Athletics Break Spending Record with $67M Severino Deal as Payroll Pressure Mounts
December 20, 2024The Oakland Athletics have made a significant move by signing right-handed pitcher Luis Severino to a three-year, $67 million contract, marking the largest guaranteed deal in the franchise's history.
This contract surpasses the previous record for the team, reflecting a shift in the franchise's spending approach under owner John Fisher, who has historically been known for financial conservatism.
The signing of Severino is part of the A's aggressive strategy in free agency, which also includes a recent trade for pitcher Jeffrey Springs from the Tampa Bay Rays.
The A's are under pressure to increase their payroll to at least $105 million for the upcoming season, following a $70 million revenue-sharing boost, necessitating a payroll increase of nearly 66%.
Currently, with the additions of Severino and pitcher Jeffrey Springs, the Athletics' payroll stands at approximately $89 million, indicating the need for further signings to meet the required threshold.
In the trade for Springs, the A's gave up right-hander Joe Boyle, two minor leaguers, and a draft pick, demonstrating their commitment to enhancing their roster.
General Manager David Forst faces the challenge of attracting talent to a minor league stadium while selling players on the potential of a young core and on-field opportunities.
The Athletics are focusing on building around promising young players like Jacob Wilson and Tyler Soderstrom, while also looking to add experienced players to complement this core.
The team boasts a promising lineup, including Silver Slugger Brent Rooker and 2024 draft pick Nick Kurtz, which could lead to improved performance in the upcoming season.
As the A's transition from Oakland to Sutter Health Park in West Sacramento for the next few seasons, they face challenges in attracting free agents due to the smaller ballpark and temporary conditions.
Severino's decision to join the A's was influenced by financial factors and a positive impression of the team's competitive spirit during their recent performance against the New York Mets.
Forst has acknowledged the need to address potential grievances from the MLB Players Association while emphasizing the team's commitment to improving overall performance.
Summary based on 3 sources
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Sources
Forbes • Dec 20, 2024
The Athletics Are Forced To Spend Like A Contending TeamESPN • Dec 20, 2024
A's courting free agents amid move to minor league park - ESPNESPN • Dec 20, 2024
A's courting free agents amid move to minor league park - ESPN