Kyle Schwarber agreed to a five-year, $150 million contract to return to the Philadelphia Phillies, keeping the All-Star slugger with the defending National League East division champions.

According to ESPN’s Jeff Passan, “BREAKING: Slugger Kyle Schwarber and the Philadelphia Phillies are finalizing a five-year, $150 million contract, sources tell ESPN. The NL MVP runner-up, one of the best home run hitters and clubhouse leaders in baseball, is returning to Philadelphia.”

According to reports from MLB.com, ESPN the agreement secures Schwarber for the next five seasons at an average annual value of $30 million. Schwarber was a highly sought-after free agent after a career year in the 2025 season where he led the National League with a career-hight 56 home runs (second in Phillies franchise history) and MLB-best 132 RBI, finishing as the NL MVP runner-up.

The 11-year veteran, who joined the Phillies in 2022, hit .231 with 340 home runs through the first 1,291 appearances of his career. Schwarber, who won a World Series with the Chicago Cubs in 2016, also played for the Red Sox and Washington Nationals.

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