The Philadelphia Phillies made the biggest splash of the week at the MLB Winter Meetings, agreeing to terms with NL home run leader Kyle Schwarber on a five-year, $150 million contract, according to multiple reports Tuesday.

Schwarber, 32, is a three-time All-Star coming off a career-high 56-homer season for the Phillies in 2025.

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Jeff Passan of ESPN was first to report the agreement Tuesday.

It’s the biggest signing of the week at the MLB Winter Meetings, and it could be the first of many dominos to fall in baseball’s “hot stove” season.

Plenty of attractive free agents remain, including outfielders Kyle Tucker and Cody Bellinger, and first baseman Pete Alonso.

But the Phillies had good reason to be partial to Schwarber, who was an integral part of their team as they averaged 92 wins over the last four seasons.

In 2025, the Phillies won 96 games — their most in a regular season since 2011 — and lost in a four-game NL Division Series for the second consecutive year.

The Phillies see Schwarber as an integral part of their core. Now he’ll have five more years to help bring a World Series championship back to Philadelphia for the first time since 2008.

Schwarber made the NL All-Star team for the third time in 2025, and was named MVP after hitting three home runs in a Derby-style swing-off to win the game.

In 11 seasons with the Chicago Cubs, Washington Nationals, Boston Red Sox, and Phillies, Schwarber has hit 340 home runs and driven in 784.

Besides his NL-leading home run total, Schwarber led baseball with 132 RBIs in 2025.

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