Bryce Harper is currently considering an extension with the Philadelphia Phillies.
Bryce Harper is interested in extending his contract with the Phillies, according to agent Scott Boras. Harper wants to ensure he remains committed to the team and attract players, as he has been a key voice for the team in attracting major free agents and other players.
Harper is still halfway through his 13-year, $330MM contract with the Phillies, which was the most expensive in baseball history at the time of signing. The contract ranks seventh all-time in total dollars, but Harper’s average annual value is just under $25.4MM per season. He is still owed $196MM through the 2031 season. The deal was designed to provide long-term security for Harper, allowing him to focus on baseball without worrying about future changes or trips to free agency. The Phillies wanted to add premium talent while keeping costs relatively low in terms of the luxury tax. With Harper’s money spread out over a longer term, the $25.4MM AAV puts less of a hit on Philadelphia’s annual luxury tax bill. Since the Phillies have exceeded the tax threshold in each of the last two seasons, the AAV benefits of Harper’s contract are perhaps even more important to the Phillies now. The Phillies should wait at least a few more years to monitor any signs of decline in Harper’s play.
