The Tampa Bay Rays have officially parted ways with two veteran players that were integral to the team’s run to the World Series this past season.
On Friday, October 30th, the Rays announced that they had declined the mutual options for the 2027 season with RHP Nick Martinez and OF Cedric Mullins.
The Rays signed Martinez just prior to Spring Training to a one year, $9M contract with a $20M mutual option for the 2027 season; the Rays paid Martinez a $4M buyout after declining that option. The signing
could not have worked out any better for Tampa Bay and Martinez as the veteran hurler delivered one of his best seasons and was named an All-Star for the first time in his career.
Overall the 36 year old compiled a 3.10 ERA | 3.96 FIP with a 15.1 K% and league leading 3.6 BB% over a career high, 180 IP. Off the field, Martinez’s leadership within the clubhouse was invaluable as he helped guide a young Rays team to their first postseasom berth since 2023. When the Rays reached the World Series for the third time in franchise history, Nick Martinez received the honor of starting Game One against the Milwaukee Brewers.
Early last offseason, the Rays signed the veteran Cedric Mullins to a one year, $7M deal with a $10M mutual option for the 2027 season. The Rays have declined that option and instead paid Mullins a $500K buyout.
Mullins wasn’t able to recapture the magic that had made him one of the top players in baseball while with the Baltimore Orioles several years ago. The now 32 year old Mullins had one of the worst offensive seasons in baseball in 2026 and also posted the lowest OBP% among qualifying players in a single-season for the Rays. Overall Mullins hit .205/.284/.344 with 15 HR and 21 SB, registering a 76 wRC+ (4th lowest of 135 players). Mullins did accrue 1.1 fWAR despite his lowly offensive production thanks to plus defense in center field, producing 11 Outs Above Average, which ranked 4th among 54 qualifying outfielders.
With the departures of Mullins and Martinez, the Rays will likely be on the hunt for new veteran additions to fill their respective roles on the team.
