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Marlins Reportedly Agree to One-Year, $13 Million Deal With Pete Fairbanks

The veteran reliever is poised to take over the ninth inning in Miami after Ronny Henriquez was ruled out for 2026.

Overview

  • Multiple outlets report the agreement, which has not been officially announced by the Marlins and is pending a physical.
  • The deal includes a $1 million signing bonus and up to $1 million in appearance-based incentives, and would be the largest annual salary Miami has given a reliever.
  • Fairbanks, 32, delivered a 2.83 ERA with a career-best 27 saves over 61 appearances and 60 1/3 innings in 2025 while maintaining upper-90s velocity.
  • Tampa Bay declined his $11 million club option this offseason and paid a $1 million buyout after three straight seasons of 23-plus saves.
  • Observers note a declining strikeout rate and prior IL stints from 2021–24, underscoring durability questions despite strong recent results.