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 make it the most lucrative deal in the typically budget-minded franchise's history.
The contract exceeds the $66 million contract third baseman Eric Chavez signed from 2005 to 2010.
Severino had a successful 2024 season with the New York Mets, starting 31 games and posting a 3.91 ERA. He also struck out 161 batters in this season, his first full MLB season since 2018. Severino has battled a number of injuries over the past five years.
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New York Mets pitcher Luis Severino heads to the dugout during a game against the Miami Marlins at Citi Field on August 17, 2024 in New York City. (Lucas Borland/USA Today Sports)
Severino made his major 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 the major league rotation.
New York Mets pitcher Luis Severino pitches against the Los Angeles Dodgers during Game 3 of the 2024 NLCS at Citi Field on October 16, 2024 in New York City. (Jon Jones-Imagine Images)
Severino, who turns 31 on February 20, became 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 and signed a one-year contract with the Mets with $13 million guaranteed and an additional $2 million in performance bonuses.
Luis Severino of the New York Yankees pitches in the bottom of the first inning against the Texas Rangers on October 3, 2022 in Arlington, Texas. (AP Photo/LM Otel)
Severino started 156 games and appeared in relief 16 times for the Yankees and Mets, posting a 65-44 record with a 3.81 ERA.
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Severino turned down a $21.05 million qualifying offer from the Mets, who will receive an additional pick after the fourth round of next July's amateur draft. The Athletics will be stripped of their third-highest selection.
The Associated Press contributed to this report.
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