Report: Phillies, Luzardo agree to 5-year, $135M extension
The Philadelphia Phillies and left-hander Jesús Luzardo agreed to a five-year, $135-million contract extension, sources told Jeff Passan of ESPN.
Luzardo's pact includes a $32.5-million team option and a $2-million escalator for every year he finishes top five in Cy Young voting, maxing out at $42.5 million, according to Robert Murray of FanSided.
Luzardo, who could've tested free agency following the 2026 season, will have his new deal start in 2027.
The 28-year-old's $27-million AAV will put him among the highest-paid southpaws in baseball.
$27M AAV for Luzardo
— Jon Heyman (@JonHeyman) March 9, 2026
Top lefty AAVs in game
Framber ($38.33M)
Snell ($30.01 NPV Union Calculation)
Crochet ($28.33M)
Fried ($27.25M)
Luzardo ($27M)/Sale ($27M)
The pitcher also gets a $1-million assignment bonus each time he's traded until he reaches his 10-and-5 rights, reports Jon Heyman of MLB Network.
Luzardo went 15-7 with a 3.92 ERA, 2.90 FIP, and 10.6 K/9 over a career-high 183 2/3 innings (32 starts) en route to finishing seventh in 2025 NL Cy Young voting.
He came over to the Phillies in a December 2024 trade with the Miami Marlins.