Lucas Giolito‘s protracted 2025-2026 free agency stint has finally ended after signing with the Padres. Per Jon Heyman of the New York Post, Giolito has a $3MM base salary, while Robert Murray of FanSided was the first to report contract escalators up to $8MM. To make room on the 40-man, the Padres announced that righty Bryan Hoeing has been transferred to the 60-day IL. Kevin Acee of the San Diego Union-Tribune reports that Giolito will start with Single-A Lake Elsinore and must be on the Major League roster within the next 25 days. Giolito is represented by CAA Sports.

For Giolito, his second foray into free agency was not nearly as successful as his first. After signing a two-year deal with the Red Sox in the ’23-’24 offseason, Giolito underwent Tommy John early in 2024. He returned to throw 145 innings in 2025, but ERA evaluators like SIERA (4.65) were more bearish on his work than his actual results (3.41). Notably, Giolito’s strikeouts were down from his heyday with the White Sox; he profiled more as a back-of-the-rotation starter than the ace-like upside he flashed from ’19-’21 with Chicago. Despite a solid return to the rotation, Giolito suffered from flexor irritation and a bone issue at the conclusion of the 2025 season; while he was set to return to the club after a short rest, the Red Sox’s early postseason exit meant Giolito had no chance to pitch again before free agency.

Giolito passed on his end of a $19MM mutual option (essentially a formality) with the Red Sox for 2026, and it perhaps came as no surprise that the Red Sox passed on extending Giolito a qualifying offer after the 2025 season due to some lingering injury trepidation. Even without draft pick compensation attached, Giolito has lingered on the free agent market well into April, despite some notable playoff aspirants like the Braves, Cubs, and Padres losing starters in Spring Training and the early season.

For the Padres, the news couldn’t come at a better time. With Yu Darvish out all of 2026 rehabbing, Joe Musgrove backed off his buildup from his Tommy John rehab, and Nick Pivetta resting an elbow strain, the San Diego rotation has precious little depth. Back-of-the-rotation arms like German Marquez, Walker Buehler, and Matt Waldron have offered mixed results. Notably, only seven of the teams’ first twenty-three games have had a starter pitch into the fifth inning, forcing first-year manager Craig Stammen to get creative with his bullpen. While Griffin Canning is on the horizon while working through a Triple-A El Paso rehab, Giolito should (at the very least) bolster the back-end of the Padres’ rotation while they wait for their frontline reinforcements to arrive.

More to come.

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