Cespedes is back! Yo signs with the Mets for four years, $110 million

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So much for the contingency plan. Ken Rosenthal of Fox Sports reports that the Mets have re-signed Yoenis Cespedes. The deal is reported to be worth four years and $110 million. Jon Morosi of MLB.com reports that the deal gives Cespedes a full no-trade clause. Beyond that, Cespedes, who just turned 31, will be under Mets control through his age 34 season.

It is the largest free agent deal ever handed out by the Mets in terms of average annual value. Cespedes’ $27.5 million annual average salary is the highest ever for an outfielder on a multi-year deal. Only Miguel Caberea, who avaerages $31 million a year, has a higher average annual salary than Cespedes will. The only larger contract the Mets have ever given out as a $119 million deal to Carlos Beltran, though that was over seven years. As far as the year-by-year breakdown, Cespedes will earn $22.5 million in 2017 then $29 million in both 2018 and 2019 and $29.5 million in 2020.

Cespedes finished the 2016 regular season with a line of .280/.354/.530, 31 home runs and 86 RBI in 543 plate appearances. Earlier this month, Cespedes opted out with two years and $47.5 million remaining on his contract with the Mets in order to become a free agent. While the Mets were generally considered the front runners to retain his services, no shortage of teams were interested. Ultimately, however, it made far too much sense for the parties to reunite given the Mets’ needs and Cespedes’ contractual desires which the Mets were better positioned to afford than most other suitors.

The Mets’ outfield now seems set for 2017, with Jay Bruce in right field, Curtis Granderson in center and Yo in left.

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

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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.