Reds, Phillips Agree on 4 Year Extension

[reds44]

According to Major League sources, Phillips is guaranteed $27 million plus an additional $12 million if the club option is picked up for the fifth year. That option becomes a mutual option if Phillips is traded, and salary escalators in the option year could increase the total value of the package to $43.25 million.

 

4 years, 27 mil is a really good contract. I'm satisfied.

[Post Count Padder]

That's a pretty good deal.

[rocket]

does that just buy out his arbitration years, or was he a free agent soon?

[haltz]

How is this a really good contract? One year of free agency at $11M and a $12M option for 2012. They probably didn't save money in arbitration, and they've got a guy who projects at a .260 EQA and average defense for his age 27 year, signed for $11 million in his age 30 year. It's not the end of the world since it's a pre-arb deal and inherently hard to really overpay, but the Red's leverage here has just allowed them to save money on an inflated value I guess.

[badnews]

Yeah, this is not one of those tremendous value deals like Nick Swisher or David Wright or Brandon Webb signed. It's nothing the Reds will regret, it's solid enough but kind of blah in terms of excitement.