McGee agreed to a one-year, $4.8 million deal with the Rays on Thursday, avoiding arbitration, Jon Heyman of CBS Sports reports.

EDGE Analysis

McGee missed the early part of last season to recover from arthroscopic elbow surgery, allowing Brad Boxberger to to lock down the closing role in Tampa Bay. After returning to the mound, McGee suffered a knee injury that shelved him for over a month late in the season. Boxberger will likely start the year as the team's closer, but McGee will be a viable candidate to take over if Boxberger fails to repeat his 2015 form.

McGee (knee) was activated from the 15-day DL prior to Saturday's game.

EDGE Analysis

As expected, the Rays activated McGee, but the lefty did not end up appearing in Saturday's game, as a poor outing from Chris Archer took the bullpen off the hook for any high-leverage work. Handed a 6-to-8 week timetable after suffering the knee injury, McGee ended up beating the front end of that estimate. He's turned in a 2.57 ERA and 0.91 WHIP with six saves, 17 holds and four blown saves in 36 appearances so far this season.

McGee (knee) will be activated Saturday, Marc Topkin of the Tampa Bay Times reports.

EDGE Analysis

McGee began a throwing program two weeks ago and now appears set to rejoin the club for their weekend series against the Blue Jays. The lefty has had a very effective year out of the Rays' bullpen, notching a 2.57 ERA with a 48:7 K:BB ratio in 35 innings.

McGee (knee) threw a bullpen session Wednesday and manager Kevin Cash is optimistic about his reliever returning for Tampa Bay's weekend series against Toronto, Bill Chastain of MLB.com reports.

EDGE Analysis

McGee has made rapid progress since resuming a throwing program on Sept. 11 and is now poised to rejoin the club in the next few days. Manager Kevin Cash noted that McGee's velocity was impressive during Wednesday's bullpen session and followed that by saying that McGee "should be able to go for us in the Toronto series. That will be a tremendous addition."

McGee (knee) will throw a simulated game Wednesday, Marc Topkin of the Tampa Bay Times reports.

EDGE Analysis

McGee tossed a successful simulated game over the weekend, and if Wednesday's session goes well he could return to the Rays' bullpen as early as Saturday. The left-hander holds a 2.57 ERA with 48 strikeouts in 35 innings this season.

McGee's (knee) Sunday bullpen session went well and he is optimistic he could return sometime later this week, Marc Topkin of the Tampa Bay Times reports.

EDGE Analysis

Considering how effective McGee is and that he's under team control for two more years, the Rays aren't likely to risk his health for 2016 on the last two weeks of a season where they are out of playoff contention. He should come back soon, but don't expect too much usage when he makes his return to the team.

McGee (knee) will pitch a simulated game Sunday, and hopes to travel with the team to Boston if it goes well, Roger Mooney of The Tampa Tribune reports.

EDGE Analysis

McGee's 2015 campaign has been a bit of a disappointment due to injuries, but he's been good when healthy. When he's healthy, the southpaw will likely serve in a late-inning role for the Rays.

McGee (knee) threw another bullpen session Monday is on target to be available during the season's final weeks, Marc Topkin of the Tampa Bay Times reports.

EDGE Analysis

Brad Boxberger had another rough outing Monday, so McGee could be in line for closing opportunities in the brief time he's back with the Rays. If not, he still figures to be used in high-leverage sessions given that the Rays aren't going to risk his health for middle relief help.

McGee (knee) threw off of a mound Friday, Marc Topkin of the Tampa Bay Times reports.

EDGE Analysis

McGee is still hoping to return to the Rays before the end of the regular season, but it's unclear whether or not that will happen as he works back from arthroscopic knee surgery last month. If McGee does return, he'd likely step back in as the Rays' primary closer, but considering the number of games remaining, he wouldn't be much of a fantasy option.

Tampa Bay Rays pitcher Jake McGee will have knee surgery Friday and miss six-to-eight weeks, according to The Tampa Tribune. At this point in the season, that timeline likely means that the procedure will end McGee's already injury-shortened season after just 36 relief appearances spanning 35 innings, during which he recorded a 2.57 ERA, 0.91 WHIP, 48 strikeouts, six saves and 17 holds.