finalized a $55 million, four-year contract on Monday, a backloaded deal that allows him to opt out after the 2026 and ’27 seasons.

Pivetta gets a $3 million signing bonus and salaries of $1 million this year, $19 million in 2026, $14 million in 2027 and $18 million in 2028.

He will have received $23 million if he ends the deal after two seasons and $37 million if he cuts it short after three.

A native of Victoria, who turned 32 on Friday, Pivetta was 6-12 with a 4.14 ERA in 26 starts and one relief appearance last year for Boston. He turned down a $21.05 million qualifying offer from the Red Sox.

Pivetta is 56-71 with a 4.76 ERA in eight major league seasons with the Philadelphia Phillies (2017-20) and Red Sox, who acquired him in an August 2020 trade. His four-seam fastball averaged 93.9 m.p.h. and he threw it 48.6 per cent of the time, mixing it with sweepers (25.7 per cent), curveballs (16.3 per cent), cutters (5.9 per cent) and sliders (3.4 per cent).

With the brothers and wife of late owner Peter Seidler fighting for control of the team, the Padres have had a rather quiet offseason, adding outfielders Jason Heyward and Connor Joe. San Diego was a finalist for Japanese right-hander Roki Sasaki, who signed with the rival Los Angeles Dodgers.

Because Pivetta turned down a qualifying offer, Boston will receive an extra pick before the third round of the amateur draft in July and the Padres will lose their second-highest selection, currently No. 64, along with $500,000 in international signing bonus pool allocation for 2026.