AL champion Rays pick up $20 million option on ace pitcher Drew Rasmussen for 2027

The 31-year-old Rasmussen went 16-5 with a 2.67 ERA in 30 starts during the regular season.

Yahoo

Published: Sunday, 1 November 2026 at 6:56 PM

Key Things to Know

The Tampa Bay Rays exercised their $20 million contract option on pitcher Drew Rasmussen for 2027.
Rasmussen's option rose to $20 million after making at least 28 starts during the 2026 season.
The right-hander finished 16-5 with a 2.67 ERA across 30 regular-season starts in 2026.

The Story in 60 Seconds

The Tampa Bay Rays have exercised their $20 million club option on ace right-hander Drew Rasmussen for the 2027 season rather than paying a $500,000 buyout. The option escalated from $8 million to $20 million after Rasmussen completed 30 regular season starts in 2026, bringing the total value of the agreement to $28 million over three seasons.

Rasmussen went 16-5 with a 2.67 ERA in the regular season, helping Tampa Bay capture the AL East title and the American League pennant before falling to the Milwaukee Brewers in the World Series. In corresponding roster decisions, the Rays declined mutual contract options on pitcher Nick Martinez and outfielder Cedric Mullins.

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AL champion Rays pick up $20 million option on ace pitcher Drew Rasmussen for 2027

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