Report: Pirates offered Russell Martin an extension; he rejected it

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Jon Heyman of CBS Sports is reporting that the Pirates offered catcher and soon-to-be free agent Russell Martin a contract extension late during the regular season, but Martin rejected it. Details of the offer are not known.

Martin, 31, had a fantastic year with the Pirates, the latter half of a two-year, $17 million contract he signed with the club in November 2012. The veteran hit .290/.402/.430 with 11 home runs and 67 RBI while being a stalwart behind the plate. Among hitters with at least 450 plate appearances, Martin’s .402 on-base percentage ranked fourth in baseball behind teammate Andrew McCutchen, Victor Martinez, and Jose Bautista.

The upcoming free agent market for catchers is grim beyond Martin, so teams in need of a front-line catcher will have laser focus on him. Last off-season, Brian McCann was made rich when he signed a five-year, $85 million deal with the Yankees during the past off-season — $59 million more than the next-richest contract (Carlos Ruiz, Phillies for three years). Heyman suggests Martin could attain a similar contract in both length and value, which may price the Pirates out of the bidding.

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.