Howard signs five-year extension
Slugging Phillies first baseman guaranteed $125 million
By Todd Zolecki / MLB.com
04/26/10 2:29 PM ET
SAN FRANCISCO — The Phillies took an enormous step Monday to keep the main power source 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 Feb. 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 ’13 and $25 million from 2014-16. The option in 2017 is worth $23 million with a $10 million buyout.
The $25 million guaranteed average salary in the extension will be baseball’s second-highest behind Alex Rodriguez’s $27.5 million average under a 10-year contract with the Yankees running through 2017.
Howard’s deal includes awards bonuses and a limited no-trade provision.
Howard won the National League Rookie of the Year in 2005 and NL Most Valuable Player Award in ’06. He made the NL All-Star team in 2006 and 2009, won a Silver Slugger in 2006 and earned NL Championship Series MVP honors last season.
Since Howard replaced Jim Thome at first base July 1, 2005, he leads the Majors in home runs (222) and RBIs (650). Howard is just the fourth player in baseball history to have four consecutive seasons with at least 40 home runs and 130 RBIs. Babe Ruth, Ken Griffey Jr. and Sammy Sosa are the others.
Howard also was the player fastest to hit 200 home runs, which he accomplished in 658 games. Ralph Kiner held the previous mark, hitting 200 homers in his first 706 games.
Thome and Chase Utley both signed $85 million contracts with the Phillies, which had been the biggest contracts in team history until Howard’s deal.
Originally selected by the Phillies in the fifth round of the 2001 Draft, Howard enters Monday night with a career .279 batting average, 225 home runs and 656 RBI in 750 games, all with Philadelphia. He currently ranks fifth on the Phillies’ all-time home run list, behind Mike Schmidt (548), Del Ennis (259), Pat Burrell (251), and Chuck Klein (243). His .583 slugging percentage is the best in club history.
The Phils have signed Rhino to a five-year, $125…. Okay, when did the cheapsakes decide to open up their wallet? But, seriously, it is about freaking time that they did something like this. Come on, Ryan, show them that you deserve the money!!!