Sources: Rays, Pete Fairbanks agree to 3-year, $12M extension

Reliever Pete Fairbanks and the Tampa Bay Rays agreed Friday on a three-year, $12 million contract extension with a club option for a fourth season, sources familiar with the deal told ESPN on Friday.

Fairbanks, 29, was dominant over the final 2½ months of the 2022 season, ending the year with 22 scoreless innings in which he struck out 36, allowed 9 hits and walked 3 batters. Fairbanks missed the first 3½ months of the season with a torn lat muscle, but his return resembled the previous two years, in which he’d developed into a strikeout machine.