Rays exercise club option on Brandon Lowe

The Rays announced that they have exercised their club option on infielder Brandon Lowe. Marc Topkin of the Tampa Bay Times relayed the news on X before the official announcement. The club could have given Lowe a $1M buyout and sent him to free agency but have instead locked in his $10.5M salary for the upcoming season.

There wasn’t much suspense with this decision. Lowe has hit .245/.330/.482 in his career for a 126 wRC+. That includes a .244/.311/.473 line in 2024 for a 123 wRC+.

He has mostly played second base in his career but has also spent some time at first base and in the outfield corners. He’s not considered especially strong at any of those spots but the versatility is still useful. He has missed plenty of time due to injuries in his career, only once getting into 110 games in a season, but his production has been strong whenever he’s been out there.

Back in March of 2019, when Lowe had just 43 MLB games on his ledger, he and the Rays agreed to a six-year, $24M contract extension. The Rays are undoubtedly happy with their return on that investment, given Lowe’s performance.

They have triggered the club option to keep Lowe around for 2025 and his contract has another club option for 2026. He can be retained for that season at a rate of $11.5M with a $500K buyout.

The question now is if the Rays will hold him or trade him. The franchise often trades players as they get more expensive and closer to free agency, which applies to Lowe.

According to RosterResource, the projected 2025 payroll is fairly similar to what they paid in 2024. A few non-tenders of their arbitration-eligible players could give them some breathing space but they are also facing the uncertainty of their stadium situation. With Tropicana Field badly damaged by Hurricane Milton, it’s possible that the club has to spend the upcoming season or seasons as nomads. That could have financial implications in terms of ticket sales, refunds, repairs and so on.

Even if that situation is largely resolved by insurance or other means, the Rays normally keep payroll down by trading players in this situation for younger, cheaper and more controllable alternatives. As such, it wouldn’t be a surprise if Lowe’s name pops up in trade rumors this winter.