The Philadelphia Phillies already had Cristopher Sánchez locked into a long-term deal that ensured the left-hander could remain a Phillie through 2030.
Yet they feel so strongly about their All-Star ace that they guaranteed him an extra $60 million into his mid-30s.
The Phillies announced Sunday, March 22, they signed Sánchez to a six-year contract that begins in 2027, runs through 2032 and includes a club option for 2033. Including the $3.5 million Sanchez will earn this season, he’s now guaranteed $107 million through 2032, according to The Athletic.
It’s an interesting maneuver for both sides: Sánchez had signed a four-year, $22.5 million contract in June 2024 that included club options of $14 million and $15 million in 2029 and ’30. That’s a decidedly club-friendly deal for a lefty who led all pitchers in baseball with 8.0 WAR in 2025, crossed the 200-inning mark with a 2.50 ERA and finished runner-up in NL Cy Young Award voting.
So what was in it for the Phillies? Extending Sánchez for two years and $60 million at the end of the deal, which, given inflation in pitcher salaries, might look like a bargain come 2034 and 2035.
As for Sánchez, he locked in a degree of financial security in originally signing the deal, but now has guarantee of a salary approaching market value by the deal’s end, all while remaining with a team that appears in it for the long haul.
It’s a significant leap of mutual faith by club and player.
While unusual, it’s not without precedent a club would go longer with a player they’d inked to a deal that’s already been out-performed. The Kansas City Royals signed catcher Salvador Perez to three extensions after he sailed past the five-year, $7 million deal he’d originally signed – eventually inking a five-year, $52.5 million deal a year before his first one expired.
And the Cleveland Guardians locked up franchise player Jose Ramírez to a seven-year, $141 million deal entering the option year of an original five-year, $26.5 million extension. In January, Ramírez added a seven-year, $175 million extension that superseded the final three years of that old deal and added four more seasons.
This article originally appeared on USA TODAY: Cristopher Sánchez contract: Phillies ace gets $107M extension