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Red Sox Rumors: Lucas Giolito Agrees to 2-Year, $38.5M Contract in MLB Free Agency

After spending the 2023 season with three different teams, free-agent starting pitcher Lucas Giolito is on the move again.

According to ESPN's Jeff Passan, Giolito has agreed to a two-year, $38.5 million contract with the Boston Red Sox on Friday. The deal includes an opt-out after the first year.

Jeff Passan @JeffPassan

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.