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Phillies Weigh Four-Year, $125 Million Extension for Kyle Schwarber

Schwarber’s MVP-caliber performance has fueled discussions over a four-year, $125 million deal ahead of his free agency

PHILADELPHIA, PENNSYLVANIA - AUGUST 4: Kyle Schwarber #12 of the Philadelphia Phillies rounds the bases on his two-run home run in the third inning against the Baltimore Orioles at Citizens Bank Park on August 4, 2025 in Philadelphia, Pennsylvania.
PHILADELPHIA, PENNSYLVANIA - AUGUST 4: Kyle Schwarber #12 of the Philadelphia Phillies rounds the bases on his grand slam in the sixth inning against the Baltimore Orioles at Citizens Bank Park on August 4, 2025 in Philadelphia, Pennsylvania.
PHILADELPHIA, PENNSYLVANIA - JULY 19: Kyle Schwarber #12 of the Philadelphia Phillies salutes the crowd after hitting a grand slam in the bottom of the sixth inning against the Los Angeles Angels at Citizens Bank Park on July 19, 2025 in Philadelphia, Pennsylvania. (Photo by Mitchell Leff/Getty Images)
WASHINGTON, DC - APRIL 06: J.T. Realmuto #10 of the Philadelphia Phillies looks on in the dugout before a game against the Washington Nationals at Nationals Park on April 06, 2024 in Washington, DC. (Photo by Jess Rapfogel/Getty Images)

Overview

  • Schwarber leads the National League with 40 home runs through 114 games and ranks among the MVP frontrunners.
  • MLB Trade Rumors projects a four-year extension at about $31.25 million per year would keep him in Philadelphia.
  • Former Marlins executive David Samson predicts Schwarber may command close to $300 million on the open market.
  • ESPN’s Buster Olney reports Schwarber could prefer playing near his Midwest roots when he tests free agency.
  • Philadelphia’s projected $185 million competitive balance tax payroll offers room for a roughly $30 million average annual value deal.