"Red Sox right-hander Lucas Giolito has declined his end of a $19MM mutual option, reports Alex Speier of the Boston Globe. He'll be paid a $1.5MM buyout and return to the open market in search of a new opportunity. The Red Sox will have the right to make him a $22.025MM qualifying offer, as Giolito has not previously received a QO in his career."
"More to come."
Lucas Giolito declined the Red Sox’s $19 million mutual option and will receive a $1.5 million buyout. He will re-enter the open market as a free agent seeking a new contract. The Red Sox retain the right to extend a $22.025 million qualifying offer to Giolito because he has not previously received a QO in his career. If the Red Sox issue the qualifying offer, Giolito may accept or reject it, which would affect draft-pick compensation. Further roster and contract developments related to Giolito’s status are expected.
Read at MLB Trade Rumors
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