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6d ago

Marlins Reach One-Year, $13 Million Agreement With Closer Pete Fairbanks

The pending deal answers Miami’s late-inning need following Ronny Henriquez’s season-ending surgery.

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Sep 17, 2025; Tampa, Florida, USA; Tampa Bay Rays pitcher Pete Fairbanks (29) throws a pitch against the Toronto Blue Jays in the ninth inning at George M. Steinbrenner Field. Mandatory Credit: Nathan Ray Seebeck-Imagn Images
12/24/25
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Overview

  • The agreement includes a $1 million signing bonus, up to $1 million in appearance-based incentives, and a reported $500,000 trade kicker.
  • The contract is reported by multiple outlets and is pending a physical.
  • Fairbanks is expected to take the ninth inning for Miami after Henriquez underwent Tommy John–type surgery and will miss 2026.
  • The right-hander posted a 2.83 ERA with 27 saves over a career-high 61 appearances and 60 1/3 innings in 2025, though his strikeout rate has trended down from earlier peak levels.
  • Tampa Bay declined his $11 million option and paid a $1 million buyout in November, and the reported $13 million would be the largest single-season salary Miami has given a reliever.