Matt Strahm Secures $7.5 Million Option for 2026 with Phillies

PHILADELPHIA — Left-handed reliever Matt Strahm has officially locked in his 2026 season with the Philadelphia Phillies after passing a required end-of-season physical. This confirmation guarantees a $7.5 million salary for next year, ensuring his continued role in the team’s bullpen.

Strahm’s contract extension, agreed upon in March 2024, included a base salary of $4.5 million for 2026. The deal also featured performance incentives that could increase his earnings by $1 million for every ten innings pitched between 40 and 60 innings. Strahm managed to surpass the threshold, finishing the 2025 season with 62⅓ innings pitched.

In 2025, Strahm posted a notable 2.74 ERA and struck out 70 batters while allowing only 20 walks. He recorded six saves and 22 holds, marking his fourth consecutive season reaching double digits in the holds category. His consistent performance has made the option vesting a near certainty.

The Phillies announced Strahm’s option vesting on Tuesday, confirming the team’s reliance on him as they prepare for upcoming challenges, including a deep playoff run. Strahm’s ability as a high-leverage specialist makes him a key component of the Phillies’ pitching staff.

In addition to Strahm, the team faces decisions regarding other left-handed pitchers in the bullpen. One option includes a fellow lefty with a $9 million club option for 2026 or a $500,000 buyout. The Phillies are looking to solidify their roster as they head into the offseason.