Right-hander Lucas Giolito has agreed to a two-year, $38.5 million deal with the Boston Red Sox, including an opt-out after the first season. The deal is reportedly worth more than the projected $40.2 million in field value over the next two years. Giolito, a former All-Star, aims to rebuild his value after a challenging 2023 season. The signing is seen as a strategic move by the Red Sox to address their need for innings and bolster their starting rotation. The deal also includes up to $1 million in bonuses each year and conditional team options for 2026 with a $1.5 million buyout.
Red Sox announce Lucas Giolito signing https://t.co/Rq7pe7m6KX
Red Sox announce the signing of Giolito, calling it a one-year deal with a player option for 2025. They designate Mauricio Llovera for assignment to clear a spot for him.
The #RedSox today signed RHP Lucas Giolito to a one-year contract for the 2024 season, with a player option for 2025. To make room on the 40-man roster, the club designated RHP Mauricio Llovera for assignment.
The Red Sox Raise Their Floor, Bring in Lucas Giolito on a Two-Year Deal https://t.co/aIBAnR1FYb
Signing Giolito was an important move for the Red Sox because they needed a guy that’s going to give them innings https://t.co/fUDR0lz3KG
Red Sox writer @TonyMassarotti dishes on the signing of Lucas Giolito 💰🤑 ▶️ https://t.co/BZTOFahgyP https://t.co/yUyGIFMdzK
The Red Sox signed Lucas Giolito to a 2-year, $38.5M deal and are finally on the board in the free agency sweepstakes. @LouMerloni joins the show to share his reaction to the signing, how this affects the rest of the offseason, and outlook on 2024. https://t.co/PbUVFJuI4z https://t.co/aJxXfWmp62
So according to @redsoxpayroll, after signing Lucas Giolito, the current payroll is roughly around $209M, leaving them with around $28M to play with while staying under the luxury tax. With reports lately about the Red Sox maybe not wanting to break the bank, perhaps they want to… https://t.co/NYe8CV2yTm
Lucas Giolito has signed a two-year, $38.5 million deal with the Red Sox.
Lucas Giolito agrees to 2-year, $38.5 million contract with the Boston Red Sox https://t.co/GF7tk2lXG7
Righthander Lucas Giolito reportedly agrees to terms with Red Sox as team begins to rebuild starting rotation https://t.co/BK1ie6f3TI
Lucas Giolito and the Red Sox have reportedly agreed to a two-year contract https://t.co/f7weRILDl4
Despite a 4.89 ERA the past two seasons, Lucas Giolito gets two years and $38.5 million with an opt-out clause from the Red Sox. Added my thoughts on Giolito's upside and the uncommon structure of the contract to @TheAthleticMLB's free agent big board: https://t.co/QjfsDkBsTE
When Craig Breslow and the Red Sox come back from the dead to sign Lucas Giolito https://t.co/rd5iwFgrwT
NEWS: The Red Sox and veteran starting pitcher Lucas Giolito have agreed to terms on a two-year, $38.5M deal with an opt-out after the first year of the deal, according to multiple reports Friday. More details ⤵️ https://t.co/1Nhbftd7Uh
Lucas Giolito reportedly agrees to two-year contract with Boston Red Sox https://t.co/V6Oa4VwxNi
Red Sox land Lucas Giolito on two-year, $38.5M contract after Mets had strong interest https://t.co/8swE7pxpca https://t.co/dLjdfNywKt
I like this Giolito deal a ton for the Red Sox. Even if he's just an average starter, well, that's something they desperately need.
Red Sox reach agreement with RHP Lucas Giolito https://t.co/2XnBhQCmXW
For anyone wondering why Lucas Giolito got almost $20M a season after a bad 2nd half: - He has at least 160 IP each going back to 2018, with only 1 season under 170 (minus 2020). Red Sox needed innings. - He had 10 K/9 and 3.6 BB/9 last season, a solid K/BB ratio. - He had a… https://t.co/qzv6XXXr3A
The Red Sox are signing Lucas Giolito to a 2-year, $38.5M deal per multiple sources https://t.co/oA7yUGAOJR
Red Sox, RHP Lucas Giolito reportedly agree to a 2-year deal with an opt-out after 2024, per https://t.co/Z3s2EphcSH's @Feinsand. https://t.co/DqJziBUUdi
The Red Sox and Lucas Giolito agree to two-year, $38.5M deal. 🤝 https://t.co/nZd0X4Aupn https://t.co/JJPjTqrORF
Lucas Giolito to sign with Red Sox: Boston hands out two-year, $38.5 million deal after down year, per report https://t.co/1tbbTMz89M
RHP Lucas Giolito is headed to Boston on a two-year, $38.5M deal, per @JeffPassan. https://t.co/CBXgaswbmq
Report: Red Sox, Giolito agree to 2-year, $38.5M deal https://t.co/papBelozF8
Source confirms @JeffPassan report: Red Sox are in agreement with Giolito on a 2-year, $38.5M deal with up to $1M in bonuses each year and a player opt-out after year 1. Salaries would be $18m in 2024, $19M in 2025, and conditional team options for 2026 w/$1.5M buyout.
Lucas Giolito has agreed to a two-year, $38.5 million deal with the Red Sox, per source. The deal includes an opt-out after 2024. @JeffPassan was on it.
The Red Sox and starting pitcher Lucas Giolito have agreed to a two-year, $38.5 million deal with an opt-out after the first year, per @JeffPassan. The former All-Star will look to rebuild his value on a short-term deal with Boston after a shaky 2023 season! https://t.co/U2o3iP7zcW
Our model projects Lucas Giolito to be worth $40.2M in field value over the next two years, or slightly more than the $38.5M he will reportedly earn with the #RedSox (though the opt-out adds value for the player)
The Boston Red Sox finally strike in free agency, signing starter Lucas Giolito to a 2-year, $38.5 million contract after his struggles last season crushed his free agent market. @JeffPassan on it.
Red Sox In Agreement With Lucas Giolito https://t.co/tt25zEY9yE https://t.co/HGdWHTpNV4
Giolito agrees to $38.5M two-year Red Sox deal. Opt out after one year. @JeffPassan 1st
Lucas Giolito is headed to Boston https://t.co/PVWNcutSW3
Lucas Giolito and the Boston Red Sox agree on a two-year, $38.5 million contract, per @JeffPassan. https://t.co/YLNteAVOMo
This makes all the sense. Two years for Giolito to fix his current problems (i.e. hittable fastball) and showcase himself as a legit workhorse again. Boston needs innings and Giolito has averaged 174 IP across the last three seasons. Sub $20M a year? Great signing for Boston https://t.co/5zYMEOcaGA
The Red Sox and Lucas Giolito have agreed on a 2-year, $38.5M deal, per @JeffPassan It has an opt-out after the first season. https://t.co/NEyaleVkD3
Lucas Giolito goes to Red Sox
BREAKING: Right-hander Lucas Giolito and the Boston Red Sox are in agreement on a two-year, $38.5 million contract that includes an opt-out after the first season, sources tell ESPN. Boston lands its first big signing of the winter. The question now is: Will there be more?