Just four days after being designated for assignment by the New York Mets, veteran reliever Craig Kimbrel signed a major league deal with the Tampa Bay Rays for a mere $780,000 on Tuesday, May 26, according to Reuters. The rapid turnaround of Kimbrel's signing highlights the volatile market for veteran relievers and the Rays' opportunistic talent acquisition in 2026.
Kimbrel recently posted a 6.00 ERA and was designated for assignment, yet the Tampa Bay Rays have signed him to a major league contract. Kimbrel's signing reveals a fundamental divergence in how the Rays and Mets assess his potential.
The Rays are banking on their player development system to revitalize Kimbrel's career, potentially securing an elite bullpen arm for a fraction of his former value. Few other franchises would or could take such a gamble, aiming to transform another team's discard into a high-leverage asset.
The Financials of the Deal
- Craig Kimbrel signed a 1-year contract with the Tampa Bay Rays for $780,000, according to Spotrac.
- The contract includes $780,000 guaranteed, also per Spotrac.
This guaranteed, low-figure deal minimizes financial risk for the Rays. It reinforces their reputation for shrewd acquisitions, securing a former elite closer for a fraction of his previous market value.
Rays' Signature Move
Kimbrel's adjusted salary with the Tampa Bay Rays stands at $517,204, according to Spotrac. The full contract averages $780,000 annually.
This low adjusted salary allows the Rays to acquire potential impact players at negligible cost. The move implicitly challenges the Mets' player evaluation, suggesting Kimbrel's struggles were situational, not a permanent decline.
Kimbrel's Recent Performance Woes
Before joining the Rays, Kimbrel posted a 6.00 ERA in 14 Mets appearances without a save, according to USA Today. Kimbrel's struggles led directly to his designation for assignment, diminishing his market value.
