Slugger Kyle Schwarber and the Philadelphia Phillies are finalizing a five-year, $150 million contract, the team announced Tuesday night, securing a reunion that long appeared inevitable between the franchise and one of the league’s premier power hitters.

The deal, comes after a competitive free-agency process that drew interest from the New York Mets, Boston Red Sox, Baltimore Orioles, and even small-market teams such as Pittsburgh and Schwarber’s hometown Cincinnati. Despite widespread pursuit, a late push by Philadelphia ensured the 32-year-old designated hitter would remain with the organization where he emerged as a perennial MVP candidate.

Re-signing Schwarber became the Phillies’ top priority following their elimination in the NL Divisional Series by the eventual World Series champion Los Angeles Dodgers. Philadelphia, won the NL East for a second straight season in 2025 and finished with the second-most wins in MLB.

Schwarber had one of the best seasons of his career in 2025, finishing second in National League MVP voting after slashing .240/.365/.563 with an NL-leading 56 home runs and a major league–best 132 RBIs. His timely, game-changing hits consistently anchored the Phillies’ offense throughout the season.

Since signing with Philadelphia in 2022 on a four-year, $79 million deal, Schwarber has been hitting at least 38 home runs in each of his four seasons with the team. In 2025, he played all 162 games for the first time in his career, became the 21st player in MLB history to hit four home runs in a single game, and was one of just five players to draw at least 100 walks.

Over his first four seasons in Philadelphia, Schwarber and Dodgers superstar Shohei Ohtani ranked second in MLB with 187 home runs, trailing only Yankees slugger Aaron Judge (210). During that span, Schwarber’s .856 OPS ranks 15th among 224 qualified hitters.

In 11 major league seasons since being drafted fourth overall by the Chicago Cubs out of Indiana University, Schwarber has compiled a career slash line of .231/.346/.500 with 340 home runs, 784 RBIs, and 800 runs scored. He has twice led the National League in home runs and remains one of the game’s best power hitters.