Jose Alvarado

Philadelphia Phillies, Relief Pitcher
Age: 30y-9m-17d (May 21, 1995)
Exp: 8.009 Years
Country: VE
Agent(s): OL Baseball Group
2026 Payroll Salary

$9,000,000

2026 Cash

$9,000,000

Career Earnings

$17,880,051

2023-2026 Arbitration Extension (CURRENT)

Jose Alvarado signed a 3 year, $22,000,000 contract with the Philadelphia Phillies, including $50,000 signing bonus, $22,000,000 guaranteed, and an average annual salary of $7,333,333. In 2026, Alvarado will earn a base salary of $9,000,000, while carrying a total salary of $9,000,000 and a dead cap value of $500,000.
Contract Terms:
3 yr(s) / $22,000,000
Average Salary:
$7,333,333
Signing Bonus:
$50,000
Free Agent:
2027 / UFA
YOS @ Signing:
5.082
Year Age YOS Status PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2023 28 5.082
ARB 3
 $3,466,666 $7,333,333 3.15% $3,500,000 $3,500,000
2024 29 6.088 $5,129,022 $7,333,333 3.09% $5,129,022 $8,629,022
2025 30 7.088 $4,715,054 $2,881,720 1.20% $4,715,054 $13,344,076
2026 31 8.009
Club
$9,000,000 $8,500,000 3.48% $9,000,000 $22,344,076
2027 32 -
UFA
Year Age Service Status Base Salary Signing Proration Incentives Likely Incentives Unlikely Payroll Salary Luxury Tax
2023 28 5.082
ARB 3
 $3,450,000 $16,667 - - $3,466,666 $7,333,333
2024 29 6.088 $9,000,000 $16,667 - - $5,129,022 $7,333,333
2025 30 7.088 $9,000,000 $16,667 - - $4,715,054 $2,881,720
2026 31 8.009
Club
$9,000,000 - - - $9,000,000 $8,500,000
2027 32 --
UFA
Year Age Status Base Salary Signing Bonus Cash Total Cash Cumulative Cash Remaining AYC Cumulative AYC Remaining
2023 28
ARB 3
 $3,450,000 $50,000 $3,500,000 $3,500,000 $22,344,076 $3,500,000 $5,586,019
2024 29 $5,129,022 - $5,129,022 $8,629,022 $18,844,076 $4,314,511 $6,281,359
2025 30 $4,715,054 - $4,715,054 $13,344,076 $13,715,054 $4,448,025 $6,857,527
2026 31
Club
$9,000,000 - $9,000,000 $22,344,076 $9,000,000 $5,586,019 $9,000,000
Contract Notes
  • 2026 Club Option includes a $500,000 buyout
  • WS MVP: $100,000
  • Reliever of the Year: $100,000 ($50,000 for 2nd/3rd)
  • $50,000 each for Gold Glove, All-Star, League MVP
Source: MLB contract specifics generally collected from verified reports.

2023-2023 Arbitration

Contract Terms:
1 yr(s) / $3,450,000
Average Salary:
$3,450,000
Signing Bonus:
N/A
YOS @ Signing:
5.082
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2022-2022 Arbitration

Contract Terms:
1 yr(s) / $1,900,000
Average Salary:
$1,900,000
Signing Bonus:
N/A
YOS @ Signing:
4.088
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2021-2021 Arbitration

Contract Terms:
1 yr(s) / $1,000,000
Average Salary:
$1,000,000
Signing Bonus:
N/A
YOS @ Signing:
3.088
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2020-2020 Pre-Arbitration

Contract Terms:
1 yr(s) / $573,100
Average Salary:
$573,100
Signing Bonus:
N/A
YOS @ Signing:
2.088
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2019-2019 Pre-Arbitration

Contract Terms:
1 yr(s) / $555,000
Average Salary:
$555,000
Signing Bonus:
N/A
YOS @ Signing:
1.093
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2018-2018 Pre-Arbitration

Contract Terms:
1 yr(s) / $549,800
Average Salary:
$549,800
Signing Bonus:
N/A
YOS @ Signing:
0.093
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2017-2017 Pre-Arbitration

Contract Terms:
1 yr(s) / $535,000
Average Salary:
$535,000
Signing Bonus:
N/A
YOS @ Signing:
0
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2011-2011 Signing Bonus

Contract Terms:
1 yr(s) / $50,000
Average Salary:
$50,000
Signing Bonus:
N/A
YOS @ Signing:
0
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Seasons

8.009 Years

Career Earnings thru 2026

$17,880,051

Earnings w/ Different Teams

2 teams

Earnings Per Year

Year Age Team(s) Service Status Cash Total Cash Cumulative Awards
2011 16
-
Signing Bonus
$50,000
$50,000
2017 22
0
Active
$268,916
$318,916
2018 23
0.093
Active
$549,800
$868,716
2019 24
1.093
Injured
$555,000
$1,423,716
2020 25
2.088
Injured
$212,259
$1,635,975
2021 26
3.088
Active / Arb Avoided
$1,000,000
$2,635,975
2022 27
4.088
Active / Arb Avoided
$1,900,000
$4,535,975
2023 28
5.082
Active / Arbitration 3 Bypassed
$3,500,000
$8,035,975
2024 29
6.088
Active
$5,129,022
$13,164,997
2025 30
7.088
Injured
$4,715,054
$17,880,051
Total      
$17,880,051
$17,880,051
2026 31
8.009
Active / Club Exercised
$9,000,000
Total
$26,880,051

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
5 $1,585,975 $50,000 - $1,635,975
5 $16,194,076 $50,000 - $16,244,076
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2011
16
$50,000
$50,000
$50,000
2017
22
$268,916
$268,916
$318,916
2018
23
$549,800
$549,800
$868,716
2019
24
$555,000
$555,000
$1,423,716
2020
25
$212,259
$212,259
$1,635,975
2021
26
$1,000,000
$1,000,000
$2,635,975
2022
27
$1,900,000
$1,900,000
$4,535,975
2023
28
$3,450,000
$50,000
$3,500,000
$8,035,975
2024
29
$5,129,022
$5,129,022
$13,164,997
2025
30
$4,715,054
$4,715,054
$17,880,051
Total
$17,780,051
$100,000
$17,880,051
$17,880,051
2026
31
$9,000,000
$9,000,000
Total
$26,780,051
$100,000
$26,880,051

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
5 $1,585,975 $50,000 - $1,635,975
5 $16,194,076 $50,000 - $16,244,076

Injuries

Year Dates Reason
2025 PHI Sep 11, 2025 - Sep 28, 2025 Arm
2023 PHI Jul 09, 2023 - Aug 21, 2023 Elbow
2023 PHI May 10, 2023 - Jun 09, 2023 Elbow
2021 PHI Aug 08, 2021 - Aug 26, 2021 Shoulder
2021 PHI Apr 19, 2021 - Apr 26, 2021 COVID-19
2020 TB Aug 15, 2020 - Sep 27, 2020 Shoulder
2019 TB Aug 25, 2019 - Sep 29, 2019 Elbow
2019 TB Jul 07, 2019 - Aug 13, 2019 Oblique
  • Nov 06, 2025 Philadelphia (PHI) exercised a $9 million club option for 2026
  • May 18, 2025 Suspended 80 games for violating the league's PED policy, forfeiting $3,870,960 in 2025 salary with Philadelphia (PHI)
  • Feb 17, 2023 Signed a 2 year $18.55 million contract extension with Philadelphia (PHI), including a club option for 2027
  • Feb 10, 2023 Signed a 1 year $3.45 million contract with Philadelphia (PHI), avoiding arbitration
  • Mar 22, 2022 Signed a 1 year $1.9 million contract with Philadelphia (PHI), avoiding arbitration
  • May 02, 2021 Suspended 2 games for inciting a bench clearing against New York (NYM), forfeiting $10,752 in 2021 salary with Philadelphia (PHI)
  • Jan 15, 2021 Signed a 1 year $1 million contract with Philadelphia (PHI), avoiding arbitration
  • Dec 29, 2020 Traded to Philadelphia (PHI) from Tampa Bay (TB) as part of a 3-team trade: Philadelphia (PHI) traded Garrett Cleavinger to Los Angeles (LAD); Los Angeles (LAD) traded Dillon Paulson and PTBNL to Tampa Bay (TB)
  • Mar 05, 2020 Signed a 1 year $573,100 contract with Tampa Bay (TB)
  • Mar 24, 2018 Signed a 1 year $549,800 contract with Tampa Bay (TB)
  • Nov 19, 2016 Signed a contract with Tampa Bay (TB)
  • Mar 13, 2012 Signed a contract with Tampa Bay (TB)

Suspensions

Date Reason Games Suspended Fine Amount
May 18, 2025 PED 80 $3,870,960
May 02, 2021 Enciting a bench clearing against New York (NYM) 2 $10,752
Suspensions: 2 $3,881,712
Year Team GP GS H R ER BB K HR W L SV IP ERA WHIP WAR
2025 PHI 28 0 27 12 11 7 32 4 4 2 7 26.0 3.81 1.31 0.43
2024 PHI 66 0 49 30 28 28 63 6 2 5 13 61.7 4.09 1.25 0.33
2023 PHI 43 0 31 15 8 18 64 3 0 2 10 41.3 1.74 1.19 1.14
2022 PHI 59 0 38 21 18 24 81 2 4 2 2 51.0 3.18 1.22 0.89
2021 PHI 64 0 42 30 26 47 68 5 7 1 5 55.7 4.20 1.60 0.34
2020 TB 9 0 9 7 6 6 13 2 0 0 0 9.0 6.00 1.67 -0.14
2019 TB 35 1 29 18 16 27 39 2 1 6 7 30.0 4.80 1.87 -0.32
2018 TB 70 0 42 21 17 29 80 1 1 6 8 64.0 2.39 1.11 1.46
2017 TB 35 0 24 12 12 9 29 1 0 3 0 29.7 3.64 1.11 0.39

Calculated Market Value

$11.6M Avg. Annual Salary

Market Value

  • 4 years, $46,296,396
  • Avg. Salary: $11,574,099
  • MLB Rank: 156
  • RP Rank: 11

Current Contract

  • Free Agent: 2027
  • Avg. Salary: $7,333,333
  • MLB Rank: 223
  • RP Rank: 33

Comparable Players

We've selected the following players based on their age, contract status, and statistical production to compare Jose Alvarado to.

Player Length Value Avg. Salary Age When Signed
Tanner Scott 4 $72,000,000 $18,000,000 30
Rafael Montero 3 $34,500,000 $11,500,000 32
Josh Hader 5 $95,000,000 $19,000,000 29
Edwin Diaz 5 $102,000,000 $20,400,000 28
Averages 4 $75,875,000 $17,225,000 29.8

Base Calculated Value

After adjusting the above contracts as if signed at Alvarado's current age (30), a linear regression is performed, providing us with the following initial value.

Length Value Avg. Salary
4 $64,430,304 $16,107,576

Statistical Comparisons

Now we'll compare our variables and Alvarado statistically over the two seasons prior to their signing. In this case we're analyzing: GP/Yr, SV, ERA, WHIP, K/9, BB/9, FIP, WAR

Player GP/Yr SV ERA WHIP K/9 BB/9 FIP WAR
Tanner Scott
2023-2024
 71.00 0.24 2.03 1.06 11.25 3.64 2.54 3.54
Rafael Montero
2021-2022
 57.50 0.18 4.38 1.28 8.64 3.06 3.25 -0.16
Josh Hader
2022-2023
 57.00 0.61 3.25 1.19 14.08 4.28 3.07 0.84
Edwin Diaz
2021-2022
 62.00 0.52 2.38 0.95 14.95 2.96 1.69 2.32
Average 61.88 0.39 3.01 1.12 12.23 3.49 2.64 1.64
Jose Alvarado
2024-2025
 47.00 0.21 3.95 1.28 10.14 3.26 3.70 0.61
Pct Change -24.05 -46.15 -31.23 -14.29 -17.09 6.59 -40.15 -62.80
Median Prime % Change -27.64%
Average Prime % Change -28.65%

Calculated Market Value: Jose Alvarado

After applying our Prime % figures into our base calculated value, we're given two values. The average of these values becomes our current calculated market value.

Terms Avg. Salary
4 years, $46,296,396 $11,574,099
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