Sources - Athletics, Luis Severino reach 3-year, $67M deal - ESPN

Right-hander Luis Severino and the Athletics are in agreement on a three-year, $67 million free agent contract that is the largest guarantee in the franchise's history, sources told ESPN on Thursday.

Coming off a bounce-back year in which he threw 182 innings with a 3.91 ERA for the New York Mets, Severino landed a deal that exceeded industry expectations — particularly considering he was saddled with a qualifying offer, which often dampens a player's market.

Free agents have been loath to sign with the A's, who will play in a minor league stadium in Sacramento for the next three seasons before a planned move to Las Vegas. By stretching themselves financially — their previous high deal was a six-year, $66 million extension for Eric Chavez in 2004, and their biggest free agent outlay was three years and $30 million for Billy Butler — the A's convinced Severino to anchor their rotation.

He can opt out after the second year of the contract, sources told ESPN.

Severino, 30, was once considered one of the best young pitchers in baseball, posting back-to-back All-Star seasons for the New York Yankees in 2017 and 2018. He missed most of 2019 with a lat strain and all of 2020 and most of 2021 after undergoing Tommy John surgery. He returned in 2022 but struggled throughout 2023, leading to a one-year, $13 million prove-it deal with the Mets.

With the fourth-hardest average fastball among qualified starters and a vicious slider, Severino showed there was plenty left in his arm. He struck out 161 batters, walked 60 and allowed 23 home runs in helping the Mets reach the National League Championship Series.

Severino rejected the one-year, $21.05 million qualifying offer, hopeful that the price of pitching would prompt teams to look