Right-hander Lucas Giolito and the Boston Red Sox are in agreement on a two-year, $38.5 million contract, sources told ESPN, locking up the innings-eating veteran as the starting pitching market begins to move.
The deal includes an opt-out after the first season and includes innings-based performance bonuses that can bring the total value to $40.5 million.
Giolito is set to make $18 million in his first year and $19 million in 2025, according to sources. There is a $1 million dollar buyout after the first year. The deal also includes a conditional option for 2026; if he opts in for 2025 and throws under 140 innings, the club will have a $14 million option.