Phillies Sign Howard to Five-Year, $125 Million Extension
The Phillies took an enormous step today to try to ensure they have power in their lineup through 2016.
They announced they had signed Ryan Howard to the largest contract in franchise history. It is a five-year, $125 million contract extension, which keeps him in Phillies pinstripes through 2016. The contract also includes a sixth-year club option for 2017 that could raise the value of the deal to $138 million.
Howard, 30, currently is in the middle of a three-year, $54 million contract extension, which he signed in 2009. He will make $19 million this season and $20 million in 2011. The latest extension begins in 2012. He will make $20 million in 2012 and 2013 and $25 million from 2014-16. The option in 2017 is worth $23 million with a $10 million buyout.
The deal includes awards bonuses and a limited no-trade provision.
I will be signing copies of my Phillies book “The Good, The Bad, &The Ugly” beginning at 6 p.m. Thursday at the Barnes & Noble in Rittenhouse Square. I’ll also be signing books beginning at 2 p.m. Saturday at the Majestic Clubhouse Store at Citizens Bank Park. The Zo Zone is on Facebook and Twitter.