Chase Utley’s extension with Phillies worth up to $75 million

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Chase Utley’s contract extension with the Phillies is officially a two-year, $27 million deal, but Ken Rosenthal of FOXSports.com reports that the second baseman can earn up to $75 million depending on what happens with vesting options.

According to Rosenthal the contract includes three vesting options for $15 million each in 2016, 2017, and 2018, which are triggered if Utley reaches 500 plate appearances in the previous season. Utley will be 35 years old in a couple months and hasn’t topped 500 plate appearances in a season since 2010, so it’s certainly an interesting contract that includes other incentives and buyouts that could bring it to a maximum of $75 million over five years.

If he stays healthy and effective the Phillies would gladly pay him $15 million per season, but the vesting options remove just about all the risk from the team’s point of view. Beyond paying him $27 million for ages 35 and 36, of course, which certainly carries plenty of risk in itself. Check out Rosenthal’s full breakdown for all the other details, including what happens if Utley doesn’t reach 500 plate appearances and the Phillies get team options for those years.

Asdrubal Cabrera signs with the Texas Rangers

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Ken Rosenthal reports that the Texas Rangers have signed infielder Asdrubal Cabrera to a one-year deal, pending a physical. He’ll be paid $3.5 million, according to Jeff Passan of ESPN. Rosenthal reports that Cabrera will primarily play third base, replacing Adrian Beltre, who has retired.

It’s a fairly low price given that Cabrera hit 23 homers and posted a line of .262/.316/.458 (112 OPS+) between the Mets and Phillies last season but, as is the case with so many other veteran free agents, there did not appear to be much of a market developing for his services. He’ll at least get a lot of playing time in Texas, it would seem.