Agent expects Ted Lilly to get a three-year deal this offseason

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Ted Lilly’s agent, Larry O’Brien, said yesterday that he expects the veteran left-hander to get at least a three-year deal on the open market this offseason and added that the Dodgers’ financial issues could make it difficult for them to re-sign him.
“I think the Dodgers are interested in signing Ted back,” O’Brien told Ken Rosenthal of FOXSports.com. “Ted has interest in signing back. I’m just not sure the Dodgers at this point are going to get to a range that will be very easy for us to achieve come December. I’m pretty confident that there’s a minimum three-year deal out there for Ted.”
Lilly is finishing up a four-year, $40 million contract signed with the Cubs in 2007. At the time of that deal he’d gone 49-44 with a 4.48 ERA in 684 innings over the previous four seasons. Now he’ll become a free agent again having gone 53-38 with a 3.70 ERA in 775 innings during that four-year stretch, so while Lilly is much more of an age-related risk at 35 than 31 his performance has certainly been better than it was when he inked the four-year, $40 million pact.
Even if the Dodgers don’t plan to re-sign Lilly, they can be pretty confident about offering him the arbitration needed to secure draft pick compensation if he leaves. Last offseason the Dodgers shied away from doing that in fear free agents would accept the arbitration offer and force them into one-year commitments, but clearly Lilly has no interest in a one-year deal.

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.