Roy Oswalt is expected to make an announcement of some kind today

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UPDATE:  Or not St. Louis.  At this point I think Oswalt is going to announce where he intends to eat lunch later today.

UPDATE: Signs may be pointing to St. Louis, as Joe Strauss of the Post-Dispatch hears.  Heyman, meanwhile, is hearing that it’s not Boston or Texas.

7:46 AMRoy Oswalt’s agent tells Gordon Edes of ESPN Boston that he’s going to make an announcement today.  No one knows what that announcement is, however.  Edes says the Red Sox still have an interest in him.  Oswalt himself apparently has interest in the Rangers and Cardinals, though it’s unclear if they have space for him.

If you made me guess, I’d say that he’s going to agree to pitch for Boston. But I’m wondering if he’s not willing to go all Andy Pettitte/Roger Clemens with this thing and announce that he’s going to wait until midseason or something and be a hired gun for a playoff contender.

If he did that, I bet the money would be more or less the same as what he’d get by settling now. Of course that would require him expanding his horizons in terms of where he’d play. Not doing that is what seems to have gotten him where he is now: past pitchers and catchers reporting dates without having a team.

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.