Phillies To Resign Kyle Schwarber To $150 Million Contract: Reports

PHILADELPHIA, PA — Schwarbombs will continue to rain from the skies of south Philadelphia in 2026 and into the future.

The Phillies have answered their biggest question of the offseason, resigning star slugger Kyle Schwarber to a five year, $150 million contract, ESPN's Jeff Passan first reported Tuesday morning and MLB.com's Mark Feinsand later confirmed.

In a separate deal, numerous sources also confirmed that Phillies manager Rob Thomson, who finished third in NL Manager of the Year voting in 2025, has been extended through the 2027 season.

Schwarber, the 2026 National League MVP runner-up, has been one of the most powerful and consistent hitters in baseball since the Phillies signed him in 2022. That original four year, $79 million contract he signed with the Phillies is seen as one of the most successful free agents signings in recent memory, as Schwarber has gone on to produce a titanic 187 home runs during his time in Philadelphia.

2025 marked Schwarber's best year yet, as he led the National League with 56 home runs and spearheaded a Phillies offense that won 96 games and the National League East en route to a first round bye in the playoffs. While the Phillies were knocked out by the eventual World Champion Dodgers, the foundation of one of the best teams in baseball for the past four years remains intact.

The contract is particularly notable because of Schwarber's age and the fact that he is mostly limited to designated hitter duties. It is by far the largest free agent contract ever given to a primary DH. It also by far the largest guarantee ever given to a player 33 or older.

However, advanced metrics show that Schwarber's profile is not being impacted by his age. Indeed, Schwarber has only gotten better over the length of his time in Philadelphia, and the Phillies clearly believe he can continue to produce with his bat into his mid and late 30s. And while the contract is essentially unprecedented, a power hitter staying at an elite level in late 30s is not. Recent stars like Nelson Cruz and David Ortiz had some of the best years of their career in their late 30s and even into their early 40s.

Beyond his accomplishments on the field, Schwarber has emerged as a fan favorite and a key leadership figure in a clubhouse that could have a larger presence of young players in 2026.

The deal will keep Schwarber in Philadelphia through 2030 alongside fellow franchise players Bryce Harper (2031), Trea Turner (2033), and Aaron Nola (2030), giving this Phillies core several more chances to win championships as the supporting cast inevitably gets younger.

Schwarber entered the offseason as the Phillies top target, and one of the most sought-after free agents on the entire market. Pittsburgh, Cincinnati, Boston, Chicago, and even the New York Mets expressed interest in stealing Schwarber away before he came back home.

The Phillies will now turn their attention to resigning their other major free agents, J.T. Realmuto and Ranger Suarez. While some analysts believe they will be unable to retain Suarez, the expectation around baseball is that Realmuto, who guided a dominant Phillies pitching staff in 2025, will come back to Philadelphia on at least a two-year deal.

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