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Lucas Giolito Declines $19 Million Mutual Option, Hits Free Agency

Boston now weighs a $22.025 million qualifying offer with only post–fourth-round draft compensation due to its luxury-tax overage.

Overview

  • He will receive a $1.5 million buyout and return to the open market after one season back from elbow surgery.
  • The 2026 club option for $14 million converted to a $19 million mutual option when he surpassed 140 innings, finishing at 145.
  • After an early 2025 slump with an ERA above 6.00 through seven starts, he posted a 2.51 ERA over 111 1/3 innings from June 10 to season’s end.
  • Manager Alex Cora disclosed on Sept. 29 that Giolito had an elbow issue, later identified as flexor irritation and a bone problem, and the team said he was unlikely to return in 2025.
  • If Boston issues the qualifying offer and he signs elsewhere, compensation would be delayed until after the fourth round, and the club is expected to pursue rotation help this winter.