Right-hander Lucas Giolito and the Boston Red Sox are in agreement on a two-year, $38.5 million contract, sources told ESPN, locking up the innings-eating veteran as the starting pitching market begins to move.
The deal includes an opt-out after the first season and includes innings-based performance bonuses that can bring the total value to $40.5 million.
Giolito's deal with Boston gives him an $18 million salary in 2024 and a $1 million buyout if he opts out. If not, his salary for 2025 is $19 million.
There is a conditional option for 2026 — a $14 million club option if he throws under 140 innings in 2025, and a $19 million mutual option if he throws over 140 innings, with a $1.5 million buyout.
Related News