39th pick Anthony Ranaudo wants top-10 cash from Red Sox

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LSU junior Anthony Ranaudo entered this year as Baseball America‘s top-ranked college prospect, but the 6-foot-7 right-hander fell to the Red Sox with the 39th overall pick because of an elbow injury and major struggles once he returned.
Boston’s financial advantage allows them to take draft-day gambles on high-upside prospects like Ranaudo when other teams shy away based on the risk or above-slot bonus demands, and sure enough he’s asking for first-round money to sign.
In fact, LSU coach David Grewe told Amanda Comak of the Cape Cod Times that Ranaudo won’t sign unless he’s “treated and viewed as one of the top 10 picks in the draft … in terms of their financial commitment.” Grewe added that Ranaudo “wants to come back to LSU and prove that he can be that guy.”
It’s an interesting decision for Ranaudo, because the Red Sox would no doubt be willing to give him at least $1 million (and perhaps quite a bit more) to sign. For a 20-year-old pitcher coming off an injury wrecked season that sounds pretty good, but the flip side is that returning to LSU with a healthy, dominant performance next season would almost surely make him a top-five pick in line for a bonus closer to $5 million.
Do you take $1 million now and get a head start on your pro career while setting things up for a life after baseball if the elbow problems prove serious? Or do you pass up $1 million for a chance to make several times that at the risk of ending up with a blown out arm? It’s probably a moot point, because Ranaudo is represented by Scott Boras and he surely won’t be advising him to take the guaranteed cash now unless the Red Sox cave in with lots of “extra” money.

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

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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.