Tanner Banks

Philadelphia Phillies, Relief Pitcher
Age: 34y-4m-28d (Oct 24, 1991)
Exp: 3.092 Years
Country: US
College: Utah
Drafted: Round 18 (#528 overall), 2014
Agent(s): Gaeta Sports Management
2026 Payroll Salary

$1,200,000

2026 Cash

$1,200,000

Career Earnings

$2,532,122

2026-2026 Arbitration (CURRENT)

Tanner Banks signed a 1 year, $1,200,000 contract with the Philadelphia Phillies, including $1,200,000 guaranteed, and an average annual salary of $1,200,000. In 2026, Banks will earn a base salary of $1,200,000, while carrying a total salary of $1,200,000.
Contract Terms:
1 yr(s) / $1,200,000
Average Salary:
$1,200,000
Signing Bonus:
N/A
Free Agent:
2029 / UFA
YOS @ Signing:
3.092
Year Age YOS Status PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2026 34 3.092
Arb Avoided
 $1,200,000 $1,200,000 0.49% $1,200,000 $1,200,000
2027 35 --
ARB 2
2028 36 --
ARB 3
2029 37 -
UFA
Year Age Service Status Base Salary Incentives Likely Incentives Unlikely Payroll Salary Luxury Tax
2026 34 3.092
Arb Avoided
 $1,200,000 - - $1,200,000 $1,200,000
2027 35 --
ARB 2
2028 36 --
ARB 3
2029 37 --
UFA
Year Age Status Base Salary Cash Total Cash Cumulative Cash Remaining AYC Cumulative AYC Remaining
2026 34
Arb Avoided
 $1,200,000 $1,200,000 $1,200,000 $1,200,000 $1,200,000 $1,200,000
Source: MLB contract specifics generally collected from verified reports.

2025-2025 Pre-Arbitration

Contract Terms:
1 yr(s) / $785,500
Average Salary:
$785,500
Signing Bonus:
N/A
Free Agent:
2029 / UFA
YOS @ Signing:
2.092
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2024-2024 Pre-Arbitration

Contract Terms:
1 yr(s) / $755,050
Average Salary:
$755,050
Signing Bonus:
N/A
YOS @ Signing:
1.092
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2023-2023 Pre-Arbitration

Contract Terms:
1 yr(s) / $720,000
Average Salary:
$720,000
Signing Bonus:
N/A
YOS @ Signing:
0.137
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2022-2022 Pre-Arbitration

Contract Terms:
1 yr(s) / $700,000
Average Salary:
$700,000
Signing Bonus:
N/A
YOS @ Signing:
0
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Seasons

3.092 Years

Career Earnings thru 2026

$2,532,122

Earnings w/ Different Teams

2 teams

Earnings Per Year

Year Age Team(s) Service Status Cash Total Cash Cumulative Awards
2022 30
0
Reserve / minor-buried
$503,826
$503,826
2023 31
0.137
Active
$487,746
$991,572
2024 32
1.092
Active
Retained
$243,540
$511,510
$1,235,112
$1,746,622
2025 33
2.092
Active
$785,500
$2,532,122
Total      
$2,532,122
$2,532,122
2026 34
3.092
Active / Arb Avoided
$1,200,000
Total
$3,732,122

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
3 $1,503,082 - - $1,503,082
2 $1,029,040 - - $1,029,040
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2022
30
$503,826
$503,826
$503,826
2023
31
$487,746
$487,746
$991,572
2024
32
$243,540
$511,510
$243,540
$511,510
$1,235,112
$1,746,622
2025
33
$785,500
$785,500
$2,532,122
Total
$2,532,122
$2,532,122
$2,532,122
2026
34
$1,200,000
$1,200,000
Total
$3,732,122
$3,732,122

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
3 $1,503,082 - - $1,503,082
2 $1,029,040 - - $1,029,040
  • Jan 08, 2026 Signed a 1 year $1.2 million contract with Philadelphia (PHI), avoiding arbitration
  • Jul 30, 2024 Traded to Philadelphia (PHI) from Chicago (CHW) for William Bergolla
  • Mar 01, 2024 Signed a 1 year $755,050 contract with Chicago (CHW)
  • Jun 11, 2023 Recalled from the Minors by Chicago (CHW)
  • Apr 27, 2023 Optioned to the Minors by Chicago (CHW)
  • Apr 14, 2023 Recalled from the Minors by Chicago (CHW)
  • Sep 24, 2022 Demoted to the Minors by Chicago (CHW)
  • Sep 18, 2022 Promoted from the Minors by Chicago (CHW)
  • Aug 31, 2022 Demoted to the Minors by Chicago (CHW)
  • Aug 23, 2022 Promoted from the Minors by Chicago (CHW)
  • Aug 07, 2022 Demoted to the Minors by Chicago (CHW)
  • Jun 12, 2022 Promoted from the Minors by Chicago (CHW)
  • Jun 04, 2022 Demoted to the Minors by Chicago (CHW)
  • May 26, 2022 Promoted from the Minors by Chicago (CHW)
  • May 23, 2022 Demoted to the Minors by Chicago (CHW)
  • Apr 07, 2022 Contract purchased by Chicago (CHW)
  • Mar 01, 2022 Signed a 1 year $700,000 contract with Chicago (CHW)
  • Jun 11, 2014 Signed a contract with Chicago (CHW)
  • Jun 07, 2014 Drafted by Chicago (CHW): Round 18 (#528 overall)
Year Team GP GS H R ER BB K HR W L SV IP ERA WHIP WAR
2025 PHI 69 1 56 24 23 12 61 9 6 2 1 67.3 3.07 1.01 1.61
2024 PHI 63 2 69 41 32 25 78 6 2 3 2 72.3 3.98 1.30 0.09
2023 CHW 32 3 59 32 30 16 51 10 1 4 1 61.0 4.43 1.23 0.78
2022 CHW 35 0 42 25 18 18 49 5 2 0 0 53.0 3.06 1.13 0.40
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