Pirates finalize Jose Tabata’s six-year contract

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23-year-old Jose Tabata is under control through 2019 after officially signing a long-term extension with the Pirates on Sunday.  MLB.com’s Jennifer Langosch has the dollar amounts:

Signing bonus: $1 million
2011: $500,000
2012: $750,000
2013: $1 million
2014: $3 million
2015: $4 million
2016: $4.5 million
2017: $6.5 million club option
2018: $7.5 million club option
2019: $8.5 million club option

It’s technically a six-year contract, though since 2011 is included in the six years, it’s really a five-year deal.  However, the Pirates will have themselves quite a bargain for the next eight years if Tabata follows a rather typical development curve.  Tabata is guaranteed $14.75 million, which includes a $250,000 buyout if the 2017 option isn’t exercised.  That 2017 season would have been his first year of free agency.

Even if Tabata turns out to be just an average regular, he certainly would have made more than $14.75 million through the end of hs arbitration years.  And given that he just turned 23 earlier this month, he’s a ways away from what should be his prime years.

The Pirates have an ulterior motive here, too; by signing Tabata and hopefully Neil Walker as well in the near future, they’re trying to make themselves more attractive in extension talks with Andrew McCutchen.  McCutchen, who will be eligible for arbitration after the 2012 season and for free agency after 2015, will cost considerably more to lock up, but the Pirates seem to be making every effort to get it done.  While McCutchen might already be dreaming of Carl Crawford money when he does hit free agency, given how far away it is and how much could happen before then, he should consider taking the sure $50 million-$60 million, even though it will mean giving up a couple of seasons of free agency.

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.