The deadline for the Philadelphia Phillies and J.T. Realmuto to exchange arbitration figures is Friday, but a contract extension has been floated as a possibility.

However, the Phillies may have to wait to ink the catcher to an extension so they don't exceed the luxury tax threshold for the 2020 season.

Philadelphia could circumvent the process by signing Realmuto to a one-year deal and then agreeing to a long-term extension during Spring Training.