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Giolito to the BoSox, per reports

Lucas Giolito is reportedly headed to Boston on a two year, $38.5 million deal

Chicago White Sox v Boston Red Sox Photo by Kathryn Riley/Getty Images

The Boston Red Sox and free agent pitcher Lucas Giolito have agreed to terms on a two year, $38.5 million deal, per multiple reports.

This is a rather impressive haul for Giolito — even moreso given that he has an opt out after 2024. Giolito receives $18 million for 2024, gets a $1 million buyout if he opts out, receives a $19 million salary for 2025, and has a $1.5 million buyout on either a $14 million 2026 club option (if he throws less than 140 innings in 2025) or a $19 million mutual option.

The 29 year old Giolito has put up a 4.89 ERA and 4.70 FIP over the past two seasons, though he has logged 346 innings over 63 starts in that time. Giolito had a 3.79 ERA for the White Sox prior to being traded at the deadline, but then put up a 6.89 ERA in six starts for the Los Angeles Angels. After the Angels put Giolito on waivers and saw him claimed by the Cleveland Guardians, Giolito put up a 7.04 ERA in six starts for Cleveland.

There is definitely upside with Giolito, who had a 5.5 bWAR season in 2019 and put up a 4.3 bWAR in 2021. He was on pace for another 4 win season prior to being traded last year, at which point things went off the rails for him. He also has a track record for being able to make starts and log innings, which has value.