The Philadelphia Phillies have signed left-handed reliever Jose Alvarado to a three-year contract extension, team president of baseball operations David Dombrowski announced Friday.

The deal links Alvarado to the Phillies through the 2025 season and includes a team option for 2026. According to multiple reports, Alvarado will make $9 million in both 2024 and 2025 while the 2026 option is also for $9 million or a $500,000 buyout.