Phillies To Re-Sign J.T. Realmuto

The Phillies and J.T. Realmuto have an agreement in place to reunite on a new deal. It’s reportedly a $45MM guarantee over three years for the CAA Sports client, with incentives worth $5MM annually. The Phils have a full 40-man roster and will need a corresponding move to make this official.

At the beginning of the offseason, it seemed likely that Realmuto and the Phils would get back together. That has come to pass but there were some notable twists and turns along the way.

Back in early December, it was reported that the Phils had an offer out to Realmuto. No specifics of that offer were reported but it the two sides were apparently far enough apart to explore other options. Just over a week later, it was reported that the Phils were looking into other potential solutions behind the plate. An even more ambitious pivot came to light in January. With infielder Bo Bichette unsigned, the Phils seemed to genuinely pursue him. Various reports suggested that if the Phils signed Bichette, they would have to move on from Realmuto and third baseman Alec Bohm.

That appears to check out from a financial point of view. Bob Nightengale of USA Today reports that the Phils thought they were going to sign Bichette for $200MM over seven years, an average annual value of $28.57MM. Realmuto was projected for something around $15MM annually, with MLBTR predicting him for a $30MM deal over two years at the beginning of the offseason. Bohm is going to make $10.2MM in his final season of club control.

Essentially, it seems the Phils were willing to spend another $15MM to $20MM on upgrading the lineup. Signing Bichette and then trading Bohm would have added about that much. But the Mets swooped in and have an agreement in place with Bichette, a three-year deal with huge average annual values and opt-outs after each season. That not only deprived the Phillies of Bichette but also landed him with a division rival. Barely an hour later, the Phils have quickly pivoted to the more straightforward path, bringing back their longtime stalwart behind the plate.

Though it is somewhat straightforward to bring back Realmuto, this is still a notable commitment. Realmuto turns 35 in March and will therefore play this deal through his age-37 season. There’s decline risk with any position player that age but particularly with catchers. Every backstop in the majors in 2025 was in his age-36 season or younger, except for Martín Maldonado, who is now retired. Realmuto was already one of the oldest full-time catchers in the league last year. Salvador Perez is one year older but even he has started to spend more time at first base or as the designated hitter in recent seasons.

Realmuto and Perez have been the two workhorses of the position over the past decade-plus. Dating back to the start of the 2015, Realmuto has appeared in 1362 games and Perez 1304. However, Realmuto actually appeared as a catcher in 1,252 of those contests whereas Perez only put on the gear for 980. That kind of workload can be an argument for or against Realmuto. His ability to shoulder a massive workload relative to his peers is right there in the numbers but that could also be the very thing that works against him as he ages.

The signs of decline are already somewhat apparent. At the plate, Realmuto has clearly fallen from his peak. From 2018 to 2022, when he was in his late 20s and early 30s, he produced a combined .272/.339/.476 batting line. That resulted in a 118 wRC+, indicating he was 18% better than the league average hitter for that span. Over the past three years, he has slashed .257/.315/.421 for a wRC+ of 100. In 2025, he hit .257/.315/.384 for a wRC+ of 94. That’s still pretty good for a catcher, as backstops generally hit about 10% worse than the league-wide average, but the trend lines aren’t great.

There are yellow flags on the defensive side as well. Outlets like FanGraphs, Baseball Prospectus and Statcast ranked him as an above-average pitch framer from 2018 to 2022 but with negative grades over the past three years. His grades for controlling the running game and blocking pitches haven’t declined as consistently across all out those outlets but there has been a bit of downward creep. Statcast, for instance, had him as a subpar blocker in the past two years.

Taking the Perez route and coming out from behind the plate isn’t a likely in Philadelphia. As mentioned, Realmuto’s offense has been declining, which wouldn’t be ideal for him if he were at first base or in the designated hitter slot. The Phils don’t have those opportunities available for him regardless, with Bryce Harper locked in at first base and Kyle Schwarber essentially a full-time DH. Harper is signed through 2031 and Schwarber 2030.

All those concerns are presumably things the Phillies are aware of, thus explaining why they toyed with the idea of a future without Realmuto. But despite all the concerns, Realmuto was still the best free agent catcher available this winter and the Phils clearly needed to do something. Rafael Marchán and Garrett Stubbs are on the roster but neither would have been an ideal everyday option behind the plate. Stubbs has 203 big league games under his belt with subpar offense and defense. Marchan’s big league numbers are a bit more encouraging but he has just 82 games under his belt.

In the end, the Phils are sticking with the devil they know. Though there are real concerns in the numbers, there are also the unquantifiable things to consider with a catcher. The Phils have seen Realmuto work with their pitchers for seven years now and presumably are happy to have him continue doing that for another three years.

It appears the 2026 Phillies are going to look a lot like the previous versions of the team, with a few modifications. Adolis García will take over in right field, with Nick Castellanos likely to be jettisoned at some point. Ranger Suárez is gone, having an agreement in place with the Red Sox, but the Phils will hope Andrew Painter can step up to replace him on the pitching chart. Justin Crawford will hopefully take over center field. Their two big free agents this winter, Schwarber and Realmuto, have been re-signed.

That leaves the Phils with the same core, which can be argued to be good or bad going forward. It has certainly been a good core in the past. They’ve won at least 87 games in four straight seasons. They made the World Series in 2022 and won the National League East in the past two campaigns. But Schwarber will turn 33 this year, as will Trea Turner and Aaron Nola. Harper’s already that age. Zack Wheeler turns 36 this year. As mentioned, Realmuto will be 35 in a few months. Everyone in that group is signed for at least two more seasons but often far more.

Spending so much money on that veteran core has pushed the payroll up. RosterResource estimates the Phils to have a $281MM payroll and $317MM competitive balance tax figure. The annual breakdown of Realmuto’s deal hasn’t yet been reported but the CBT won’t be impacted by that, since that number is calculated based on AAV. The Phillies are in the highest possible realm of taxation, both because they have paid the tax in at least three straight years and because their CBT number is above the top threshold of $304MM.

They were just under that top line coming into today, facing a 95% tax rate. The Realmuto deal has blown them past it, well into the area where they pay a 110% tax on new spending. This will therefore add roughly $15MM to their tax bill this year on top of the money going to Realmuto himself.

Realmuto had a fairly quiet market but was connected to the Red Sox at one point. With Realmuto and Danny Jansen signed, the top remaining catcher free agents include Victor Caratini, Jonah Heim and others.

Ken Rosenthal and Matt Gelb of The Athletic first reported the two sides were close. Bob Nightengale of USA Today and Robert Murray of FanSided reported the agreement was in place and provided specifics of the contract. Photos courtesy of Kyle Ross, Jayne Kamin-Oncea, Imagn Images