J.T. Realmuto

The Phillies have prioritized reunions with Kyle Schwarber and J.T. Realmuto. They succeeded in bringing back the MVP runner-up on a five-year deal at the Winter Meetings. Realmuto’s free agency has been more extended, leaving the Phils in a holding pattern behind the plate.

While a reunion with their longtime catcher remains the priority, Matt Gelb of The Athletic writes that it’s not a lock to come to fruition. The sides obviously have yet to align on contract terms despite Philadelphia’s willingness to offer multiple years. Gelb writes that the Phillies have been involved in trade conversations about potential alternatives. Although there’s no indication anything is close on that front, that highlights the biggest question for the front office.

Aside from Realmuto, the free agent catching market is bleak. Danny Jansen is off the board on a two-year deal with Texas. Victor Caratini is the only other potential starting option, and he has been more of a high-end #2 catcher over the course of his career. Everyone else is a backup or organizational depth type.

That’s also true of the two catchers currently on Philly’s roster, Rafael Marchán and Garrett Stubbs. Marchán was a promising enough prospect that it isn’t out of the question that he could be a solid glove-first starter if given the opportunity. That’d be a gamble for a win-now team, though, and clubs are sometimes reluctant to upgrade the position at the trade deadline because of the adjustment of learning a pitching staff in the middle of a pennant race. The worst case scenario for the Phils is that they wait out Realmuto’s market but get outbid after Caratini has already signed elsewhere. That’d leave them with little choice but to turn to the trade market.

At the same time, they’re probably reluctant to make a trade while Realmuto is still a free agent. Marchán and Stubbs are both out of minor league options. They’re already likely to expose one of them to waivers before Opening Day. Trading for a catcher and re-signing Realmuto could mean losing both of them, as there’s a good chance another team would claim Marchán. Realmuto’s heavy workloads don’t leave much playing time for his backup, so that’s not an ideal use of resources.

The Phils’ trade conversations may be due diligence for now. They still seem likelier than not to figure something out with Realmuto. If that doesn’t come together, speculative trade options include Pedro Pagés, J.C. Escarra, Connor Wong and Jose Trevino.

Catcher J.T. Realmuto is entering the final year of his contract with the Phillies but it’s possible he’ll stick in Philadelphia beyond that. Scott Lauber of the Philadelphia Inquirer reports that the backstop and the club have mutual interest in an extension, though whether they can agree on a price point remains to be seen.

“Obviously I have interest in coming back to the Phillies,” Realmuto said recently, per Lauber. “I love being here. My wife loves it here, my family. Their friends are all in the organization. So, there’s certainly interest on our end. I would hope the Phillies have interest, as well.”

Realmuto was acquired from the Marlins ahead of the 2019 season. After two years with the Phils, he hit free agency, but the two sides reunited on a five-year, $115.5MM deal going into 2021. Over those six years in Philly, he’s been the best catcher in baseball. He has hit .266/.331/.463 for a wRC+ of 112 in that time with solid defense to boot. FanGraphs has credited him with 23.2 wins above replacement for that stretch. That’s almost five wins clear of the next-best catcher, with Will Smith at 18.5 fWAR.

The Phils would naturally love to keep that kind of production going but it’s now becoming a question as to whether Realmuto can keep it up. He turns 34 years old in March, meaning he would be 35 years old for the start of a new contract. There aren’t a lot of full-time catchers that age or older. Last year, 37-year-old Martín Maldonado was the oldest catcher in the league. He was released by the bottom-feeding White Sox in July. 36-year-old Yan Gomes was released by the Cubs that same month. Among a few 35-year-olds, Travis d’Arnaud got the most playing time with 79 starts behind the plate. 34-year-old Salvador Perez played 158 games last year but he’s started spending more and more time at first base in recent years.

Realmuto has had a huge workload in his career. He’s appeared in 1,120 games behind the plate over the past decade, with Maldonado a distant second on that list with 921. Perhaps that suggests Realmuto is capable of bucking the league-wide trends, though it’s also possible the grind is catching up to him. He required knee surgery in June and only played 99 games last year, his lowest full-season tally since his 2014 debut. His .258/.315/.442 batting line over the past two years has led to a 105 wRC+, still good but below his previous work.

Though the Phils have reportedly considered lowering Realmuto’s workload, getting into the first base/DH mix won’t be easy with Bryce Harper and Kyle Schwarber in those positions. That means getting him off his feet might require him to be out of the lineup altogether. Per Todd Zolecki of MLB.com, the Phils have had Realmuto shagging some balls in left field, though both the catcher and manager Rob Thomson characterized those drills as more experimental than any kind of real plan.

Zooming out to look at the rest of the roster, there are also arguments for and against an extension. On the one hand, the Phils don’t have a better solution in the system right now. Rafael Marchán and Garrett Stubbs are also on the roster but they profile more as depth guys than everyday regulars. Baseball America lists three catchers on their list of the club’s top 30 prospects (Eduardo Tait, Alirio Ferrebus, Guillermo Rosario) but none of those three have even reached the High-A level.

On the financial side of things, they will have to consider a few alternatives. Schwarber and Ranger Suárez are both impending free agents as well, as are Max Kepler, Jordan Romano and Joe Ross. Matt Strahm and José Alvarado are entering the final guaranteed years of their respective contracts, though the Phils have club options on those two.

Going into 2026, the catcher position will surely be a focus, but other areas of the roster might need investment as well. MLBTR’s Anthony Franco looked into the possibility of a Suárez extension this week in a post for Front Office subscribers.  If the Phils keep Schwarber around, it would be harder to pivot Realmuto off the catcher position like Sal Perez, as Harper is locked in at first base.

It’s been a long time since a catcher got a big deal for his age-35 season or older, as shown on MLBTR’s Contract Tracker. Kyle Higashioka just got $13.5MM this offseason. The most recent deal to top that was a three-year, $60MM extension between the Cardinals and Yadier Molina back in 2017. The only deal close to that one in terms of guarantee was Jorge Posada’s $52.4MM deal way back in 2007.

Based on Realmuto’s track record, he’ll surely be looking for a notable deal. But if the Phils have hesitation about continuing to invest in him, they could consider other options. Next winter’s free agent class will feature guys like Danny Jansen and Jose Trevino alongside Realmuto.

There’s also the trade market. The Mariners have Cal Raleigh but also one of the top catching prospects in Harry Ford. It’s a similar situation in Baltimore, where the Orioles have Adley Rutschman and Samuel Basallo. The Brewers have William Contreras with Jeferson Quero not far away. Ditto the Dodgers, Will Smith, Dalton Rushing, and potential logjams on other rosters as well.

All those alternatives will come with various degrees of uncertainty, whereas the Phillies clearly know and love Realmuto. It’s a tricky tightrope, as Realmuto is clearly valued by the club but there comes a point where it’s wiser to move on to other options. Two weeks ago, a poll of MLBTR readers resulted in roughly two thirds voting against the Phils giving Realmuto an extension.