The Mariners and right-hander Luis Castillo are in agreement on a five-year, $108 million contract extension, sources told ESPN’s Jeff Passan.
The contract, which includes a vesting option that could take its total value to $133 million, buys out four years of free agency for the 29-year-old, who has been dominant in eight starts since joining Seattle before the Aug. 2 trade deadline. In 54 innings, Castillo has struck out 64, walked 13 and allowed just five home runs with a 2.83 ERA — even better than the 2.86 ERA he posted in 14 starts with the Cincinnati Reds and a key element in helping push the Mariners to the precipice of their first playoff berth in 21 years.
A two-time All-Star, Castillo will be paid on an annual basis among the upper echelon of pitchers. The deal includes a $7 million signing bonus, a $10 million salary for next season — when he was due to make around $12 million in his final arbitration season before reaching free agency — and annual salaries of $22.75 million from 2024 to ’27.
BREAKING: Right-hander Luis Castillo and the Seattle Mariners are in agreement on a five-year, $108 million contract extension, sources tell ESPN. A sixth-year vesting option can take it to $133 million.
M’s got Castillo at the trade deadline and now lock him up for half-decade.
— Jeff Passan (@JeffPassan) September 24, 2022
La Piedra is staying in Seattle!
We have agreed to a 5-year contract extension with two-time All-Star Luis Castillo, beginning in 2023 and running through 2027 and with both player and club options for 2028. #SeaUsRise
🔗 https://t.co/eficYjYyDN pic.twitter.com/4ndfR2MpyT
— Seattle Mariners (@Mariners) September 24, 2022