The Boston Red Sox have made their first big splash of this offseason, signing free agent RHP Lucas Giolito, to a two-year, $38.5 million contract that includes an opt-out after the first season.
Giolito’s deal with Boston gives him an $18M salary in 2024 and a $1M buyout if he opts out. If not, the salary for 2025 is $19M. There is a conditional option for 2026, $14M club option if he throws under 140 innings in 2025, $19M mutual option for 140+, with a $1.5M buyout, per Jeff Passan of ESPN.
Giolito is a solid pickup for Boston as they are in desperate need for pitching, as well as talent to compete in the gauntlet of the AL East. Giolito posted a 4.88 ERA last season with stints in Chicago (AL), Los Angeles (AL), and Cleveland.
Although Giolito had a down 2023, his good years are not far off in Chicago, where he posted sub 4.00 ERA's in four of his seven seasons in Chicago.
Lucas Giolito is going to a club where he will be a consistent starter who will eat a lot of innings and strikeouts. With his two-year contract taking him to his age 30 season, if all goes well, he will set himself up for a nice payday.
Comments