Designated hitter Kyle Schwarber is in his fourth season with the Philadelphia Phillies. Although it may seem like a substantial tenure, time has moved too quickly for both parties as Schwarber works through the final year of the contract he signed in 2022. Schwarber has taken on the role of outfielder and designated hitter in full stride while becoming a tremendous leader in a perennial contending clubhouse.

He has turned in massive power numbers year after year as a member of the Phillies and has forced the team’s financial hand to keep him in the clubhouse for the future. Since 2022, Kyle Schwarber trails only Aaron Judge in home runs with 138. A contract extension would be ideal for both sides, but what would a potential new deal look like with Schwarber’s looming free agency?

Schwarber initially inked a four-year, $79 million deal, averaging $19.75 million per year. The Phillies made out well in the deal given that Schwarber’s previous season-high in home runs before 2022 was 38, a total he’s cleared each year as a member of the Phillies.

Now, with initial contract talks stalling over the offseason, the Phillies are in jeopardy of losing the slugger in free agency, per MLB.com’s Todd Zolecki. An extension would certainly be a raise from his current deal, but the Phillies want to avoid the free agency price tag at all costs. Any figure thrown out by another MLB front office could present the risk of the Phillies being outbid for Schwarber’s services (subscription required), per Ken Rosenthal of The Athletic.

A sensible extension could be a three-year, $80 million deal. Schwarber is 32-years-old and with him approaching his mid-30s, the deal would be enticing. The average annual value of $26.67 million would also put him right behind shortstop Trea Turner’s deal. There would certainly be some wiggle room, but the Phillies will do their best to get as big of a discount as they can while shoring up their reigning home run king.

The Phillies need to retain as much of their talent as they can when they gear up for another season in 2026. Roster turnover will be natural, with players aging out, along with new team needs, but Schwarber is one asset the Phillies cannot afford to let walk in free agency.