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Rays Decline Fairbanks Option; Free Agent Draws Interest

11/16/2025

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Summary

Story summary

The Tampa Bay Rays declined the club option for closer Pete Fairbanks and paid a $1 million buyout for the 2026 season.
Pete Fairbanks is now a free agent with interest from the Boston Red Sox and Los Angeles Dodgers.
MLB Trade Rumors projects his next contract at two years and $18 million.
Despite a history of injuries, Fairbanks had a strong 2025 season, suggesting the Rays' decision was prudent.

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Story summary

The Tampa Bay Rays declined the club option for closer Pete Fairbanks and paid a $1 million buyout for the 2026 season.
Pete Fairbanks is now a free agent with interest from the Boston Red Sox and Los Angeles Dodgers.
MLB Trade Rumors projects his next contract at two years and $18 million.
Despite a history of injuries, Fairbanks had a strong 2025 season, suggesting the Rays' decision was prudent.