Yankees promote pitching prospect Dellin Betances

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Dellin Betances isn’t going to see much action with the Yankees over the final couple weeks of the regular season. And when he is called on to pitch it will likely be in low-pressure relief situations. But he was officially promoted to the major leagues on Saturday and is ecstatic to be wearing pinstripes.

The 23-year-old right-hander told Chad Jennings of The Journal News this afternoon that he shared a 10-minute game of catch with his older brother in front of their New Jersey childhood home when he first got word that he was being promoted.

“Just 10 minutes,” Dellin said. “Just regular catch, and then he squatted down for a little flat ground. After that, just showered and got ready to come here. … I grew up in New York. Born in New York and raised, and being a Yankee fan to now coming here and wearing the uniform is a great, great feeling. … When they called my name I didn’t believe it, and I still can’t believe I’m here. Maybe when I go out on the field it will hit me.”

The 6-foot-8 Betances posted a 3.70 ERA and struck out 142 batters in 126 1/3 innings this season between Double-A and Triple-A. Baseball America ranked him 43rd in their Top 100 prospect rankings last winter.

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.