Phillies sign Chase Utley to two-year, $27 million extension

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UPDATE, 8:01 p.m. ET: CBS Sports’ Jon Heyman says the base of the deal is two years, $27 million. That’s pretty good value for a player like Utley.

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7:32 p.m. ET: As first reported by CSNPhilly.com’s Jim Salisbury, the Phillies have reached agreement on a contract extension with second baseman Chase Utley. The specifics of the deal have not been made available, but FOX Sports’ Ken Rosenthal is hearing that it will be a two-year pact in the high $20 million range with multiple vesting options.

There was talk of Utley being shopped at last month’s July 31 trade deadline, but the Philadelphia front office wound up selling no one and will try to build around the current crop of Phillies players.

Utley is in the final season of a seven-year, $85 million contract that he signed in January 2007. The 34-year-old is still a highly productive hitter, boasting a .275/.336/.505 batting line with 15 home runs and 42 RBI in 83 games this year. Phillies GM Ruben Amaro Jr. wasn’t kidding about not wanting to rebuild.

Phillies, Jake Arrieta having a “dialogue”

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No, not like a Socratic dialogue, in which each side, in a mostly cooperative, but intellectually confrontational manner interrogate one another as a means of testing assertions and finding truths, though that would be an AMAZING thing for baseball players and teams to do. Rather, low-level talks about possible interest in Jake Arrieta, baseball free agent.

Arrieta is probably the top free agent still available, now that Yu Darvish, J.D. Martinez and Eric Hosmer have signed. Philly has money — it’s a big market — and could use a pitcher, but Jon Heyman, who, much like Plato did for Socrates, reported the dialogue, says they’re not looking to go long term with anyone.

It may make sense for Arrieta to take a so-called “pillow contract” and come back on the market in a year, but if he’s willing to accept a one-year deal, there are a lot of teams other than Philly who may offer one, and you’d have to figure Arrieta would prefer to pitch for a team more likely to contend.

Dialogues are cool, though. You should go have one over lunch.