The Miami Marlins have locked in relief pitcher Pete Fairbanks on a one-year deal worth $13 million, a significant move for the team. With a $1 million signing bonus and performance incentives, this contract positions Fairbanks to take on a key role as the Marlins’ closer.
Fairbanks, who just turned 32, comes off a strong 2025 season with the Tampa Bay Rays, where he posted a 2.83 ERA over 60 innings. Despite the Rays having an option for him at $11 million in 2026, they opted to buy him out instead. MLB Trade Rumors ranked Fairbanks as the 44th top free agent, projecting a two-year, $18 million deal. The Marlins’ agreement offers him a higher annual salary for a shorter commitment.
Since his debut in 2019, Fairbanks has pitched 265 innings, with an average ERA of 3.19. He’s been effective, striking out 30% of batters while keeping balls in play manageable, earning a reputation for his upper-90s fastball and strong slider. His performance, however, has been mixed by injuries; he faced seven trips to the injured list since 2021 but was healthier in 2025.
This signing comes as the Marlins look to strengthen their bullpen, which struggled last season with a 4.27 ERA—ranking 23rd in the league. The addition of Fairbanks aims to improve their stats and reduce the load on younger pitchers. Notably, Ronny Henriquez, the standout reliever from 2025 with a 2.22 ERA, underwent elbow surgery and will miss the entire 2026 season, increasing the need for reliable arms like Fairbanks.
The Marlins had a handful of pitchers contribute significantly last season. For instance, Tyler Phillips led the group with a 2.78 ERA over 77 innings. The team’s mix of established and emerging talent can now benefit from Fairbanks’ experience and skills.
As the Marlins finalize their roster, they continue to explore opportunities to reinforce their squad. Fairbanks’ contract adjusts their projected payroll to $73 million, up from $70 million last year. This includes over $15 million earmarked for arbitration-eligible players.
In the business of baseball, transactions like this signal not just team strategy but adjustments to market dynamics driven by performance and financial considerations. Enhanced by Fairbanks’ arrival, the Marlins are positioning themselves for a competitive season ahead.
For more details on team payrolls and player movements, you can visit RosterResource.
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