DH Kyle Schwarber has agreed to return to the Philadelphia Phillies on a 5 year, $150 million free agent contract. The 32-year-old is scheduled to earn an even $30M each of the next five seasons, which represents the highest average annual salary for a primary DH in MLB history.

The $30M tax salary associated with the deal now ranks 2nd on the Phillies books (Wheeler, $42M), and it represents the 6th at or above the $20M threshold. Philly is now projected to carry a tax payroll north of $290M into the 2026 season, around $46M over the initial tax threshold. They were tax-payers in 2025 as well.

Schwarber just completed a 4 year, $79 million contract in Philly that paid him $20M in each of the past three seasons. He repaid the Phillies with 187 home runs over the life of that deal, 2nd only to Aaron Judge (210) across that timespan, and tied with Shohei Ohtani. The 2025 campaign was a career-best in almost every major statistical category, including 56 HR, and 132 RBIs.

Schwarber is now under contract through 2030, his age-37 season.