Mark Teixeira to announce his retirement at 3pm today

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Big, big news out of New York. The Yankees are going to hold a press conference with Mark Teixeira today at 3pm. It is expected that he will announce his retirement, which will become effective at the end of the season.

Teixeira is in his 14th season in the bigs and, sadly, it’s time for him to hang it up. He’s currently hitting .198/.287.340 with 10 homers and 27 RBI. While he had an effective 2015 in 111 games, this is the second below replacement level season he’s had in two years. His body just can’t hold up to it anymore and his time as an effective player is over. Indeed, it’s highly likely that he would’ve been released by the Yankees this year if it wasn’t for the fact that the organization lost several other first base options to injuries. It’s a testament to Teixeira that he’s played as much as he has, but it’s likewise clear that he is not part of the Yankees future.

For as hard a go Teixeira has had this season, he’ll finish with a pretty nice career overall. At the moment his career batting line is .269/.361/.511, which translates to an OPS+ of 127. He has 404 homers and 1,281 RBI. An excellent first baseman for almost all of his career, he is a five-time Gold Glover and a three-time All-Star. His best season arguably came in 2008, which he split between the Angels and the Braves, hitting .308/.410/.552. I’d assume his most satisfying season, however, was when he helped lead the 2009 Yankees to a World Series title, smacking 39 homers and driving in 122.

Texeira is entitled to a nice goodbye over an unceremonious release. While I’m sure he’d prefer to be going out with better production on a playoff team, his current circumstances and that of the Yankees at least allows him to bow out with grace.

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.