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Phillies Weigh Four-Year, $125 Million Kyle Schwarber Extension Against Mounting Free-Agent Demand

With his MVP-caliber season driving free-agent projections toward $300 million, the Phillies are evaluating a four-year, $125 million extension.

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 has produced career-best offensive metrics, reached a 4 WAR season and leads the National League with 40 home runs through 114 games.
  • MLB Trade Rumors projects that a four-year, $125 million deal at $31.25 million per year would likely keep him off the free-agent market.
  • Former Miami Marlins executive David Samson predicted Schwarber could seek nearly $300 million in free agency.
  • Philadelphia currently projects a $185 million competitive-balance-tax payroll but could clear room from expiring contracts for JT Realmuto, Ranger Suarez and Jordan Romano.
  • As a contingency, the team is exploring an offseason trade for Orioles catcher Adley Rutschman if key veterans depart.