Report: Phillies re-sign Schwarber to 5-year, $150M deal
The Philadelphia Phillies re-signed slugger Kyle Schwarber to a five-year, $150-million deal, sources told ESPN's Jeff Passan.
Schwarber, one of the top players available in free agency, returns to the Phillies after spending the past four seasons with the club.
The 32-year-old has hit 187 homers since joining Philadelphia, including an NL-leading 56 in 2025. He finished second in National League MVP voting behind Shohei Ohtani last season after earning his third All-Star Game appearance and leading his league with 132 RBIs.
Schwarber was also connected to the Baltimore Orioles, Boston Red Sox, Cincinnati Reds, New York Mets, and Pittsburgh Pirates this winter. The Pirates reportedly offered him a four-year deal in the $120-million range.
The Orioles also made a strong push, while the Reds didn't meet the financial demands that other teams offered, sources told Passan.
The Phillies have made the postseason in each of the four seasons Schwarber has played for them and won the NL pennant in 2022.
They were eliminated by the Los Angeles Dodgers in last year's NLDS after finishing the regular season atop the NL East with 96 wins.
Philadelphia will return most of its 2025 club next season, although catcher J.T. Realmuto and outfielder Harrison Bader remain free agents. Outfielder Nick Castellanos is also on the trade block.