For the second time in less than two years, the Phillies have announced a contract extension with Cristopher Sanchez. The left-hander’s previous extension in June 2024 gave the team control over Sanchez’s services through the 2030 season, but this new contract now locks Sanchez into the fold through at least the 2032 season for $91MM in new money. Sanchez is represented by Mato Sports Management.
The new deal keeps Sanchez’s $3MM salary in place for the 2026 season, and he’ll also earn the $6MM in 2027 and the $9MM in 2028 that was promised to him under the terms of his old extension. The Phillies previously held a $15MM club option on Sanchez for 2029 and a $16MM club option for 2030, but those options years have now been guaranteed under the new extension at those prices. Sanchez will then earn $30MM in each of the 2031 and 2032 seasons, and Philadelphia holds a $44.5MM club option ($1MM buyout) for the 2033 campaign. Sanchez can also earn up to $13MM extra via incentive bonuses over the course of the contract.
Sanchez’s four-year, $22.5MM extension from June 2024 had already proven to be a huge bargain for the Phillies, as the southpaw continued to produce throughout the 2024 campaign and then took a step forward by finishing second in NL Cy Young Award voting in 2025. It would’ve been easy for the Phillies to sit back and continue benefiting from the surplus value created by the extension, but president of baseball operations Dave Dombrowski took the long view towards Sanchez’s future in Philadelphia.
“We kind of assumed years four and five were a no-brainer as far as we were going to pick those up,” Dombrowski told The Athletic’s Matt Gelb and other reporters. “So we couldn’t even imagine a scenario in which we wouldn’t. Now we start talking beyond that. And we thought that somebody of Cristopher’s stature, we’d rather get this done now, while he’s still at the age that makes sense for us.”
It naturally isn’t uncommon for teams to sign their stars to multiple extensions over the course of their careers, as we’ve seen recently with the Guardians and Jose Ramirez back in January or the Diamondbacks with Ketel Marte last year. Those deals weren’t quite the same as the Sanchez extension, however. Both Ramirez and Marte had more than a decade of MLB experience under their belt and had already played out significant portions of their initial team-friendly extensions. In addition, those teams had the motive of restructuring their star’s previous deal to include deferred money.
That’s not to say Sanchez is undeserving of his new payday, of course. After earning a trip to the All-Star Game in 2024, Sanchez cemented his ace status with a superb 2025 season. The lefty spun a 2.50 ERA with a 2.55 FIP in 202 innings of work, striking out 212 batters across 32 starts. He paired his 26.3% strikeout rate with a 5.5% walk rate and a 58.3% ground ball rate, giving him a lower SIERA than every qualified starter in the NL and the third-lowest in baseball behind Tarik Skubal and Garrett Crochet.
By measure of fWAR, Sanchez’s 2025 season was a top-20 campaign by a qualified starter since 2015, tied with Cy Young-winning campaigns by future Hall of Famers like Chris Sale (2024), Max Scherzer (2017), and Justin Verlander (2019). Sanchez ultimately finished second behind Paul Skenes in Cy Young voting last year, but nonetheless established himself as among the upper-echelon of starters in today’s game with that performance.
Clearly, the Phillies are betting on Sanchez to age well like those other elite arms did by signing him to a big-money extension for his mid-thirties. Philadelphia has been unafraid of signing players well past their prime years previously, as shown by the fact that Zack Wheeler and Aaron Nola are under contract through their age-37 seasons, while Jesus Luzardo‘s new contract extension includes a club option for his age-34 campaign.
With this new contract, Sanchez joins Luzardo (2032 club option) and Trea Turner (contract guaranteed through 2033) as the only three players under team control beyond the expiration of Bryce Harper‘s contract in 2031. This restructured contract for Sanchez could be an interesting data point for Harper and agent Scott Boras, as the two-time MVP and future Hall of Famer has previously publicly expressed a desire to extend or restructure his contract with Philadelphia to keep him in town beyond the 2031 campaign. Of course, those previous attempts were before this past offseason’s comments from Dave Dombrowski critical of Harper that drew the superstar’s ire, prompting trade speculation that Dombrowski later firmly shut down.
Sanchez’s extension was first reported by FanSided’s Robert Murray. The Athletic’s Matt Gelb reported the total of money involved in the deal, while Francys Romero of Beisbol FR had the details about the performance incentives and Scott Lauber of the Philadelphia Inquirer had the extension’s year-to-year financial breakdown.
Inset photo courtesy of Bill Streicher — Imagn Images
