Zach Wheeler Signs 3-Year Extension with Phillies

TLDRZach Wheeler has signed a 3-year extension with the Philadelphia Phillies, keeping him with the team for at least four more years. The extension averages $42 million per year, just below top earners like Verlander and Sherzer. This deal highlights the increasing salaries in MLB and the importance of teams locking in players before they hit free agency.

Key insights

📝Zach Wheeler's extension with the Phillies is for 3 years and averages $42 million per year.

💰Wheeler's salary is just below top earners like Verlander and Sherzer.

🔒The deal highlights the trend of teams locking in players before they hit free agency.

⏰Salaries in MLB are increasing, with players like Wheeler projecting to earn over $50 million in free agency.

🧩Teams are trying to hold onto players to avoid the risk and cost of replacing them in free agency.

Q&A

How long is Zach Wheeler's contract extension with the Phillies?

—Wheeler's contract extension with the Phillies is for 3 years.

What is the average annual salary of Wheeler's extension?

—The extension averages $42 million per year.

How does Wheeler's salary compare to top earners like Verlander and Sherzer?

—Wheeler's salary is just below top earners like Verlander and Sherzer.

Why are teams signing extensions with players before they hit free agency?

—Teams are signing extensions to lock in players before their value increases and the cost of replacing them becomes higher.

Is it risky for players to sign extensions instead of testing free agency?

—There is some risk for players signing extensions, as they may potentially miss out on higher salaries in the future. However, if they are comfortable with their current situation and have a chance to win, it can be a smart decision.

Timestamped Summary

00:00Zach Wheeler has signed a 3-year extension with the Philadelphia Phillies, keeping him with the team for at least four more years.

00:09The extension averages $42 million per year, just below top earners like Verlander and Sherzer.

01:38Teams are signing extensions with players to avoid the risk and cost of replacing them in free agency.

02:53Salaries in MLB are increasing, with players like Wheeler projecting to earn over $50 million in free agency.

03:42There is some risk for players signing extensions, as they may potentially miss out on higher salaries in the future. However, if they are comfortable with their current situation and have a chance to win, it can be a smart decision.