runs (eight earned) over five major league appearances with Tampa Bay. He has surrendered 22 runs in 15 1/3 career big league frames. Something appeared to click in Triple-A after the Rays demoted him, however. Whitley fired 55 1/3 innings of 2.60 ERA ball while striking out 30.4% of opponents with their top affiliate in Durham. He would’ve been a free agent if the Rays didn’t reselect his contract tonight. He’s out of options and could be on the roster bubble again next spring, but this suggests the Rays are open to the possibility of carrying him on the MLB roster.

The shuffling required a handful of cuts. Misner, 27, was a former supplemental first-round pick who has shown big physical tools with too much swing-and-miss. He has fanned in 34.1% of his career plate appearances and is a .203/.260/.325 hitter over 232 trips to the plate. Seymour, also 27, had a huge .263/.327/.553 showing with 30 homers in Durham. That got him an MLB opportunity at the end of the year, but the lefty batter struggled to a .205/.253/.282 line over his first 26 major league games.

Van Belle and Lavender were relatively new additions to the pitching staff who didn’t make much of an impact because of injury. Van Belle came over from the Reds in the Zack Littell trade. The 29-year-old made his first four MLB appearances before suffering a season-ending elbow injury.

Lavender was a Rule 5 pick out of the Mets’ system who never pitched with the Rays. He was rehabbing from an elbow procedure at the time he was taken in the Rule 5 and apparently didn’t progress as hoped. He collected a year of major league salary, though he surely wishes he’d had an opportunity to carve out a longer big league role. He’ll be placed on waivers and offered back to the Mets if he goes unclaimed.

Thairo Estrada Elects Free Agency

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The Rockies announced Thursday that infielder Thairo Estrada passed through waivers unclaimed and elected free agency. Colorado also claimed right-hander Garrett Acton off waivers from the Rays. He’d been designated for assignment by Tampa Bay earlier in the week.

Colorado turned down its end of a mutual option on Estrada earlier this week, but since he has yet to accrue six years of major league service, he remained on the roster as an arbitration-eligible player. After Estrada missed most of the 2025 season due to injury and hit just .253/.285/.370 when healthy, the Rox will move on and Estrada will head to the open market in search of new opportunities.

Estrada, 30 in February, had a solid three-year run with the Giants from 2021-23, hitting a combined .266/.320/.416 with plus defense and plus baserunning. Injuries have tanked his production since late in 2023, however. Estrada suffered a broken left hand that year, then missed time with a ligament injury in his left wrist in 2024. He broke his right wrist when he was hit by a pitch this spring and, after returning, missed additional time due to thumb and hamstring injuries. He’s been limited to 546 plate appearances across the past two seasons and turned in a woeful .228/.258/.351 batting line in that time.

Second base has been Estrada’s primary position, though he’s also seen ample time at shortstop and briefer appearances at third base and across all three outfield slots. Statcast pegs him as a plus defender at second, though Defensive Runs Saved is on the other end of the spectrum. At the very least, he’s a fleet-footed utility man with experience at six defensive spots and a lower-than-average strikeout rate at the plate.

Acton, 27, signed a two-year minor league deal with the Rays going into 2024. He had undergone Tommy John surgery prior to signing that deal and missed the entire 2024 campaign. He was added to the 40-man late in 2025 and tossed one scoreless inning in the bigs. He threw 58 2/3 innings in Triple-A with a 3.68 ERA, 30.1% strikeout rate and 11.4% walk rate.

Rays To Exercise Option On Brandon Lowe

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The Rays have informed second baseman Brandon Lowe that they’ll exercise his $11.5MM club option for the 2026 season, reports Marc Topkin of the Tampa Bay Times. It’s the final season on the extension Lowe signed back in March 2019. He’ll wind up having earned $45MM over the eight years on that deal. Lowe is slated to become a free agent next offseason.

There was never any doubt as to whether the option would be exercised. The 31-year-old Lowe has been a consistently above-average hitter throughout his big league tenure, dating all the way back to his MLB debut in 2018. That includes 2025, when Lowe slugged 31 home runs in just 134 games. The lefty-swinging slugger turned in an overall .256/.307/.477 batting line. While his 6.9% walk rate was the lowest of his career, Lowe’s 91.1 mph average exit velocity and 46.4% hard-hit rate were some of the best he’s posted in his eight major league seasons.

The only real uncertainty surrounding Lowe’s option was whether it’d be the Rays or another club picking it up. With just one more year of control on his deal and the Rays’ penchant for trading veteran players as the end of their control windows near, Lowe stands as an obvious trade candidate. Tampa Bay could’ve flipped him to another club before the option decision was due — they could still do the same with closer Pete Fairbanks and his still-pending $11MM option/$1MM buyout, it should be noted — but at least for the time being, Lowe will slot in as the projected second baseman next year.

[Related: Top 40 Trade Candidates of the 2025-26 MLB Offseason]

Over the course of his eight big league seasons, Lowe is a .247/.326/.481 hitter with 157 home runs, 126 doubles, 12 triples, 33 steals, a 9.4% walk rate and a 27.3% strikeout rate. He’s typically graded out as a solid defensive second baseman, though he was dogged by both Defensive Runs Saved (-14) and Statcast’s Outs Above Average (-13) during the 2025 season.

Lowe spent time on the injured list due to both oblique and ankle/foot injuries. It’s feasible that either or both could’ve impacted his performance on the defensive side of the coin. His defensive grades have fluctuated wildly on a year-to-year basis, which perhaps isn’t a major surprise for a player who’s previously been sidelined by back injuries, a bone bruise in his shin and, near the end of the 2023 season, a fractured right patella (kneecap).

Even if Lowe never reclaims his status as an above-average defender following that Sept. 2023 knee injury, his bat will keep him in major league lineups. A move to another position could eventually be possible, too. He’s logged more than 300 innings in the outfield corners over his career, though he’s no longer the above-average runner he was early on, ranking in the 36th percentile of position players with his 2025 sprint speed. Lowe has drawn fine grades in 155 innings at first base as well, and his 30-homer power would play well at that position if a full-time move is needed at any point.

Rays Exercise Option On Taylor Walls

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The Rays and infielder Taylor Walls are in agreement on a deal for the 2026 season, per Marc Topkin of the Tampa Bay Times. The team will be exercising the $2.45MM club option that covers Walls’ second arbitration season but is also adding a club option that proactively covers his third year in 2027. That option is valued at $3.1MM, ESPN’s Jeff Passan reports. Walls is represented by Vayner Sports.

The 29-year-old Walls led the team in shortstop appearances last season, providing quality glovework but little to no production in the batter’s box. The 2017 third-rounder was credited with a superlative 17 Defensive Runs Saved but turned in an anemic .220/.280/.319 line (66 wRC+) at the plate. He did draw walks at close to a league-average clip and has been well above average in that regard throughout his career as a whole. Walls also provided a bit of value on the bases, though his 14-for-20 showing in stolen base attempts wasn’t nearly as efficient as in the earlier years of his career; he entered the season with 52 steals in 62 tries.

Heading into 2026, Walls gives Tampa Bay some cover at shortstop in the event that top prospect Carson Williams needs more time in Triple-A. Williams made his big league debut this year but hit poorly in his first 32 games/106 MLB plate appearances, slashing only .172/.219/.354 with an alarming 41.5% strikeout rate. Williams spent the rest of the season in Triple-A and didn’t exactly light things up there either (.213/.318/.447), though he was just 21 years old for most of his time at the top minor league level.

Williams will head to spring training squarely in the mix for Tampa Bay’s Opening Day shortstop job, but if he struggles in Grapefruit League play, the Rays can send him back to Triple-A Durham for more seasoning and turn shortstop back over to Walls, knowing he’ll at least provide a quality glove and a bit of speed out of the ninth spot in the batting order while Williams rounds out his development. If Williams does nab the shortstop job from the jump next year, Walls can fill a utility role; he’s also drawn strong grades for his defense at second base and third base.

Walls’ 2026 club option contained a $50K buyout, so it was a net $2.4MM decision for the team. He’d have remained under club control even if the Rays had declined the option. MLBTR contributor Matt Swartz had projected Walls for a $2MM salary, so the Rays either projected a higher number for Walls or picked up the option at a marginally higher-than-expected rate as a trade-off to secure another club option year at a relatively low rate.

That same scenario will hold true next winter as well. The Rays could decline the option and still keep Walls for a lesser amount in arbitration, depending on how his season plays out. Today’s deal doesn’t buy out any potential free agent seasons. Walls is still under club control through 2027 and is slated to become a free agent in the 2027-28 offseason.

MLBTR Podcast: Offseason Preview Megapod: Top Trade Candidates

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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 and Anthony Franco of MLB Trade Rumors to discuss…

Check out our past episodes!

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

Photo courtesy of Jeff Curry, Imagn Images

Mariners Acquire Cole Wilcox From Rays

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The Mariners have acquired right-hander Cole Wilcox from the Rays in exchange for cash considerations, per announcements from both clubs. The righty had been designated for assignment by the Rays earlier in the week. The M’s had 40-man space thanks to players recently becoming free agents.

Wilcox, now 26, came to the Rays in the December 2020 trade which sent Blake Snell to San Diego. The righty required Tommy John surgery in September of 2021, which wiped out most of his 2022. In the following two years, the Rays kept developing him as a starter in the minors, with fairly uninspiring results. In 250 1/3 innings over those two seasons, he had a 4.28 earned run average, 19.8% strikeout rate and 8.3% walk rate.

In 2025, he was used primarily as a reliever, which seemed to help him find a new gear. He tossed 58 1/3 innings over 39 appearances on the farm with a 3.70 ERA. His 10.8% walk rate was a bit high but he struck out 25.1% of batters faced and got grounders on 50.3% of balls in play. The Rays added him to the 40-man in September and he tossed one big league inning, allowing three earned runs.

With the injured list going away this week, the Rays needed to open up some roster space and Wilcox was one of the casualties. Conversely, the Mariners had a few open roster spots and have used one to grab Wilcox. Seattle has a pretty good track record of coaxing good results from low-profile pickups like this, so it wouldn’t be a surprise to see Wilcox flourish with his new club. Even if that is setting expectations too high, he has a full slate of options and can serve as a depth arm in Triple-A.

Photo courtesy of Kim Klement Neitzel, Imagn Images

Mets Acquire Joey Gerber

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The Mets have acquired right-hander Joey Gerber in a trade with the Rays, MLB.com’s Anthony DiComo reports.  Tampa Bay will receive cash in return for Gerber, who was one of six players the Rays designated for assignment yesterday.

After making his big league debut in the form of 17 games and 15 2/3 innings of 4.02 ball with the Mariners in 2020, Gerber then missed virtually all of the next three seasons due to back surgery and a Tommy John surgery.  He resurfaced to pitch in the Yankees’ farm system in 2024, and a subsequent minor league deal with the Rays last winter paved the way for his return to the Show.  Gerber appeared in two games (4 1/3 innings) for the Rays in September, posting a 2.08 ERA.

There is still a bit of a “work in progress” aspect to Gerber’s performance in the wake of such an extended layoff, as reflected by his 6.23 ERA over 43 1/3 innings with Durham last season.  An inflated .351 BABIP and a lot of home run problems contributed to Gerber’s ERA, but he has a 26.74% strikeout rate over 57 1/3 total frames at the Triple-A level.

It was enough to pique the Mets’ interest, and president of baseball operations David Stearns has long had a reputation for seeking out undervalued relievers with intriguing stuff.  Gerber has a minor league option remaining, which gives the Mets some extra roster flexibility if he does happen to make the team.

Rays Hire Ozzie Timmons As Assistant Hitting Coach

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The Rays hired Ozzie Timmons as an assistant hitting coach on Monday, according to a club announcement. He replaces Brady North, who departed Kevin Cash’s staff at the end of the regular season.

Timmons is back on an MLB staff after spending the 2025 campaign in a special assistant role. The 55-year-old had been on Cash’s coaching staff as a first base coach/assistant hitting coach between 2018-21. The Brewers hired him as one of two co-hitting coaches over the 2021-22 offseason. Timmons spent three years in that position before parting ways with Milwaukee last winter.

A Tampa-area native, Timmons suited up for the Devil Rays in 2000 as part of a brief MLB playing career spread across four teams. He’d worked as their Triple-A hitting coach before getting his first crack on the MLB staff in 2018. He’ll work underneath lead hitting instructor Chad Mottola, who has been the club’s hitting coach for the past nine-plus seasons.

Rays Designate Six Players For Assignment

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The Rays announced a major shake up of their 40-man roster today as they get started on their offseason. Right-hander Alex Faedo and outfielder Stuart Fairchild were both activated from the 60-day injured list and designated for assignment, while right-handers Cole Wilcox, Caleb Boushley, Joey Gerber, and Garrett Acton were all designated for assignment as well. Those moves make room for recently-acquired outfielder Ryan Vilade on the 40-man roster and also clear up spaces for players to be reinstated from the 60-day injured list, which goes away five days after the World Series.

Faedo, 30 later this month, missed the entire 2025 season due to shoulder inflammation. He was acquired by the Rays last offseason in a trade with the Tigers after Detroit designated him for assignment back in January. A back-end starter and swingman for parts of three seasons with the Tigers, Faedo has 175 2/3 big league innings under his belt with a 4.51 earned run average, 20.9% strikeout rate and 9.7% walk rate. He is out of options, which makes him hard to roster. The Tigers designated him for assignment last winter. The Rays took a shot on him but got a lost season as the result.

Fairchild, 30 in March, spent the past three seasons with the Reds and entered Spring Training with the club this year. He was squeezed off the roster and ultimately wound up traded to the Braves, for whom he appeared in 28 games as a reserve outfielder. He was traded from Atlanta to Tampa shortly before the trade deadline this year, but an oblique strain prevented him from playing for the Rays. Fairchild is a strong defender and baserunner but is a career .223/.305/.384 hitter across 229 games with five different clubs since he made his big league debut with the Diamondbacks in 2021. Like Faedo, he is out of options.

Wilcox, 26, just made his major league debut this year. He originally came to the Rays in the December 2020 trade which sent Blake Snell to San Diego. Wilcox required Tommy John surgery the following September. After returning from that procedure, his results in the minors as a starter were fairly middling. He was moved to the bullpen in 2025 with decent results. He tossed 58 1/3 innings on the farm with a 3.70 ERA, 25.1% strikeout rate, 10.8% walk rate and 50.3% ground ball rate. The Rays added him to the 40-man in September and he tossed one big league inning, allowing three earned runs.

Boushley, 32, has been a long reliever for the Brewers, Twins and Rangers. The Rays claimed him off waivers from the Rangers in September but kept him in the minors. Boushley has 49 2/3 big league innings over 28 appearances with a 5.80 ERA, 21.1% strikeout rate, 8.1% walk rate and 40.6% ground ball rate.

Gerber, 29 in May, made his debut with the 2020 Mariners. Injuries wiped out much of the next few years. He signed a minor league deal with the Rays coming into 2025. He earned a 40-man spot in the summer but was mostly kept in the minors. He only pitched 4 1/3 big league innings this year, allowing one earned run. He logged 44 1/3 innings in the minors with a 6.09 ERA, 27.9% strikeout rate and 7.6% walk rate.

Acton, 27, signed a two-year minor league deal with the Rays going into 2024. He had undergone Tommy John surgery prior to signing that deal and missed the entire 2024 campaign. He was added to the 40-man late in 2025 and tossed one scoreless inning in the bigs. He threw 58 2/3 innings in Triple-A with a 3.68 ERA, 30.1% strikeout rate and 11.4% walk rate.

All six players now head into DFA limbo. The Rays will have seven days to trade them or pass them through waivers. The waiver process takes 48 hours, so any trade talks would have to come together in the next five days. If Fairchild clears, he would have the right to elect free agency since he has at least three years of service time. Boushley will have the right to elect free agency since he has previously been outrighted in his career. Faedo should be eligible for seven-year minor league free agency five days after the World Series but he could be held in DFA limbo longer than that.

Photo courtesy of Nathan Ray Seebeck, Imagn Images

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