Kyle Schwarber and the Philadelphia Phillies are finalizing a five-year, $150m contract, sources told ESPN on Tuesday. The deal would keep the National League home run leader in Philadelphia after a prolific 2025 season.

Schwarber, 32, drew interest from several clubs, including the Mets, Red Sox, Orioles and Pirates, ESPN reported. Philadelphia moved late to retain him after falling in the division series to the Los Angeles Dodgers.

The designated hitter hit 56 home runs and drove in 132 runs last season, finishing second in MVP voting. He has hit at least 38 home runs in each of his four years with the Phillies.

Schwarber is also regarded as a key clubhouse figure and has produced consistently in the postseason, with 14 home runs in 38 playoff games for Philadelphia.

The Phillies made re-signing Schwarber an offseason priority as they look to remain contenders in the National League. His agreement could help spur movement in a free-agent market that has been slow to develop.

Elsewhere, three-time All-Star reliever Edwin Díaz agreed to a three-year, $69m contract with the Los Angeles Dodgers, multiple media outlets reported.

The reported move allowed the defending World Series champion Dodgers to reel in the top closer on the free agent market.

Díaz, 31, opted out of the remaining two years and $38m of his five- year contract he signed with the New York Mets in 2022. The Mets tendered a $22.025m qualifying offer which the right-hander declined last month.

Given that Díaz reportedly signed with a new team, New York will receive a compensatory draft pick after the fourth round.

New York signed right-hander Devin Williams to a three-year, $51m deal on 1 December as insurance with Díaz.

One of the Mets’ most popular players, Díaz finished 6-3 with 28 saves and a 1.63 ERA in 62 relief appearances during the 2025 season.

Díaz is 28-36 with a 2.82 ERA and 253 saves in 520 games (no starts) with the Seattle Mariners (2016-18) and Mets (2019-22, 2024-25).