Pete Fairbanks

Pete Fairbanks has signed a one-year deal with the Miami Marlins worth $13 million.

Fantasy Impact

After losing Ronny Henriquez for the season, the Marlins jumped quickly to replace him and they picked up one of the better relievers on the market in Fairbanks. The hard-throwing righthander has spent most of his career with the Rays, including the last three seasons as their primary closer, and sports a career 3.19 ERA with 332 strikeouts in 265.1 innings. Last year, Fairbanks recorded career-highs in appearances (61) and saves (27) while posting a 2.83 ERA. Fairbanks is expected to compete with Calvin Faucher, last year's team leader in saves (15), for the closer's role in Miami in 2026.

The Marlins and Tigers have reportedly expressed interest in Pete Fairbanks.

Fantasy Impact

Fairbanks elected free agency back in November. He has also drawn interest from the Blue Jays. He looks to be one of the next closers to sign with a team.

Pete Fairbanks is officially a free agent after the Tampa Bay Rays declined his $11 million club option for 2026 on Thursday. The 31-year-old right-hander will receive a $1 million buyout and now looks to the free-agent market for his next opportunity.

Fantasy Impact

Fairbanks is coming off one of the best seasons of his career, finishing the 2025 regular season with a 2.83 ERA and 1.04 WHIP through 60.1 innings. He also collected a career-high 27 saves, and his reliability in high-leverage situations should attract plenty of interest in free agency.

Pete Fairbanks struck out one batter in a perfect inning to earn the save in Wednesday's win over the Blue Jays.

Fantasy Impact

After today’s game, Fairbanks holds a 2.98 ERA and 1.10 WHIP with 27 saves across 58 appearances this season. He has a 3.60 ERA over his last 15 games.

Pete Fairbanks struck out two batters and allowed two walks in a scoreless inning to earn the save in Saturday's win over the Cubs.

Fantasy Impact

The right-hander has provided mixed results out of the bullpen of late, allowing runs in four of his last nine appearances for the Rays. After yesterday’s game, Fairbanks holds a 3.09 ERA and 1.14 WHIP with 26 saves across 56 appearances this season.