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Phillies Re-Sign Kyle Schwarber on Five-Year, $150 Million Deal as Winter Meetings Recalibrate Market

The deal removes a top bat from the board, prompting suitors to pivot during a fast-moving week in Orlando.

Overview

  • Philadelphia brought back Schwarber on a five-year, $150 million contract, taking a premier power hitter off the market after interest from teams including the Mets, Red Sox, Reds and Pirates.
  • The Dodgers agreed to a three-year, $69 million contract with two-time All-Star closer Edwin Díaz, according to multiple reports.
  • The Mets, who had pursued Schwarber, are turning to rotation help and recently held a Zoom meeting with Michael King, with team leadership hesitant to commit five-plus years to starters.
  • Pete Alonso’s free agency is drawing fresh attention, with reported meetings scheduled with the Red Sox and Orioles as clubs re-evaluate power options post-Schwarber.
  • New York’s broader reset remains underway after trading Brandon Nimmo to the Rangers for Marcus Semien and signing reliever Devin Williams, setting up additional moves during the Meetings.