The Phillies just announced the team has reached a three-year extension with pitcher Joe Blanton worth $24 million. Blanton, who was set to be a free agent after the 2010 season, had requested $10.25 million in salary arbitration.
This agreement means all four of the Phillies' top starting pitchers are locked up through the 2012 season.
The Phillies have scheduled a 5 p.m. news conference. More to come.