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Red Sox in Agreement on a Two-Year Contract with Free Agent Pitcher

Photo by MLB On Fox

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.

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