Philadelphia Phillies' Cristopher Sánchez throws during the first inning of...

Philadelphia Phillies' Cristopher Sánchez throws during the first inning of a baseball game against the Arizona Diamondbacks, Sunday, June 23, 2024, in Philadelphia. Credit: AP/Derik Hamilton

PHILADELPHIA — Cristopher Sánchez's contract with the Philadelphia Phillies for 2025-28 would increase to $56.5 million over six seasons if the left-hander wins Cy Young Awards in both 2029 and 2030.

Sánchez’s deal, announced Saturday, calls for a $2 million signing bonus and salaries of $1.5 million in 2025, $3 million in 2026, $6 million in 2027 and $9 million in 2028. Philadelphia has a $14 million option for 2029 with a $1 million buyout and a $15 million option for 2030 with a $1 million buyout.

Each option amount would increase based on his finish in Cy Young voting the previous season: $2 million for first, $1 million for second or third place, $750,000 for fourth or fifth, and $500,000 for sixth through 10th. If he wins Cy Young in 2028, the increase also would apply to 2030.

Sánchez, 27, is 5-3 with a 2.67 ERA in 15 starts this season. He was signed to a one-year contract for 2024 calling for the $753,500 while in the major leagues and $280,432 while in the minors.

He would have been eligible for arbitration after the 2025 season. The options potentially cover what would be his first two seasons after free-agent eligibility.

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