Joakim Soria needs season-ending Tommy John surgery

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Joakim Soria got second and third opinions after being diagnosed with a damaged ulnar collateral ligament and they all agreed, so the 27-year-old Royals closer will undergo Tommy John elbow surgery on April 3.

Typically recovery timetables are 12-18 months, so Soria will miss the entire season and could be limited in early 2013 as well.

Soria is owed $6 million this season and the Royals have an $8 million option or $750,000 buyout for 2013 and an $8.75 million option or $750,000 buyout for 2014. Much like Adam Wainwright with the Cardinals last year, the Royals may have to make a decision on Soria’s future before having a clear sense of his recovery.

Jonathan Broxton and Greg Holland are the options to replace Soria as closer, but manager Ned Yost hasn’t made a decision yet. Or at least hasn’t announced his decision publicly yet. And with one of those two moving from a setup role to ninth-inning duties the Royals have canceled plans to shift Aaron Crow from the bullpen to the rotation.

Soria had a helluva run for the Royals, going from unknown to stud closer in 2007 and saving 160 games with a 2.40 ERA and 341 strikeouts in 315 innings over five seasons. During that time the only pitcher with more saves and a lower ERA than Soria was Mariano Rivera.

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.