Two-time MLB All-Star pitcher Luis Severino and the Athletics have agreed to a three-year deal, according to multiple reports.

The deal is reportedly worth $67 million, which would represent the most lucrative contract in the history of the typically budget-focused franchise.

The deal exceeds the $66 million contract signed by third baseman Eric Chavez for the 2005-10 season.

Severino had a strong 2024 season with the New York Mets, starting in 31 games and posting a 3.91 ERA. He also struck out 161 batters in his first full MLB season since 2018. Severino has struggled with a number of injuries over the last five years.

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New York Mets pitcher Luis Severino walks to the dugout during a game against the Miami Marlins at Citi Field in New York City on August 17, 2024. (Lucas Boland/USA Today Sports)

Severino made his big 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 a major league rotation.

New York Mets pitcher Luis Severino throws a pitch against the Los Angeles Dodgers during Game 3 of the 2024 NLCS at Citi Field in New York City on October 16, 2024. (John Jones-Imagn Images)

Severino, who turns 31 on Feb. 20, was a free agent for the second straight season after going 11-7 in his only season with the Mets. He left the Yankees last offseason to sign a one-year contract with the Mets that guaranteed him $13 million, and he earned an additional $2 million in performance bonuses.

Luis Severino of the New York Yankees throws during the first inning against the Texas Rangers in Arlington, Texas, October 3, 2022. (AP Photo/LM Oter)

Severino is 65-44 with a 3.81 ERA in 156 starts and 16 appearances for the Yankees and Mets.

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Severino rejected 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 A’s lose their third-highest pick.

The Associated Press contributed to this report.

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