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Rays decline Martinez and Mullins’ contract options, making them free agents

ST. PETERSBURG -- The Rays declined their mutual options with starter Nick Martinez and center fielder Cedric Mullins, as expected, on Friday afternoon. Both veterans are now free agents. These moves were anticipated because mutual options are rarely, if ever…

Published: Friday, 30 October 2026 at 9:54 PM
Rays decline Martinez and Mullins’ contract options, making them free agents
Key Things to Know
  • The Tampa Bay Rays declined mutual options for Nick Martinez and Cedric Mullins, sending both into free agency.
  • Martinez receives a $4 million buyout instead of a $20 million option, while Mullins receives a $500,000 buyout.
  • Martinez posted a 15-6 record with a 3.10 ERA in 31 starts for the AL champions.
The Story in 60 Seconds

The Tampa Bay Rays have declined their mutual contract options for starting pitcher Nick Martinez and center fielder Cedric Mullins, sending both players into free agency. Martinez held a $20 million mutual option that included a $4 million buyout from Tampa Bay, while Mullins had a $10 million option for 2027 paired with a $500,000 buyout.

Martinez enters free agency following a standout campaign where he posted a 15-6 record and a 3.10 ERA across 180 innings, serving as a clubhouse leader during Tampa Bay's run to an American League title. Mullins, who hit .205 with 15 home runs over 137 games during the regular season, saw his role diminish in the postseason behind Jonny DeLuca.

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