Phillies Sign Three Players to 2024 Contracts, Salary Projections Revealed

Phillies Sign Three Players to One-Year Deals Ahead of Contract Deadline

The Philadelphia Phillies have made significant moves to secure their roster for the upcoming 2024 season. With a looming deadline to offer contracts to players eligible for salary arbitration, the Phillies wasted no time in signing three key players to one-year deals.

Garrett Stubbs, Jake Cave, and Dylan Covey Return for Another Season

The Phillies announced on Friday night that backup catcher Garrett Stubbs, reserve outfielder Jake Cave, and right-hander Dylan Covey have all agreed to terms and will be returning to the team next season. These signings demonstrate the Phillies’ commitment to maintaining a strong and competitive roster.

Under the terms of the agreements, Jake Cave will receive $1 million, while Garrett Stubbs and Dylan Covey will earn $850,000 each in the majors. These contracts not only provide financial security for the players but also solidify their roles within the team.

Five Players Tendered Contracts, Negotiations Continue

In addition to the three signings, the Phillies have also tendered contracts to five other arbitration-eligible players. Third baseman Alec Bohm, lefty Ranger Suárez, infielder Edmundo Sosa, and relievers Jeff Hoffman and Gregory Soto have all received contract offers from the team.

However, if agreements are not reached by January 12th, these players will enter into salary negotiations with the Phillies. Arbitration hearings are scheduled to take place between January 29th and February 16th, providing an opportunity for both parties to present their cases and determine fair compensation.

Projections from MLB Trade Rumors suggest that salaries for these players could range from $1.7 million to $4.9 million. Regardless of the final figures, it is important to note that all five players are considered to be under contract for the 2024 season.

Lefty Josh Fleming Becomes a Free Agent

One notable absence from the list of tendered contracts is left-handed pitcher Josh Fleming. The Phillies have decided not to offer Fleming a contract, making him a free agent. This decision comes after the team recently claimed Fleming off waivers from the Tampa Bay Rays.

The Phillies’ roster moves reflect their strategic approach to building a competitive team for the upcoming season. With key signings and ongoing negotiations, the organization is focused on assembling a roster that will bring success to Philadelphia.

» READ MORE: Here are the Phillies players fans most — and least — want to see back next season