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Phillies, Zack Wheeler Have Opened Extension Talks

By Anthony Franco | February 14, 2024 at 9:48pm CDT

The Phillies have begun extension discussions with Zack Wheeler’s camp at Wasserman, the star righty told reporters (link via Matt Gelb of the Athletic). Talks are in the early stages and there’s no indication a deal is imminent.

Philadelphia has made no secret of its desire to retain Wheeler beyond the 2024 season. MLB.com’s Todd Zolecki wrote in December the Phils considered an extension a priority. President of baseball operations Dave Dombrowski went on record to confirm that last week.

Wheeler, who turns 34 in May, is entering the final season of a five-year free agent contract. The club’s $118MM investment over the 2019-20 offseason has been one of the best free agent acquisitions of the past few years. Wheeler has turned in a 3.06 ERA over his first four seasons in Philadelphia. He has appeared on Cy Young ballots in three of them, including a runner-up finish in 2021. Only Gerrit Cole, Sandy Alcántara and teammate Aaron Nola have thrown more innings since the start of 2020.

The former #6 overall pick didn’t show many signs of slowing down a year ago. Wheeler took a full slate of 32 starts and worked 192 innings. While his 3.61 ERA was his highest as a Phillie, that partially reflects a spike in offense around the league. Wheeler’s 26.9% strikeout rate matches his prior season’s output. He walked only 5% of opponents and finished 13th in MLB in innings. Wheeler induced swinging strikes on a career-best 13.3% of his offerings and averaged a robust 95.9 MPH on his four-seam fastball.

Wheeler is under contract for $23.5MM for the upcoming season. An extension would surely come with larger annual salaries for 2025 and beyond. Long-term extensions for pitchers covering their mid-30s are rare, as one might imagine. Over the past five seasons, the only starter to sign an extension covering at least three years at age 33 or older is Yu Darvish. Last February, the Padres inked Darvish to a surprising five-year, $90MM pact covering his age 37-41 seasons.

That’s not a great comparison point for Wheeler, who is three years younger than the San Diego righty was at the time. An extension would take effect in his age-35 campaign. As shown on MLBTR’s Contract Tracker, two pitchers — Max Scherzer and former teammate Jacob deGrom — have secured nine-figure free agent deals at that age. deGrom landed a five-year, $185MM guarantee from the Rangers at 35 last winter. Scherzer secured a three-year, $130MM pact from the Mets covering his age 37-39 campaigns in November ’21. The $43.333MM average annual value was a record at the time; it’s now tied for second after being matched by Justin Verlander and topped by Shohei Ohtani.

Wheeler hasn’t matched the levels of dominance turned in by deGrom and Scherzer at their best. He has a far better durability track record than deGrom, though, and he’s a couple years younger than Scherzer was when he signed with New York. Those pitchers had the benefit of open market bidding. Wheeler won’t have that in extension talks with Philadelphia, but it’d very likely take something approaching free agent prices for him to sign early.

“I just want to be paid [based on] how I’ve done, what they expect out of me,” he told reporters (including Scott Lauber of the Philadelphia Inquirer). “It’s not all about the money to me, either. I took less to come here and be in a good spot and be happy and for my family to be happy. I do want — what’s the right word? — I want what I feel like I’ve earned. … Market value. There you go.”

Wheeler has a solid case for a four-year deal that pushes well into nine figures. He has a better track record than the likes of Sonny Gray and Chris Bassitt, each of whom secured three-year deals covering their age 34-36 campaigns. Gray landed $75MM from the Cardinals this winter, while Bassitt inked a $63MM pact with the Blue Jays a year ago.

The Phillies haven’t been shy about making long-term commitments, although they don’t have anyone making more than $28MM annually. Each of Trea Turner, Bryce Harper, Nola, J.T. Realmuto, Nick Castellanos, Kyle Schwarber and Taijuan Walker are on the books for at least $18MM per season beyond next year. The deals for Turner, Harper, Nola, Castellanos and Walker stretch at least into 2026.

Roster Resource projects the organization’s 2025 payroll around $171MM; they’re at approximately $187MM in luxury tax obligations. The base tax threshold for the ’25 season will be $241MM. A Wheeler extension would likely push their tax number past $215MM, potentially north of $220MM. They’re set to exceed the threshold for a third straight season in 2024, so they’d be subject to the maximum penalties for repeat payors in ’25 and beyond. That hasn’t been a stumbling block for owner John Middleton in recent years. A Wheeler extension would all but ensure they’d pay the CBT for at least a fourth consecutive season in 2025.

There doesn’t seem to be a firm deadline for a deal to get done. Wheeler suggested he’d be amenable to continuing talks beyond Opening Day but noted he’s taking a “hands-off” approach to negotiations between the team and his agents.

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88 Comments

  1. CardsFan57

    1 year ago

    This is more important for the Phillies than picking up a free agent in my opinion.

    12
    Reply
    • acoss13

      1 year ago

      I agree, Wheeler has proven to be durable, effective during the regular season and has performed in the playoffs. He’s a keeper.

      8
      Reply
      • case

        1 year ago

        Something really clicked when he joined the Phillies. Either they have some great pitching coaches and he really matured as a player or the Phillies have some excellent proprietary blends of sticky substances that are currently legal.

        3
        Reply
        • Bart Harley Jarvis

          1 year ago

          Let’s go with Option 1. Cynicism is lazy, and isn’t as clever as you think.

          4
          Reply
        • case

          1 year ago

          Bumper sticker wisdom is lazy, and isn’t as clever as you think.

          2
          Reply
        • VonPurpleHayes

          1 year ago

          This was a no-brainer. He was. poised for excellence. He had great stuff on the Mets, but ran into injury issues and also had trouble late in games. A lot of teams saw his potential. I’m not at all surprised that he turned into an ace. The pedigree was there.

          5
          Reply
        • Bart Harley Jarvis

          1 year ago

          Says the lazy cynic.

          Reply
        • Rob Schumann

          1 year ago

          Or he just finally stayed healthy.

          1
          Reply
    • User 401527550

      1 year ago

      While that probably true, free agency is how they got Wheeler in the first place. The market is loaded with top arms next year.

      Reply
  2. ham77

    1 year ago

    4/$112M

    1
    Reply
    • Captain Dunsel

      1 year ago

      That’s at least 20M shy.

      1
      Reply
    • MLB Top 100 Commenter

      1 year ago

      I was thinking five years $170 million

      5
      Reply
    • User 4014041831

      1 year ago

      5 for $145 maybe. I think PHI might want to move Schwarber and Castellanos sooner than latter. Have to include some $ in trade.Both or at least 1. Offense decline and defense negative and clog up DH spot.

      Reply
      • philliesphan77

        1 year ago

        I’d be fine with them shipping Nicky C off tbh

        Reply
  3. The Saber-toothed Superfife

    1 year ago

    Turned out to be a really great player, didn’t he?

    9
    Reply
  4. Blackpink in the area

    1 year ago

    Market value lol. This isn’t the 70s. You are getting paid an insane amount of money I don’t know why it’s important to get every last dollar I really dont.

    2
    Reply
    • Blue Baron

      1 year ago

      Why do you begrudge players any amount of money?

      2
      Reply
      • Blackpink in the area

        1 year ago

        What?

        2
        Reply
        • Blue Baron

          1 year ago

          Why shouldn’t players get what they can? It can help others who come after them.

          If it shouldn’t be important for players to get every last dollar, why should it be important for owners to keep every last dollar? That’s the flip side of your argument.

          1
          Reply
        • MLB Top 100 Commenter

          1 year ago

          You can both be correct.

          If he will be happier in Philadelphia at 5 years $170 million then he would be in New York for 5 years and $180 million, he should do what makes him and his family happy.

          But if it makes him happy to get every last dollar, then why not, as you point out it may help future players and he can always donate the surplus to the charity of his choice, rather than leaving it in the owner’s bank account.

          2
          Reply
        • Blackpink in the area

          1 year ago

          It doesn’t have to go into the owners pockets. It could lead to cheaper tickets which would lead to more people enjoying baseball.

          This whole “help those that come after you” is total nonsense. Like I said this isn’t the 70s. The salaries are insane.

          1
          Reply
        • Blackpink in the area

          1 year ago

          Why would it make him happy to get every last dollar? Why would that provide happiness?

          Reply
        • Blue Baron

          1 year ago

          You’re incredibly naive to think anything would lead to cheaper tickets. Owners will always charge as much as possible and just keep more of it in their pockets.

          2
          Reply
        • Blackpink in the area

          1 year ago

          Less and less people are going to games. Face value in tickets has been a joke for a good 15 years. The math isn’t mathing anymore.

          2
          Reply
        • MLB Top 100 Commenter

          1 year ago

          While ticket prices have risen faster than inflation, there does not appear to be a significant correlation between that price increase and attendance.

          baseball-reference.com/leagues/majors/misc.shtml

          bookies.com/mlb/picks/cost-attend-mlb-game-2023

          econlife.com/2022/07/baseball-game-prices/

          1
          Reply
        • Blue Baron

          1 year ago

          It’s matching well enough to be profitable and enable the owners to afford to offer the players contracts for these “insane” salaries.

          Don’t cry for the poor, destitute owners, blackpink. They know what they’re doing and making plenty of money doing it.

          It’s basic economics that sellers of a product with limited supply can and will charge the highest possible price to maximize profits.

          Name a product you consume for which prices have been lowered because sellers’ labor costs have decreased.

          I’ll wait. And wait. And wait. And wait. And wait. And wait. And wait. And wait.

          Reply
        • Blackpink in the area

          1 year ago

          Ticket prices have increased as salaries have increased. To act as if the 2 things aren’t linked is wrong.

          What do Dodger tickets cost? What do Pirate tickets cost? 2 entirely different amounts and a big reason why is players salaries.

          1
          Reply
        • Blue Baron

          1 year ago

          Where did I say that hasn’t happened?

          My point is that even in the extremely unlikely event that player compensation decreases, ticket and concession prices wouldn’t also decrease.

          And I’m still waiting for you to name a product whose price has decreased.

          Reply
        • User 3180623956

          1 year ago

          The two aren’t related. Ticket prices are tied to supply and demand and what the market is willing to pay. The BILLIONAIRE owners are the ones to blame here.

          Reply
        • Blue Baron

          1 year ago

          Why does anyone need to be blamed?

          You just said that ticket prices are tied to supply and demand. That’s the free market and not anyone’s fault.

          Reply
        • VonPurpleHayes

          1 year ago

          Ticket prices and player salaries aren’t correlated. It’s interesting that fans tie them together.

          2
          Reply
        • CleaverGreene

          1 year ago

          The flip side is Luxury taxes, keeping a good team together for the fans and the draft penalties.

          Reply
        • User 401527550

          1 year ago

          Over 70 million people go to games a year. Acting like people aren’t showing up is just not factual.

          1
          Reply
        • Blackpink in the area

          1 year ago

          Fast food. When McDonald’s came along they created a system that kept employee cost down. That led to McDonald’s being able to charge less than it’s competitors and dominate the industry for years.

          Reply
        • Blue Baron

          1 year ago

          @Blackpink: That wasn’t the question.

          Taking McDonald’s as an example, prices for its products have risen over time due to inflation and other factors, just like MLB player salaries and prices of gas, milk, eggs, beer, beef, chicken, fish, and even tea in China.

          None of the providers of these products have lowered prices due to changes in labor costs.

          Still waiting, lol.

          Reply
        • Blackpink in the area

          1 year ago

          McDonald’s raised prices because they thought they could get away with it. They are now in the process of realizing they were wrong about that.

          Reply
        • Blue Baron

          1 year ago

          Every supplier in any market raises prices as high as that market will bear. It’s rational behavior.

          That was my original point.

          Reply
        • MLB Top 100 Commenter

          1 year ago

          Using strict definitions, there is correlation but not causation.

          2
          Reply
        • User 3180623956

          1 year ago

          @blue b- because the owners don’t have to charge more just because the demand is there. They could keep prices reasonable so any family could afford to go to the games.

          Reply
        • Blue Baron

          1 year ago

          But why would or should they do that when plenty of people are buying tickets and concessions at current price points?

          They don’t owe anything to anyone.

          Reply
        • User 3180623956

          1 year ago

          To be decent human beings maybe?

          Why do people feel the need to maximize every possible penny when they already have more money for a thousand lifetimes? That line of thinking has contributed greatly to the awful things happening in the world.

          Reply
        • Blue Baron

          1 year ago

          Why do you expect people running businesses to give you handouts?

          Would you like to have your pay at work cut for the company to lower its prices to consumers?

          Reply
        • User 401527550

          1 year ago

          A decent human being doesn’t decide what’s best for someone else like you are trying to do.

          Reply
        • Blue Baron

          1 year ago

          I was just questioning his reasoning.

          But hey, thanks but no thanks for putting me on the defensive for no reason.

          Reply
        • Rob Schumann

          1 year ago

          No it is not. I am so tired of the “if the players don’t get it the owners do” argument. It is very wrong. What happens when a team signs a $30m AAV player? That’s right prices go up. The owners get theirs regardless. What happens when players keep raising already insane salaries is that fans pay more. Your argument should be “if the players don’t get it the fans keep it.” Besides A list movie star what other profession pays as well as professional sports. Heck 100 years ago Babe Ruth first made more than the president. Now several players make 100 times what the president does.

          Reply
        • Rob Schumann

          1 year ago

          Let’s not forget the billionaire owners are shelling out billions to buy the team. Like any investment they would like a return. You can call them greedy all you want but they are the only ones with skin in the game. Now if you want to talk about taxpayers who don’t even care about baseball paying for stadiums and paying higher cable prices because the local team just signed a new media deal then I think you will touch on the real problem with sports high cost.

          Reply
        • Blue Baron

          1 year ago

          @Rob Schumann: But the players don’t raise or pay their own salaries. The owners agree to the contracts and pay the salaries.

          The fact is that fans pay higher prices for tickets and concessions if they choose to attend games.

          MLB as an industry has experienced significant revenue growth in recent decades, and the players, who are the few capable of performing at an elite level and without whom there would be no game and no revenue, are getting their fair share of what they produce.

          Why do you have a problem with that?

          As for the poor, destitute owners, don’t worry about them getting return on their investments, they’re doing fine as franchise values keep growing.

          If they couldn’t afford the players’ salaries at current levels, they wouldn’t offer the contracts.

          And as for stars of earlier generations like Ruth, he and others were actually underpaid and exploited by the owners because the reserve clause and system illegally restrained them from becoming free agents and selling their services to the teams of THEIR choice, whether the highest bidder, location of choice, or other factors.

          Reply
    • kylegocougs

      1 year ago

      Why is it important for the owners to keep every last dollar?

      2
      Reply
    • filihok

      1 year ago

      Bpita

      As Kyle said why do you think the owners don’t just give money away?

      Some poor people don’t understand why you don’t give not to charity. You make more than they will in their lifetimes

      Also, contracts are used as comps for other players. A player taking a below market deal is costing other players money

      1
      Reply
      • Blackpink in the area

        1 year ago

        Who is to say what is below market? That’s a matter of opinion. If there are 10 different opinions then who is right?

        It’s just a stupid thing for a player to say.

        Reply
        • filihok

          1 year ago

          Bpita

          Yes, who can say if a banana that costs $10 is over or underpriced? It’s a complete mystery

          Reply
        • Blackpink in the area

          1 year ago

          I buy and sell things for a living on ebay. If I list an item and it sells in 5 minutes it’s underpriced. If I list an item and it’s still listed a year later it’s overpriced. The consumer determines the prices not me it’s my job to know what the consumer is willing to pay.

          Baseball attendance has been in decline for years. My team the Cardinals provides phony ticket sales numbers to make it appear that its as popular as ever but attendance has been declining for years.

          Last time you went to a game did you pay face value for your tickets? Did you even pay for your tickets? Be honest.

          Reply
        • filihok

          1 year ago

          Bpita

          “If I list an item and it sells in 5 minutes it’s underpriced. If I list an item and it’s still listed a year later it’s overpriced.”

          Perhaps, this is true for the type of items you are settling. It’s not true for all times.

          It’s not true für baseball players, for example.

          Fewer ticket prices being sold doesn’t mean baseball is dying. People are watching games online instead of in person.

          If fans weren’t spending on baseball teams wouldn’t be worth billions of dollars

          Reply
        • Blue Baron

          1 year ago

          @Blackpink: Objectively, the market price is the highest offer.

          Reply
        • Blackpink in the area

          1 year ago

          Less people are watching baseball that’s not an opinion. Young people don’t care.

          The valuation of franchises just like these TV contracts are a house of cards.

          Reply
    • JoeBrady

      1 year ago

      I agree. I’ve turned more money twice and never thought twice about it. Wheeler has the luxury of never again worrying about money. That should guide his thought process.

      Reply
      • Blackpink in the area

        1 year ago

        And Joe for normal people like me and you thst extra money might actually matter. Making 80k instead of 70k could mean a lot. But what on earth is the difference between 120 and 130 million?

        Reply
  5. HEHEHATE

    1 year ago

    Hope he breaks the bank. Guys proven every naysayer and doubter wrong and then some.

    3
    Reply
  6. SportCards

    1 year ago

    He is 34 the Phillies probably shouldn’t give him more than 4 years otherwise there most likely will be some bad years towards the end.

    4
    Reply
    • mlb fan

      1 year ago

      If both sides remain reasonable 4 is the appropriate number for the excellent job Wheelers done and for what he’s likely to do moving forward. I think 4/115-120M is a very strong offer and allows Wheeler to mitigate some risk(and stress) of injury in his walk year.

      3
      Reply
    • Tigers3232

      1 year ago

      If they can lower overall AAV by adding a 5th yr or an option with a buyout it might mot be bad. I agree though after 4 yrs seems any additional have a strong likelihood of not being all that great.

      4
      Reply
    • filihok

      1 year ago

      SC

      It’s fine to have some “bad year” at the end

      5/$105 is much better for the team than 4/$100. For example.

      Reply
  7. RunDMC

    1 year ago

    Isn’t “paid for what you’ve done” and being paid market value two completely different things? So you want to be overpaid, but as we’re seeing from Snell/Montgomery still having not been signed, teams are reluctant to pay market price for TOR pitching. He wants what PHI saved in re-signing Nola.

    Reply
    • cpdpoet

      1 year ago

      Had to read that line twice myself and I haven’t had any cocktails….yet

      Unlike the other two p’s available, he’s shown the ability to go deep into games on a consistent basis. And Philly has seen him and his medical records blossom over the past few years.
      My hope is this gets done before the end of ST.

      5
      Reply
      • RunDMC

        1 year ago

        My hope is that PHI doesn’t get it done and he goes to FA, like Nola, and ATL makes an offer to possibly see him end his career back home, against the fightin’ Phils.

        Reply
  8. Yanks4life22

    1 year ago

    GD Wheelers going to be 34?!?!? When the crap did that happen. If he’s 34 that means I’m not 20 anymore

    3
    Reply
    • CravenMoorehead

      1 year ago

      Hahaha time for Centrum Silver and prune juice 🙂

      2
      Reply
      • Yanks4life22

        1 year ago

        I guess I should start picking out what color new balance tennis shoes I want lol

        1
        Reply
        • CravenMoorehead

          1 year ago

          Get them velcro ones and flex on all the haters

          1
          Reply
    • Blue Baron

      1 year ago

      @Yanks4life22: Newsflash – Nobody 21 or older is 20 anymore.

      Time and life march on with or without each of us. Get used to it.

      Reply
  9. bjhaas1977

    1 year ago

    Don’t do it Zack!

    Reply
  10. TrillionaireTeamOperator

    1 year ago

    3 years/$135M to 5 years/$180M in today’s market, but more reasonably 3 years/100M to 4 years/$130M etc.

    Bottom line is: He’s probably worth $32.5M to $45M a year for 3-4 years, 5 years if he takes a lowered AAV.

    Bottom line is that he inadvertently gave them a discount on that first deal and has earned that truly A-list salary.

    Reply
    • cwsOverhaul

      1 year ago

      No rush. Both sides can see how the Snell and Montgomery deals turn out as far as what the current market is for front line starters…..and adjust for higher age.

      1
      Reply
  11. Bob Evans down on UR mom

    1 year ago

    Get it done!

    Reply
  12. mro940

    1 year ago

    A rare 9-figure deal for a pitcher that’s been “worth it” so far–kinda incredible

    1
    Reply
  13. jonb-4

    1 year ago

    big mistake by Mets letting Zack walk sometimes you gotta pay the man.

    2
    Reply
  14. TheFuzzofKing

    1 year ago

    It’s been tough watching the Phils lock up some legendary names who used to play for division rivals, especially Bryce, but it’s going to be great in a few years when these guys age into untradeable decrepitude.

    Reply
  15. Heels On The Field

    1 year ago

    Four years, one hundred forty million.

    1
    Reply
    • JackStrawb

      1 year ago

      Sheesh! Exactly what I just wrote, albeit as the minimum.

      Reply
  16. bravesnation nc

    1 year ago

    Get thru the season and come on back home to Georgia! Chop on!

    1
    Reply
    • Blue Baron

      1 year ago

      You don’t realize how closely the chop done by hand resembles the Germans saluting Hitler, do you? It’s only different by a half-turn of the hand.

      Disgusting.

      Reply
  17. Captainmike1

    1 year ago

    He has made over 100 million in his career so he should be a team player and give the Phillies a team friendly contract so they can acquire more talent in the future
    Only a small percentage of the global population have made the kind of money he has made
    Mentally balanced people do not see the need to make more than what he has made unless they plan to start a charity

    Reply
    • Blue Baron

      1 year ago

      You needn’t worry about the mental balance of anyone capable of athletic performance at the highest professional levels.

      And who are you to dictate anyone else’s financial decisions?

      1
      Reply
  18. JackStrawb

    1 year ago

    Worth 60% more than Gray during 2021–2023, and Gray made 3/75m.

    Surely 4/140m is the least Wheeler will pocket. 10m more a year, for an extra year. That has to be the starting place, doesn’t it?

    1
    Reply
  19. DrCox

    1 year ago

    Top5 Pitcher imo.

    1
    Reply
  20. Phillls

    1 year ago

    Funniest part is remembering how many fans were all upset and screaming when the Phillies signed Wheeler instead of Madison Bumgartner

    Reply
  21. DrCox

    1 year ago

    2.42 ERA and 0.73 WHIP in 11 Playoff Games….

    Reply
  22. The Virus

    1 year ago

    4 years $120 million? Prob a little on the light end I’m guessing.

    Reply

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    Phillies Claim Ryan Cusick, Designate Kyle Tyler

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