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. 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.