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Tampa Bay Rays decline options on Nick Martinez, Cedric Mullins

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…

Published: Monday, 2 November 2026 at 4:00 PM
Tampa Bay Rays decline options on Nick Martinez, Cedric Mullins
Key Things to Know
  • The Tampa Bay Rays declined mutual contract options for 2027 on Nick Martinez and Cedric Mullins, making them free agents.
  • Martinez became a free agent via a $4 million buyout instead of Tampa Bay exercising his $20 million mutual option.
  • The Rays declined Mullins's $10 million option, paying the veteran outfielder a $500,000 buyout.
The Story in 60 Seconds

The Tampa Bay Rays have officially declined mutual options for the 2027 season on right-handed pitcher Nick Martinez and outfielder Cedric Mullins, sending both veteran players to free agency. The club opted to pay buyouts for both individuals following their recent run to the World Series.

Tampa Bay declined Martinez's $20 million option, paying him a $4 million buyout after an All-Star campaign in which he threw 180 innings with a 3.10 ERA. The Rays also exercised a $500,000 buyout on Mullins instead of picking up his $10 million option after he posted a .205 batting average.

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