Phillies, Jose Alvarado avoid arbitration

9:19am: Alvarado and the Phillies settled at $3.45M, tweets Daniel Alvarez Montes of El Extra Base.

8:55am: The Phillies and left-hander Jose Alvarado have agreed to a one-year contract, per a team announcement. That avoids an arbitration hearing that had been scheduled for later today. Alvarado, a client of the OL Baseball Group, had filed for a $3.7M figure, while the Phillies submitted a $3.2M sum.

The 27-year-old Alvarado (28 in May) originally came to the Phils from the Rays in a three-team deal that saw Philadelphia send lefty Garrett Cleavinger to the Dodgers. It was one of the first swaps president of baseball operations Dave Dombrowski made upon being hired in Philadelphia and has proven to be a key pickup, as Alvarado has emerged as one of the team’s best relievers.

Over the past two seasons, the flamethrowing Alvarado has averaged 98.4 mph on his heater and fanned 32% of his opponents while working to a 3.71 ERA. That mark is weighed down a bit by a 2021 season in which Alvarado walked an alarming 18.7% of his opponents, but he pared that number down to 11.2% in 2022 while also upping his strikeout rate to a mammoth 37.9%. This past season’s 3.18 ERA is sharp to begin with, but metrics like FIP (1.92) and SIERA (2.37) feel he’s been even better.

Alvarado has saved seven games for the Phillies and piled up another 38 holds over the past two seasons, cementing himself as one of the organization’s most trusted options in high-leverage settings. He’ll join a high-octane group of relievers in the late innings under manager Rob Thomson, including righty Seranthony Dominguez and offseason acquisitions Gregory Soto and Craig Kimbrel.

The 2022 season will be a crucial one for Alvarado, who’ll be entering his final season of club control. Given his age, elite velocity, strikeout prowess and outstanding ability to miss bats (16.7% swinging-strike rate; 37.3% opponents’ chase rate), Alvarado could position himself as one of the top relievers on the market next offseason with another year like his 2022 campaign.

Walks have long been an issue for the left-hander, but Alvarado had the seventh-highest strikeout rate, tenth-best average fastball velocity and 13th-best swinging-strike rate of the 347 pitchers who pitched at least 50 innings in 2022 (starters included). He also induced grounders on a huge 56.1% of the batted balls against him and yielded just 0.35 homers per nine innings. Command issues notwithstanding, Alvarado has the arsenal to become one of the game’s top relievers.