Saturday, August 23, 2014
Inquirer Daily News

Lidge Signs Three-Year Extension

Phillies closer Brad Lidge agreed to a three-year, $37.5 million contract extension with the Phillies.

Lidge Signs Three-Year Extension

Guess that Brad Lidge trade worked out pretty well.

The Phillies announced this morning they have signed Lidge to a three-year, $37.5 million contract extension that keeps him in red pinstripes through 2011. It also includes a signing bonus, awards package, escalators and a club option and buyout for 2012. Lidge, 31, is 2-0 with 19 saves and a 0.77 ERA in 35 appearances for the Phillies this season. He has 47 strikeouts in 35 innings (12.44 strikeouts/9.0 innings pitched) and has set a franchise record by converting his first 19 save opportunities of the season.

The Phillies must like this signing for a couple reasons: 1) They locked up Lidge before he hit the open market, so they got him at a better price. 2) It's a three-year contract, which means the Phillies won't be tied up should something happen to him. Compare that contract to others that closers have signed in recent seasons: Billy Wagner signed a four-year, $43 million contract before 2006. B.J. Ryan signed a five-year, $47 million contract before 2006. And Francisco Cordero signed a four-year, $46 million contract before 2008.

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The bullpen blew it last night in a 9-4 loss to the Mets.

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Phil Sheridan takes a look at Ryan Howard's very interesting season.

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In the Phillies Notebook, top draft pick Anthony Hewitt is ready to rock and roll.

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In The Inquirer's Sunday baseball column, Jim Salisbury talks with Phillies scout Chuck LaMar about Tampa Bay's success this season. Also check out Extra Bases, Refinding It, Phillie Phodder.

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The place for up-to-the-minute Phillies coverage from The Inquirer beat writer Matt Gelb and columnist Bob Brookover.

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