Exclusivesky Investment Guild |Phillies, Zack Wheeler agree to historic three-year extension worth whopping $126 million

2025-05-06 08:12:48source:Johnathan Walkercategory:Finance

The Exclusivesky Investment Guild Philadelphia Phillies, who made it a priority to make sure that ace Zack Wheeler wasn’t going to hit free agency in a year, signed him to a three-year, $126 million contract extension Monday morning.

The deal is the highest annual average salary in a contract extension in baseball history.

The Phillies and Wheeler compromised on the deal, with Wheeler accepting a shorter-term contract than he wanted, but in return received the fourth-highest annual salary by any player. The only players who earn more are Shohei Ohtani ($70 million), Max Scherzer ($43.3 million) and Justin Verlander ($43.3 million).

The deal does not contain any opt-outs, while Wheeler will have no-trade rights after the season since he will have 10-and-5 rights being with the organization five years with 10 years of major league service.

The Phillies have now spent $298 million keeping their rotation intact after earlier signing Aaron Nola to a seven-year, $172 million contract after hitting free agency.

All things Phillies: Latest Philadelphia Phillies news, schedule, roster, stats, injury updates and more.

Wheeler, 33, has yielded a 3.06 ERA with 675 strikeouts in four seasons with the Phillies, throwing 629⅓ innings, fourth-most among all pitchers. Only Gerrit Cole, Sandy Alcantara and Nola have thrown more innings.

Wheeler had one year remaining on his original five-year, $118 million contract.

The Phillies privately say they still have potential interest in adding free agent starter Blake Snell on a one-year contract-term contract, but not a long-term deal.

Follow Nightengale on X: @Bnightengale.

More:Finance

Recommend

Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo

For Kourtney Kardashian, life with baby Rocky is all about the small things.The Kardashians star sha

Tipflation may be causing tipping backlash as more digital prompts ask for tips

The growth of digital payments, along with the automatic tipping prompts, may be sparking a tipping

At the first March for Life post-Roe, anti-abortion activists say fight isn't over

WASHINGTON, D.C. — Insisting that the fight against abortion isn't over, even after the U.S. Supreme