Red Sox and Pirates finalize Joel Hanrahan trade

30 Comments

An official announcement was delayed over Christmas, but the Red Sox and Pirates have now completed the trade sending reliever Joel Hanrahan to Boston.

Along with Hanrahan the Red Sox also receive Brock Holt, a 24-year-old shortstop with good on-base skills who debuted with the Pirates this year.

In exchange for Hanrahan and Holt the Pirates get first baseman/outfielder Jerry Sands, reliever Mark Melancon, and prospects Stolmy Pimentel and Ivan De Jesus.

Hanrahan has been one of the best relievers in baseball since 2010, posting a 2.73 ERA with 10.4 strikeouts per nine innings in 205 appearances, and he saved 76 games during the past three seasons. He’ll be a free agent next offseason.

Sands was acquired by the Red Sox from the Dodgers in the Adrian Gonzalez/Carl Crawford/Josh Beckett trade. He hasn’t hit much in the majors so far, but the 25-year-old has consistently had very strong production in the minors, including hitting .288 with 55 homers and a .914 OPS in 213 games at Triple-A.

Boston got Melancon from Houston last offseason for Jed Lowrie, but he quickly went from setup man to the minors after a brutal start. He returned in June and pitched well with a 4.19 ERA and 40/10 K/BB ratio in 43 innings, so the Pirates definitely bought low on a capable late-inning bullpen arm.

Neither Pimental nor De Jesus ranked among the Red Sox’s top 10 prospects according to Baseball America. De Jesus, who was also acquired in the Gonzalez/Crawford/Beckett swap, has spent most of the past three seasons at Triple-A and projects as a bench player in the majors at age 26. Pimentel spent this season at Double-A as a 22-year-old, throwing 116 innings with a 4.59 ERA and 86/42 K/BB ratio.

RHP Fairbanks, Rays agree to 3-year, $12 million contract

tampa bay rays
Dave Nelson/USA TODAY Sports
0 Comments

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.