Padres, Eric Stults avoid arbitration with one-year deal

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FOX Sports’ Ken Rosenthal reports that the Padres and left-hander Eric Stults have avoided arbitration by agreeing to a one-year, $2.75 million contract.

This is the first major payday for Stults, who has thrived since he was claimed off waivers from the White Sox in May of 2012, posting a 3.62 ERA over 47 starts and four relief appearances. The 33-year-old southpaw threw a career-high 203 2/3 innings this past season.

Stults is far from dominant, but he throws strikes and should do well enough as a backend starter as long as he calls PETCO Park home. As of now, he projects to enter 2014 with a rotation spot alongside Andrew Cashner, Josh Johnson, Ian Kennedy, and Tyson Ross, but that could change in the weeks ahead. Over the weekend, Bill Center of UT-San Diego speculated that the Padres could potentially deal Stults, Burch Smith, or Robbie Erlin to upgrade in other areas.

Rays’ Díaz gets $24 million, three-year deal, avoids arbitration

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ST. PETERSBURG, Fla. – Tampa Bay Rays infielder Yandy Díaz agreed to a $24 million, three-year contract on Tuesday that avoided a salary arbitration hearing.

Díaz’s agreement could be worth $36 million over four seasons.

The 31-year old will receive $6 million this season, $8 million in 2024 and $10 million for 2025. The 2026 club is $12 million with no buyout. There is a $1 million assignment bonus that would be payable by receiving team.

Díaz has spent parts of six seasons in the majors with Cleveland (2017-18) and Tampa Bay (2019-22). He has a career average of .278 with 39 home runs and 198 RBIs.

Acquired by the Rays in a three-team trade on Dec. 13, 2018, Díaz hit .296 with nine homers and 57 RBIs in 137 games last season, He career highs with 71 runs, 140 hits, 33 doubles, and 78 walks.

Díaz was the third Rays’ arbitration-eligible player to reach a deal.

Reliever Pete Fairbanks agreed Friday to a $12 million, three-year contract that could be worth up to $24.6 million over four seasons. The 29-year-old right-hander 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.

Left-hander Jeffrey Springs also agreed last week to a $31 million, four-year contract that could be worth $65.75 million over five seasons.

The 30-year-old began last season in the bullpen and transitioned to the starting rotation in May and finished 9-5 with a 2.46 ERA in 33 appearances, including 25 starts.

Tampa Bay remains scheduled for hearings with right-handers Jason Adam and Ryan Thompson, left-hander Colin Poche, and outfielder Harold Ramírez.