Deal now confirmed....Phillips and Reds 6-years $72.5m congrats both Reds and Phillips— JIM BOWDEN (@JimBowdenESPNxm) April 10, 2012
The contract will take effect immediately, superseding the $12 million Phillips was to receive this season, and locks up the second baseman through 2017, his age 36 season.
Phillips sent out a tweet earlier this morning hinting at a possible extension, and details of a contract quickly followed.
In the last eight days, the Reds have guaranteed $297.5 million to two players, Phillips and first baseman Joey Votto, who was extended for 10 years and $225 million last week.
The 30-year-old Phillips has hit .280/.331/.449 and won three Gold Gloves in six seasons with the Reds.