Two-time MLB All-Star pitcher Luis Severino and the Athletics have reached an agreement on a three-year contract, according to multiple reports.
The deal is reportedly worth $67 million, which would represent the most lucrative contract in the history of the typically budget-minded franchise.
The deal exceeds the $66 million contract third baseman Eric Chavez signed for 2005-10.
Severino had a strong 2024 campaign with the New York Mets, starting 31 games and posting a 3.91 ERA. He also struck out 161 batters in what became his first full MLB season since 2018. Severino has battled a number of injuries over the past five years.
New York Mets pitcher Luis Severino walks to the dugout during a game against the Miami Marlins at Citi Field in New York City Aug. 17, 2024. (Lucas Boland/USA Today Sports)
Severino made his big league debut with the New York Yankees in 2015.
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It didn’t take long for the veteran right-hander to find success at the MLB level. He recorded 230 strikeouts and was named to the All-Star team in 2017, his first full season in a big league rotation.
New York Mets pitcher Luis Severino throws a pitch against the Los Angeles Dodgers during Game 3 of the 2024 NLCS at Citi Field in New York City Oct. 16, 2024. (John Jones-Imagn Images)
Severino, who turns 31 Feb. 20, was a free agent for the second straight offseason after going 11-7 in his only season with the Mets. He left the Yankees last offseason to sign a one-year deal with the Mets guaranteeing $13 million, and he earned an additional $2 million in performance bonuses.
The New York Yankees’ Luis Severino throws during the first inning against the Texas Rangers in Arlington, Texas, Oct. 3, 2022. (AP Photo/LM Oter)
Severino is 65-44 with a 3.81 ERA in 156 starts and 16 relief appearances for the Yankees and Mets.
Severino turned down a $21.05 million qualifying offer from the Mets, who will receive an extra pick after the fourth round of next July’s amateur draft. The A’s will forfeit their third-highest selection.
The Associated Press contributed to this report.
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