No strife in Pittsburgh: John Russell, Neal Huntington got contract extensions

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On the heels of this morning’s business concerning John Russell and the Pirates comes a statement from team president Frank Coonelly that General Manager Neal Huntington and Russell each got contract extensions over the winter and thus all of this speculation about Russell being in trouble needs to stop:

As you know, we have respectfully declined to
discuss publically the contract status of our non-player personnel. 
While I continue to believe that internal understandings regarding
goals, expectations, standards, performance and progress towards meeting
those goals are far more productive than public votes of confidence or
public discussions about the years remaining on an employee’s contract,
it is clear that the desire to ascertain the number of years that remain
on our manager’s contract has become and will remain a distraction,
precisely the result we sought to avoid by declining to discuss such
matters.

As a result, while we have demonstrated in the
past that a contract will not prevent us from making a change if one is
appropriate and thus contract status truly is irrelevant, we will
confirm that during the off-season we exercised the Club’s 2011 option
on JR’s contract and added a fourth year (2011) to Neal’s contract.  We
did so because we believed that they were successfully implementing the
organization’s vision of building a baseball organization that could
compete for championships on a consistent basis.

So that’s that. I suppose I’ll know I’ve hit the big time when my reports cause team brass to issue refutations in press-release form like this.

RHP Fairbanks, Rays agree to 3-year, $12 million contract

tampa bay rays
Dave Nelson/USA TODAY Sports
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ST. PETERSBURG, Fla. — Reliever Pete Fairbanks and the Tampa Bay Rays avoided arbitration when they agreed Friday to a three-year, $12 million contract that could be worth up to $24.6 million over four seasons.

The deal includes salaries of $3,666,666 this year and $3,666,667 in each of the next two seasons. The Rays have a $7 million option for 2026 with a $1 million buyout.

His 2024 and 2025 salaries could increase by $300,000 each based on games finished in the previous season: $150,000 each for 35 and 40.

Tampa Bay’s option price could increase by up to $6 million, including $4 million for appearances: $1 million each for 60 and 70 in 2025; $500,000 for 125 from 2023-25 and $1 million each for 135, 150 and 165 from 2023-25. The option price could increase by $2 million for games finished in 2025: $500,000 each for 25, 30, 35 and 40.

Fairbanks also has a $500,000 award bonus for winning the Hoffman/Rivera reliever of the year award and $200,000 for finishing second or third.

The 29-year-old right-hander is 11-10 with a 2.98 ERA and 15 saves in 111 appearances, with all but two of the outings coming out of the bullpen since being acquired by the Rays from the Texas Rangers in July 2019.

Fairbanks was 0-0 with a 1.13 ERA in 24 appearances last year after beginning the season on the 60-day injured list with a right lat strain.

Fairbanks made his 2022 debut on July 17 and tied for the team lead with eight saves despite being sidelined more than three months. In addition, he is 0-0 with a 3.60 ERA in 12 career postseason appearances, all with Tampa Bay.

He had asked for a raise from $714,400 to $1.9 million when proposed arbitration salaries were exchanged Jan. 13, and the Rays had offered for $1.5 million.

Fairbanks’ agreement was announced two days after left-hander Jeffrey Springs agreed to a $31 million, four-year contract with Tampa Bay that could be worth $65.75 million over five seasons.

Tampa Bay remains scheduled for hearings with right-handers Jason Adam and Ryan Thompson, left-hander Colin Poche, third baseman Yandy Diaz and outfielder Harold Ramirez.