Ryan Howard Gets Five-Year, $125 Million Extension From Phillies
The deal, which guarantees Howard $125 million over five years, could grow to as much as $138 million with a sixth year option, according to a press release from the team:
"The five-year extension will pay Howard $20 million in each of the 2012 and 2013 seasons and $25 million per year from 2014-16. The club option is worth $23 million with a $10 million buyout. The extension includes awards bonuses and a limited no-trade provision," the club announced.
Now, there's no denying that Howard's a great player, and there's also no denying that the Phillies have been headed in the right direction -- on almost all fronts -- for some time now, moving from a perennial also-ran to an NL East powerhouse.
So in that sense, it's pretty hard to judge this as an overpay. But at the same time, Philadelphia just committed a ton of money to a slugger who's (somehow) already 30 and who has a physical makeup that makes $25 million in the final year of this deal, when Howard will be creeping towards 40, seem a touch aggressive.