Tuesday, April 10, 2012

Breaking down the Phillips extension

Close the book on the Brandon Phillips contract speculation. The Reds and Phillips agreed to a 6yr/$72.5MM contract extension on Tuesday, thus ensuring the popular second basemen will remain in the Queen City through the end of 2017.

Here's the breakdown on how much he'll make per season, courtesy of the Associated Press:

2013: $10MM
2014: $11MM
2015: $12MM
2016: $13MM
2017: $14MM

For those wondering, but not willing to do the math, that's an average salary of $12.5MM per year.

The 30-year old was slated to become a free agent at the conclusion of the season, however, the thought of free agency didn't bode well with him. “I really didn’t want to be a free agent, regardless of what all the other guys were getting,” Phillips said. “To play in the city that I really love … I feel like this is home. I’m going to do my best to work hard and bring a championship to the Queen City.”
“I cried about this...I kept on telling [my agents] please, please make it happen."

“This is the best day of my life, man,” concluded the 3-time Gold Glove Award winner.

Phillips is currently in a one-year deal that pays him $12MM for 2012.

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