Pete Fairbanks

Tampa Bay Rays, Relief Pitcher
Age: 30-348d (Dec 16, 1993)
Exp: 5.057 Years
Country: US
College: Missouri
Drafted: Round 9 (#258 overall), 2015
Agent(s): Republik Sports
2025 Payroll Salary

$3,666,667

2025 Cash

$3,666,667

Career Earnings

$9,107,785

2023-2026 Arbitration Extension (CURRENT)

Pete Fairbanks signed a 3 year , $12,000,000 contract with the Tampa Bay Rays, including $12,000,000 guaranteed, and an average annual salary of $4,000,000. In 2025, Fairbanks will earn a base salary of $3,666,667, while carrying a total salary of $3,666,667.
Contract Terms:
3 yr(s) / $12,000,000
Average Salary:
$4,000,000
Signing Bonus:
N/A
Free Agent:
2027 / UFA
Year Age Status PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2023 29
Arb Avoided
 $3,666,666 $4,000,000 1.72% $3,666,666 $3,666,666
2024 30
ARB 2
 $3,666,667 $4,000,000 1.69% $3,666,667 $7,333,333
2025 31
ARB 3
 $3,666,667 $4,000,000 1.66% $3,666,667 $11,000,000
2026 32
Club
 $7,000,000 $7,000,000 - $1,000,000 $12,000,000
2027 33
UFA
Year Age Service Status Base Salary Incentives Likely Incentives Unlikely Payroll Salary Luxury Tax
2023 29 3.057
Arb Avoided
 $3,666,666 - - $3,666,666 $4,000,000
2024 30 4.057
ARB 2
 $3,666,667 - - $3,666,667 $4,000,000
2025 31 5.057
ARB 3
 $3,666,667 - - $3,666,667 $4,000,000
2026 32 -
Club
 $7,000,000 - - $7,000,000 $7,000,000
2027 33 --
UFA
Year Age Status Base Salary Cash Total Cash Cumulative AYC Cumulative AYC Remaining
2023 29
Arb Avoided
 $3,666,666 $3,666,666 $3,666,666 $3,666,666 $3,000,000
2024 30
ARB 2
 $3,666,667 $3,666,667 $7,333,333 $3,666,667 $2,777,778
2025 31
ARB 3
 $3,666,667 $3,666,667 $11,000,000 $3,666,667 $2,333,334
2026 32
Club
 $1,000,000 $1,000,000 $12,000,000 $3,000,000 $1,000,000
Contract Notes
  • 2026 Club Option includes a $1M buyout
  • 2024-2025 Escalators (previous year Games Finished)
    $150,000 each for 35, 40
  • 2026 Option Escalators
    $1M each for 60, 70 appearances in 2025
    $500,000 each for 25, 30, 35, 40 games finished in 2025
    $500,000 for 125 appearances across 2023-2025
    $1M each for 135, 150, 165 appearances across 2023-2025
  • Reliever of the Year: $500,000 ($200,000 for 2nd/3rd)
Source: MLB contract specifics generally collected from verified reports.

2022-2022 Pre-Arb

Pete Fairbanks signed a 1 year , $714,400 contract with the Tampa Bay Rays, including $714,400 guaranteed, and an average annual salary of $714,400.
Contract Terms:
1 yr(s) / $714,400
Average Salary:
$714,400
Signing Bonus:
N/A
Spotrac Premium Tools
To see the rest of the Pete Fairbanks's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Already Subscribed? Login Here

2021-2021 Pre-Arb

Pete Fairbanks signed a 1 year , $583,800 contract with the Tampa Bay Rays, including $583,800 guaranteed, and an average annual salary of $583,800.
Contract Terms:
1 yr(s) / $583,800
Average Salary:
$583,800
Signing Bonus:
N/A
Spotrac Premium Tools
To see the rest of the Pete Fairbanks's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Already Subscribed? Login Here

2020-2020 Pre-Arb

Pete Fairbanks signed a 1 year , $564,700 contract with the Tampa Bay Rays, including $564,700 guaranteed, and an average annual salary of $564,700.
Contract Terms:
1 yr(s) / $564,700
Average Salary:
$564,700
Signing Bonus:
N/A
Spotrac Premium Tools
To see the rest of the Pete Fairbanks's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Already Subscribed? Login Here

2019-2019 Pre-Arb

Pete Fairbanks signed a 1 year , $555,000 contract with the Texas Rangers, including $555,000 guaranteed, and an average annual salary of $555,000.
Contract Terms:
1 yr(s) / $555,000
Average Salary:
$555,000
Signing Bonus:
N/A
Spotrac Premium Tools
To see the rest of the Pete Fairbanks's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Already Subscribed? Login Here

2015-2015 Signing Bonus

Pete Fairbanks signed a 1 year , $100,000 contract with the Texas Rangers, including $100,000 guaranteed, and an average annual salary of $100,000.
Contract Terms:
1 yr(s) / $100,000
Average Salary:
$100,000
Signing Bonus:
N/A
Spotrac Premium Tools
To see the rest of the Pete Fairbanks's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Already Subscribed? Login Here
Seasons

5.057 Years

Career Earnings thru 2025

$9,107,785

Earnings w/ Different Teams

2 teams

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2015 21
Signing Bonus
$100,000
$100,000
2019 25
Active
Retained
$92,504
$74,600
$192,504
$267,104
2020 26
Active
$209,148
$476,252
2021 27
Active
$583,800
$1,060,052
2022 28
Active
$714,400
$1,774,452
2023 29
Active / Arb Avoided
$3,666,666
$5,441,118
2024 30
Injured /
$3,666,667
$9,107,785
Total      
$9,107,785
$9,107,785
2025 31
Active
$3,666,667
2026 32
Active / Club
$1,000,000
Total
$13,774,452

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
2 $74,600 $100,000 - $174,600
6 $8,933,185 - - $8,933,185
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2015
21
$100,000
$100,000
$100,000
2019
25
$92,504
$74,600
$92,504
$74,600
$192,504
$267,104
2020
26
$209,148
$209,148
$476,252
2021
27
$583,800
$583,800
$1,060,052
2022
28
$714,400
$714,400
$1,774,452
2023
29
$3,666,666
$3,666,666
$5,441,118
2024
30
$3,666,667
$3,666,667
$9,107,785
Total
$9,007,785
$100,000
$9,107,785
$9,107,785
2025
31
$3,666,667
$3,666,667
2026
32
$1,000,000
$1,000,000
Total
$13,674,452
$100,000
$13,774,452

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
2 $74,600 $100,000 - $174,600
6 $8,933,185 - - $8,933,185

Injuries

Year Dates Reason
2024 TB Aug 19, 2024 - Sep 29, 2024 Back
2024 TB Apr 19, 2024 - May 11, 2024 Neck
2023 TB May 29, 2023 - Jun 15, 2023 Hip
2023 TB May 03, 2023 - May 15, 2023 Arm
2022 TB Apr 04, 2022 - Jul 17, 2022 Back
2021 TB Jul 29, 2021 - Aug 27, 2021 Shoulder
2021 TB Apr 09, 2021 - May 05, 2021 Shoulder
  • Jan 27, 2023 Signed a 3 year $12 million contract extension with Tampa Bay (TB), including a $7M club option for 2026
  • Mar 01, 2022 Signed a 1 year $714,400 contract with Tampa Bay (TB)
  • Mar 01, 2021 Signed a 1 year $583,800 contract with Tampa Bay (TB)
  • Mar 05, 2020 Signed a 1 year $564,700 contract with Tampa Bay (TB)
  • Jul 13, 2019 Traded to Tampa Bay (TB) from Texas (TEX) for Nick Solak
  • Jun 12, 2015 Signed a contract with Texas (TEX)
  • Jun 09, 2015 Drafted by Texas (TEX): Round 9 (#258 overall)
Year Team GP GS H R ER BB K HR W L SV IP ERA WHIP WAR
2024 TB 46 0 36 20 18 17 44 4 3 3 23 45.3 3.57 1.17 0.81
2023 TB 46 0 26 14 13 20 68 3 2 4 25 45.3 2.58 1.02 1.47
2022 TB 24 0 13 3 3 3 38 1 0 0 8 24.0 1.13 0.67 1.30
2021 TB 47 0 40 22 17 21 56 2 3 6 5 42.7 3.59 1.43 0.13
2020 TB 27 2 23 9 8 14 39 2 6 3 0 26.7 2.70 1.39 0.52
2019 TB 21 0 25 20 16 10 28 5 2 3 2 21.0 6.86 1.67 -0.26

FEATURED PLAYER NEWS

News image
Predicting a Mets Free Agency Sans Juan Soto

The Mets have 12 players set to hit the open market, and are squarely in the Juan Soto blockbuster conversation this winter. But if not Soto, how can the Mets allocate $550M elsewhere? READ MORE

TRANSACTIONS

Jan 27, 2023
Signed a 3 year $12 million contract extension with Tampa Bay (TB), including a $7M club option for 2026
Mar 01, 2022
Signed a 1 year $714,400 contract with Tampa Bay (TB)
Mar 01, 2021
Signed a 1 year $583,800 contract with Tampa Bay (TB)
Mar 05, 2020
Signed a 1 year $564,700 contract with Tampa Bay (TB)
Jul 13, 2019
Traded to Tampa Bay (TB) from Texas (TEX) for Nick Solak
Jun 12, 2015
Signed a contract with Texas (TEX)
Jun 09, 2015
Drafted by Texas (TEX): Round 9 (#258 overall)

TRENDING PLAYERS

  • 1 Tarik Skubal (SP, DET)
  • 2 Chris Sale (SP, ATL)
  • 3 Juan Soto (RF, NYY)
  • 4 Shohei Ohtani (DH, LAD)
  • 5 Anthony Santander (RF, BAL)

TRENDING PAGES

  • 1 MLB Free Agents
  • 2 MLB Transactions
  • 3 MLB Salary Rankings
  • 4 MLB Cap Tracker
  • 5 MLB Contracts
Top