Sources: Phillies, Luzardo agree to 5-year, $135M extension - ESPN

The Philadelphia Phillies locked in Jesus Luzardo a year before he was due to reach free agency by agreeing with the left-hander on a five-year contract extension worth $135 million, sources told ESPN.

Luzardo, 28, joined Philadelphia in a trade before the 2025 season and went 15-7 with a 3.92 ERA while striking out 216 in 183⅔ innings. Fearful of losing him after the 2026 season, the Phillies made Luzardo one of the highest-paid left-handers in baseball, sources said, behind only aces Framber Valdez, Blake Snell, Garrett Crochet and Max Fried.

Featuring a 97 mph fastball and one of the game's best sliders, Luzardo is a premier strikeout artist. He will remain in a rotation that already includes Cristopher Sanchez and Zack Wheeler, who each finished runner-up for the National League Cy Young during the past two seasons.

The deal, negotiated by Roger Tomas and Brodie Van Wagenen of Roc Nation, came together in recent weeks as Luzardo showed a desire to remain in Philadelphia. He joined the Phillies after being traded from the Miami Marlins for shortstop prospect Starlyn Caba and outfield prospect Emaarion Boyd in December 2024. The well-traveled Luzardo, who was drafted by Washington, traded to Oakland and dealt again to Miami, found stability in Philadelphia, which won the NL East last year and is aiming for a third consecutive division title this season.

Though elbow and back injuries limited Luzardo's availability earlier in his career, his talent was never in doubt. A third-round pick in 2016 out of Stoneman Douglas High in South Florida, the 6-foot, 220-pound Luzardo has long been well-regarded for his electric left arm.

His 216 strikeouts last season ranked second in the NL behind San Francisco ace Logan Webb, and