Phillies Sign Alvarado To Three-Year Contract Extension

Relief Pitcher José Alvarado has signed a three-year contract extension with the Philadelphia Phillies.
Phillies Sign Alvarado To Three-Year Contract Extension
Phillies Sign Alvarado To Three-Year Contract Extension /
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The Philadelphia Phillies have signed left-handed reliever José Alvarado to a three-year contract extension through 2025 with a club option for ‘26, the club announced Friday.

Alvarado had previously agreed to a one-year deal this season for $3.45 million.

The 27-year-old Alvarado was tied for the team lead with 59 appearances in ‘22, posting a 3.18 ERA with 81 strikeouts in 51 innings.

He posted a 0.43 ERA over his final 22 appearances of the regular season, allowing one run in 21 innings. In Alvarado’s two seasons with the Phillies, the Venezuela native is 11-3 with seven saves, a 3.71 ERA and 149 strikeouts in 106 2/3 innings over 123 appearances.

According to Statcast data, Alvarado threw 207 pitches at 100 miles per hour or harder in ‘22, the most among all left-handed pitchers and sixth-most in Major League Baseball. Since pitch tracking began in ‘08, Aroldis Chapman is the only left-hander with more career pitches at 100 mph or more than Alvarado’s 457.

Alvarado allowed a three-run home run to Yordan Alvarez in Game 6 of the World Series against the Houston Astros, but his body of work throughout was rock solid.

According to the Associated Press, Alvarado will earn a $50,000 signing bonus and a $3.45 million salary this year, then receives $9 million in each of the following two seasons. The Phillies have a $9 million option for 2026 with a $500,000 buyout.

The AP also noted that Alvarado's deal calls for a $100,000 bonus for winning the World Series Most Valuable Player or the Mariano Rivera/Trevor Hoffman reliever of the year award, and $50,000 for finishing second or third for the reliever honor. He would earn $50,000 for making the All-Star team, winning an MVP or a Gold Glove.

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Andy Jasner
ANDY JASNER

Andy Jasner is a freelance writer based in the Philadelphia area. Jasner graduated from Syracuse University in 1991 and has worked for newspapers, magazines and websites including CBS SportsLine and ESPN.com. Jasner has written two books -- Baltimore Ravens and Phil Jasner: On The Case. Follow him on Twitter at @AndyJasner.