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Marlins Sign Reliever Pete Fairbanks to $13 Million Deal

12/25/2025

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Summary

Story summary

The Miami Marlins signed Pete Fairbanks (right-handed reliever) to a one-year, $13 million contract.
Fairbanks previously served as the primary closer for the Tampa Bay Rays, posting a 2.83 ERA and 27 saves in 2025.
The deal includes a $1 million signing bonus and performance incentives.
The Marlins aim to improve after a 79-83 season, with Ronny Henriquez sidelined due to Tommy John surgery.

History

Historical Context

The Tampa Bay Rays, established in 1998 as the Devil Rays, struggled in their early years but transformed under manager Joe Maddon, reaching the World Series in 2008. By 2020, they returned to the World Series, showcasing a strong bullpen with a team ERA of 3.56. The Miami Marlins' signing of pitcher Pete Fairbanks reflects a trend of teams investing in proven relievers to enhance competitiveness.

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Story summary

The Miami Marlins signed Pete Fairbanks (right-handed reliever) to a one-year, $13 million contract.
Fairbanks previously served as the primary closer for the Tampa Bay Rays, posting a 2.83 ERA and 27 saves in 2025.
The deal includes a $1 million signing bonus and performance incentives.
The Marlins aim to improve after a 79-83 season, with Ronny Henriquez sidelined due to Tommy John surgery.

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