Categories: NewsPosts

Phillies, Ryan Howard Agree To 3Y/$54M Deal

UPDATE (2:42 p.m.): David Murphy reports the terms of the deal:

$15 million in 2009, $19 million in 2010 and $20 million in his walk year of 2011.

Perhaps the most interesting part of the contract is a clause that would require the Phillies to pay Howard $1 million if he is traded before Nov. 1, 2010. (Editor’s note: That’s chump change, less than most option buyouts.)

Howard’s base salary would increase by $1 million in 2010 and 2011 if he was named MVP in the preceding season. In 2011, an MVP would bring him a $1 million bonus. Bonuses are also included for World Series MVP ($100,000), LCS MVP ($50,000), Gold Glove ($50,000), $100,000 for Silver Slugger, and $50,000 for an All-Star selection.

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The Phillies signed Ryan Howard to a three-year, $54 million deal.

It averages to $18M per season, which is what Howard wanted. It takes Howard through arbitration, making him a free agent in 2012, which was originally planned.

More on this later.

Tim Malcolm

Tim first found the Phillies as a little infant at Veteran’s Stadium, cheering on a Juan Samuel game-winning home run in his very first game. With the pinstripes in his blood, he witnessed Terry Mulholland’s 1990 no-hitter, “Steve Carlton Night” at the Vet, game three of the 1993 World Series, countless games during the charmed 2008 championship season and various road excursions. Since November 2007 Tim’s been writing about them daily at Phillies Nation, becoming one of the world’s most popular Phillies scribes. You can catch him on Twitter and Facebook, as well. When he’s not talking about the Phils he’s relaxing with a St. Bernardus ABT 12 or one of his many favored brews.