After the Mets issued a qualifying offer to Luis Severino at the beginning of the offseason, it appears the right-hander will likely decline in pursuit of a multi-year deal instead, reports The Athletic's Will Sammon.
If that's the case, Severino will be turning down $21.05 million for the 2025 season and New York will receive draft compensation if he signs with a different team.
Severino wasn't the only player the Mets extended the qualifying offer to this offseason as the 30-year-old joined Pete Alonso and Sean Manaea -- both who will more than likely reject the offer as well. However, of the three, it was possible that Severino might've accepted it after an up-and-down campaign and his first fully healthy season in six years.
Signing a one-year, $10 million deal with the Mets last offseason after eight seasons with the Yankees, the right-hander went 11-7 with a 3.91 ERA (1.24 WHIP) in 31 starts spanning 182 innings in 2024 -- his most since 2018.
At his best, Severino showed flashes of the ace-in-making he was set to become in the Bronx where he was selected to two All-Star appearances, including a complete-game shutout against the Miami Marlins on Aug. 17.
Now, he'll look to parlay that into a multi-year deal -- whether in New York or elsewhere -- likely in the two-to-three-year range.