Athletics Sign Luis Severino to Franchise-Record $67M Deal Amid Move to Sacramento

Dec 5, 2024, 05:48 PM

Right-handed pitcher Luis Severino has agreed to a three-year, $67 million contract with the Oakland Athletics, according to multiple reports. The deal, which averages over $22 million annually and includes a $10 million signing bonus, represents the largest guarantee in the history of the Athletics franchise. Severino's signing marks a significant investment for the A's, who are reportedly intending to increase their payroll to around $100 million. The Athletics, moving out of Oakland and into a Triple-A ballpark in Sacramento, have surpassed their previous largest contracts, including deals with Eric Chavez and Yoenis Céspedes. Despite initial expectations that he might accept a one-year qualifying offer, Severino secured a substantial long-term deal, obtaining well over market expectations in a hot pitching market.