Jose Alvarado agrees to a three-year contract extension with the Phillies
Jose Alvarado and the Philadelphia Phillies have agreed to a 3-year contract extension through 2025 with a club option for 2026.
Dave Dombrowski has now locked up his two-best relievers to long-term contracts in the last two days. First, it was Seranthony Dominguez signing a cheap two-year extension on Thursday. Now Jose Alvarado gets a multi-year extension after agreeing to a 1-year deal earlier in the week to avoid arbitration meetings.
The Phillies have now agreed to contracts with all of their arbitration-eligible players.
Jose Alvarado’s Contract Details
This deal will be tacked onto his original signing for 2023 of $3M.
Alvarado will make $9M in 2024, $9M in 2025, and a club option of $9M in 2026, with the option of a $500k buyout as well.
After a rough start to the 2022 season, Alvarado returned to the major leagues and was one of the best relievers in baseball from June until the postseason.
Over his final 42 regular season appearances, he posted a 1.66 ERA, striking out 64 batters in 38 innings while walking just 14.
The Phillies have formed one of the most elite bullpens in all of baseball for the upcoming season, and it’ll be on full display in a little over a month. The team kicks off pitchers and catchers in just five days.
2023 Notable Bullpen Pitchers
- Seranthony Dominguez
- Jose Alvarado
- Craig Kimbrel
- Matt Strahm
- Gregory Soto
- Connor Brogdon
- Andrew Bellatti
- Bailey Falter