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ST. PETERSBURG, Fla. — Right-hander Drew Rasmussen and the Tampa Bay Rays avoided salary arbitration, agreeing to an $8.5 million, two-year contract that could be worth up to $28 million over three seasons. Rasmussen receives a $500,000 signing bonus and salaries of $2 million this year and $5.5 million in 2026. Tampa Bay holds an $8 million option for 2027 with a $500,000 buyout, and the option has $6 million in escalators based on health and $6 million based on starts. Rasmussen returned to the Rays on Aug. 7 following his third elbow surgery and had a 2.82 ERA and 0-2 record in four starts and 12 relief appearances.
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