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Former White Sox starter Lucas Giolito has inked a two-year, $38.5 million contract with the Boston Red Sox, joining his fourth team in as many months. The news was initially reported by Jeff Passan.
Giolito’s contract, according to Passan, has a $1 million opt-out clause after the first year. Should that not be the case, he will be paid $19 million for the second season of the agreement in 2025 ($18 million for the first).
According to Passan, there is a conditional option for 2026. If he pitches fewer than 140 innings in 2025, the option becomes a $14 million club option. If he tosses over 140 innings, it becomes a $19 million mutual option. If he decides to opt out after the second season, the buyout rises to $1.5 million.
In his five seasons as a pitcher, Giolito has thrown for over 140 innings. With 121 innings pitched in the previous season, he begged for more in 2024.
Giolito, who was a player for three different teams in 2023, has an amazing deal.
He was a member of the White Sox during the first part of the 2023 season, making 21 starts and recording a 3.79 ERA. At the August 1 trade deadline, the White Sox sold him and Eduardo Lopez to the Los Angeles Angels for prospects Edgar Quero and Ky Bush.
With the Angels, Giolito, 29, had a 1-5 pitching record with a 6.89 ERA in six starts. After that, the Angels waived him. For the remainder of the season, he joined with the Cleveland Guardians. Giolito made six more starts there. However, he ended up with an ERA of 7.04 this time.
So, in addition to having a dismal conclusion to his multi-destination 2023 season, Giolito signed a very rich contract. The transaction emerges from the shadows of this MLB offseason, in which Yoshinobu Yamamoto and Shohei Ohtani have signed the most free agents.
Giolito’s contract could be more significant since it might set the stage for the other free agents in MLB to follow suit.
