Official announcements from the Athletics or Severino's agent

Athletics Sign Luis Severino to Record Three-Year, $67 Million Deal, Largest in Franchise History

Dec 5, 2024, 05:52 PM

Right-hander Luis Severino has agreed to a three-year, $67 million contract with the Oakland Athletics, according to multiple reports. The deal, which includes a $10 million signing bonus and an opt-out after 2026, is the largest guarantee in the franchise's history, surpassing Eric Chavez's $66 million contract. Severino, who had a big bounce-back season with the Mets in 2024, posting a 3.91 ERA across 182 innings pitched, secured a deal that exceeds market expectations. The Athletics, who are moving from Oakland to Sacramento, made a significant financial commitment to secure Severino, signaling a shift in their spending strategy as they aim to increase their payroll to around $100 million.