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Nick Martinez Declines his 2027 Mutual Option With Rays

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Oct 31, 2026, 2:45 PM ET

Tampa Bay Rays right-hander Nick Martinez declined his $20 million mutual option for the 2027 season to become a free agent this winter, according to Jon Heyman of the New York Post. Martinez will instead take a $4 million buyout and enter the open market. The 36-year-old veteran unsurprisingly will be looking for a new team to play for in 2027 and beyond after making his first All-Star team in 2026 and helping the Rays advance to the World Series, where they lost in five games to the Milwaukee Brewers. In 31 starts for Tampa this year, Martinez went 15-6 with a strong 3.10 ERA (3.96 FIP) and 1.09 WHIP with 109 strikeouts and 26 walks in a career-high 180 innings pitched during the regular season. It was the first time in his nine-year MLB career that Martinez made all of his appearances in a starting role. Despite his age, Martinez should have some multi-year offers after his impressive year for the Rays, but it will also depend on whether interested teams view him as more of a reliever as he nears the end of his career.--Keith Hernandez
Source: New York Post - Jon Heyman

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