Report: Jesús Luzardo agrees to five-year extension with the Phillies

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The deal many expected to happen this spring has indeed come to fruition, as ESPN’s Jeff Passan is reporting that the Phillies and Jesús Luzardo have agreed to a five-year contract extension that will keep the left-hander in Philadelphia through 2031. Luzardo, now 28 years old, will be 34 when his contract expires.

BREAKING: Left-hander Jesús Luzardo and the Philadelphia Phillies are in agreement on a five-year contract extension, sources tell ESPN. Luzardo, 28, was set to become a free agent after this season. The new deal will begin in 2027 and locks up one of baseball’s best young arms.

— Jeff Passan (@JeffPassan) March 9, 2026

Passan also reported that the deal is worth $135M, putting Luzardo 12th among all active pitchers in total value and average annual value.

Jesús Luzardo’s five-year extension is for $135 million, sources tell ESPN. The deal, negotiated by Roger Tomas and Brodie Van Wagenen of Roc Nation, puts Luzardo among the highest-paid left-handed pitchers in baseball and solidifies the Phillies’ rotation going forward.

— Jeff Passan (@JeffPassan) March 9, 2026

Luzardo arrived in Philadelphia prior to last season in a trade with the Miami Marlins. He turned in the best season of his career in 2025, going 15-7 with a 3.92 ERA while setting new career highs in innings (183.2) and strikeouts (216). Outside of a brutal two start span in June where he allowed 20 runs in 5.2 IP, Luzardo was excellent all season for the Phillies and, most importantly, finished a season healthy for the first time since 2023. The lefty also added a strong performance in the postseason, pitching six innings while allowing two runs with 5 Ks in his only start in Game 2 of the NLDS and adding an 1.2 scoreless in relief in Game 4. Luzardo now joins Cristopher Sánchez, Bryce Harper, Trea Turner, Kyle Schwarber, and Aaron Nola as Phillies players under contract through at least 2030.

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