Phillies' Howard gets 5 year, $125 million extension

Phillies first baseman Ryan Howard has signed a five year contract extension with the team.

The deal, announced by the Phillies Monday afternoon, takes Howard through the 2017 season. He is guaranteed $125 million and could reach $138 million over six years.

According to figures from the team, the five-year extension will pay Howard $20 million in each of the 2012 and 2013 seasons and $25 million per year from 2014-16. The club option is worth $23 million with a $10 million buyout. The extension includes awards bonuses and a limited no-trade provision.

Howard, 30, is hitting .275 with three home runs and 16 RBI this season and has started all 18 of the Phillies’ games thus far.

In his major league career, Howard has won the National League Rookie of the Year and MVP Awards in successive seasons, is a two-time NL All-Star and was named MVP of the National League Championship Series last year.