The Marlins and reliever Pete Fairbanks are in agreement on a contract, according to Will Sammon of the Athletic. It is a one-year, $13MM contract for the Republik Sports client, according to Jeff Passan of ESPN. Per Mark Feinsand of MLB.com, the deal includes a $1MM signing bonus and another $1MM in incentives based on appearances. Fairbanks will also receive a bonus of $500,000 if he is traded. The deal is pending a physical.
Fairbanks, who turned 32 last week, is coming off a 2.83 ERA in 60 1/3 innings for the Rays in 2025. Tampa held an $11MM club option on his services for 2026, but they instead paid him a $1MM buyout. He now heads to the Marlins for $2MM more than that option and figures to be the team’s closer next year.
More to come.