Field Level Media
28 Jan 2023, 15:05 GMT+10
The Tampa Bay Rays announced a three-year extension with a club option on a fourth season for right-handed reliever Pete Fairbanks on Friday.
The club did not announce financial terms, but reports put the deal at $12 million, at least, including a $1 million buyout on the fourth season. The value could rise to $24.6 million if the Rays pick up the option and performance bonuses are reached.
The deal nixes Fairbanks' arbitration hearing scheduled for next week.
Fairbanks, 29, went 0-0 with a 1.13 ERA in 24 relief appearances in 2022. He missed the first 3 1/2 months of the season with a torn lat muscle sustained in spring training. He made his season debut July 17.
Fairbanks is 11-12 with a 3.46 ERA and 15 saves in 119 career appearances (two starts) for Texas and the Rays.
--Field Level Media
Get a daily dose of Dallas Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dallas Sun.
More InformationUVLADE, Texas: Texas police stopped a Florida-bound freight train this week and discovered two migrants had died in a freight ...
ROLLING FORK, Mississippi: A powerful tornado has struck Mississippi, killing at least 25 people, injuring dozens, flattening entire blocks and ...
TEGUCIGALPA, Honduras: In what could signal the end of his country's decades-long relations with Taiwan, Honduran foreign minister Eduardo Enrique ...
WASHINGTON D.C.: A new US Congressional committee focusing on China held its second hearing on the alleged abuses of the ...
SAN FRANCISCO, California: A new round of extreme winter weather that hit California, also drifted into neighboring Southwest states, with ...
WASHINGTON D.C.: After several high-profile near collision incidents, the US Federal Aviation Administration (FAA) has issued a safety alerts to ...
BEIJING, California: As the world's second-largest economy is still struggling to fully recover from the long-term effects of COVID-19, most ...
NEW YORK, New York - Bank shares were being bought up on Monday as U.S. industrial stocks kicked the week ...
WASHINGTON D.C.: To address summer airport congestion and low air traffic controller staffing levels, the Federal Aviation Administration (FAA) said ...
OTTAWA, Canada: After a meeting between Canadian Prime Minister Justin Trudeau and US President Joe Biden, Ottawa has pledged to ...
NEW YORK CITY, New York: Deposits at small U.S. banks throughout the country dropped the most since 2007 after the ...
DETROIT, Michigan: In a briefing for investors and analysts this week, Ford Motor Co. reported that while its electric vehicle ...