Pete Fairbanks

Tampa Bay Rays, Relief Pitcher
Age: 30-142d (Dec 16, 1993)
Exp: 4.057 Years
Country: US
College: Missouri
Drafted: Round 9 (#258 overall), 2015
2024 Payroll Salary

$3,666,667

2024 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 2024, 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 Service Option/Status Base Salary Incentives Likely Incentives Unlikely Payroll Luxury Tax
2023 29 3.057
Arb Avoided
 $3,666,666 - - $3,666,666 $4,000,000
2024 30 4.057
ARB 2 / Injured
 $3,666,667 - - $3,666,667 $4,000,000
2025 31 -
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 / Injured
 $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
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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
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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
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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
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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
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Career Earnings thru 2024

$9,107,785

Career 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
$12,774,452
2026 32
Active / Club
$1,000,000
$13,774,452
Total
$13,774,452
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
$12,774,452
2026
32
$1,000,000
$1,000,000
$13,774,452
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
5 $5,266,518 - - $5,266,518
  • 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 8 0 8 8 7 8 10 0 0 2 3 7.0 9.00 10.29
2023 TB 46 0 26 14 13 20 68 3 2 4 25 45.3 2.58 3.97 1.46
2022 TB 24 0 13 3 3 3 38 1 0 0 8 24.0 1.13 1.12 1.29
2021 TB 47 0 40 22 17 21 56 2 3 6 5 42.7 3.59 4.43 0.00
2020 TB 27 2 23 9 8 14 39 2 6 3 0 26.7 2.70 4.72 0.52
2019 TB 21 0 25 20 16 10 28 5 2 3 2 21.0 6.86 4.29 -0.26

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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)

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