The Phillies and left-hander Jesús Luzardo have agreed to an extension, according to various reports. He was previously slated for free agency after 2026. It’s reportedly a five-year pact starting in 2027, which guarantees the Roc Nation Sports client $135MM. There is also a $32.5MM club option, though Luzardo can boost that by $2MM with each top five Cy Young finish, giving him a chance to potentially raise it as high as $42.5MM. He will receive a $1MM assignment bonus each time he is traded until he reaches 10-and-5 rights.
Luzardo, 28, was once one of the top pitching prospects in baseball and he has established himself as a legit big league arm in the past few years.