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Athletics, Severino agree to reported franchise record-setting deal

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NBC Universal, Inc. Former A’s manager Tony La Russa speaks to NBC Sports California’s Sheng Peng to discuss the Athletics’ relocation to Las Vegas and shares some memories of the Oakland Coliseum.

The Athletics aren't just making moves with their team relocation, they're taking action with their roster ahead of the 2025 MLB season.

The team agreed to a three-year contract with right-handed pitcher Luis Severino, as it officially announced in a press release Friday morning. The third year is a player option for the 2027 season.

ESPN's Jeff Passan first reported the news Thursday, citing sources, adding that the deal is worth $67 million.

The Athletics will hold an introductory press conference for Severino at 2 p.m. PT on Friday in Sacramento. NBC Sports California will stream it live.

The deal is the largest free-agent contract in Athletics franchise history, per Passan, and it included a $10 million signing bonus and opt-out clause following the second season.

Severino, 30, spent the 2024 season with the New York Mets following a nine-year career with the New York Yankees. He held an 11-7 regular-season record last season and started three playoff games for the Mets. In 182 innings over 31 starts -- his most since 2018 -- he posted a 3.91 ERA and 1.24 WHIP.

He was a key part of the Mets' rotation all 2024, and valuable throughout the postseason, pitching 16.2 innings and giving up six earned runs.

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New York extended Severino a one-year, $21.05 million qualifying offer. He rejected it, and the Athletics, who went into the offseason seeking pitching, per Passan, came calling.

In signing Severino, the Athletics forfeit their third-highest pick in the 2025 draft, Passan added, but intend to bump their payroll into the $100 million range. Since the Mets exceeded the competitive-balance-tax threshold last season, they will receive a compensation pick after the fourth round worth just over $500,000 in draft bonus-pool money, per Passan.

There is a lot of change ahead for the Athletics, and adding Severino into the mix is proof of just that.

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