Phillies Re-Sign Kyle Schwarber

The Phillies are bringing him back. Slugger Kyle Schwarber has returned to the Phils on a five-year contract, the team announced. It’s reportedly a $150MM guarantee that pays the Excel Sports Management client an even $30MM per season. The Phils had multiple 40-man vacancies and didn’t need to make a corresponding move.

The deal is a testament to Schwarber’s elite talents as it sets new precedents in a few different ways. Schwarber is primarily a designated hitter, having played the outfield just 13 times combined over the past two years. He is also turning 33 years old in March.

Those are both qualities which tend to tamp down a player’s earning power. As shown in MLBTR’s Contract Tracker, the biggest guarantee for any free agent age-33 or older was Josh Donaldson’s $92MM deal with the Twins, which was signed when he was still a capable third baseman. Pure designated hitters also tend not to get paid. Per the Contract Tracker, Shohei Ohtani is the only free agent DH to get to nine figures. He was obviously a special case as a two-way player and superstar. J.D Martinez signed a five-year, $110MM deal with the Red Sox in 2018. He was still an outfielder at the time but did become more of a DH over the course of that pact.

Schwarber himself has proved to be a special case, as he just keeps getting better at the plate. He has always been a guy who strikes out and walks a lot, with notable power mixed in. From 2017 to 2021, he was generally good for about 30 home runs per year. He got to 38 in 2019, but that was the year with the juiced balls.

Over the past four years, Schwarber has never finished with fewer than 38 long balls. He’s reached 46 in three of those four. In 2025, he set a new personal best with 56. He has also erased his previous platoon issues. In 2024, he slashed .300/.407/.490 for a 152 wRC+ against lefties, compared to a .218/.342/.482 line and 124 wRC+ otherwise. In 2025, those lines were .252/.366/.598 and .232/.364/.541 for respective wRC+ numbers of 162 and 146.

On top of the statistics, Schwarber has received praise for his leadership and clubhouse presence during his time with the Phillies. They clearly wanted to bring him back but plenty of other teams were interested as well. The Mets, Pirates, Reds, Red Sox, Orioles and Giants were all connected to him in recent weeks. The Bucs even reportedly made an offer of four-years and $120MM, a very bold gesture for a club that has never signed a free agent for more than $39MM.

But amid all that interest from other clubs, it always seemed like the safe bet would be Schwarber returning to Philadelphia. He was clearly beloved in the city and in the clubhouse. The Phils have a number of other needs but they have been aggressive spenders in recent years and it seemed like they would likely top whatever deal Schwarber got elsewhere. They have done so and, as mentioned, set new benchmarks for free agent deals for a hitter this age or a designated hitter of any age. MLBTR predicted he could secure a five-year, $135MM deal. He got those five years but did a bit better than predicted in terms of the average annual value.

Per RosterResource, the deal brings the Phils up to a payroll of $270MM and a competitive balance tax figure of $289MM. At the end of 2025, those numbers were $291MM and $314MM. If they plan on getting to a similar spot in 2026, they have about $20MM left to play with.

They still have a few things on the to-do list. In addition to Schwarber, they also want to bring back catcher J.T. Realmuto, who also became a free agent at the end of the 2025 season. Remaking the outfield and adding to the pitching staff are also on the agenda. $20MM wouldn’t be a ton to do all of that, so perhaps they will be willing to raise the payroll again, though they could also try to accomplish a few things on the trade market.

For the other teams, it’s possible that this opens the offseason floodgates. The position player section of free agency has been slow moving so far. Early on, Trent Grisham and Gleyber Torres accepted qualifying offers. The Mariners and Josh Naylor quickly reunited. For the past three weeks, there have been no multi-year deals for free agent hitters.

Now that Schwarber is off the board, the clubs who fell short will be pivoting to other options. Some of those clubs won’t be players for Kyle Tucker or Bo Bichette but perhaps Cody Bellinger, Pete Alonso, Eugenio Suárez, Alex Bregman and others will see their markets heat up in the coming days and weeks.

Jeff Passan of ESPN first reported the five-year, $150MM agreement. Bob Nightengale of USA Today had the even salary breakdown. Photos courtesy of Jayne Kamin-Oncea, Imagn Images