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Phillies sign LHP Moyer to two-year extension

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According to Phillies Pravda, the Phillies signed 43 year old left-handed pitcher Jamie Moyer to a two-year contract extension worth $10.5 million plus bonuses.

Signing players on the wrong side of 40 to multi-year deals carries obvious and massive risk.  It's difficult to evaluate Moyer based on his time in Philadelphia and the small sample sizes involved, but he hasn't really been a good pitcher for a full season since 2003 and it seems far-fetched to imagine a 44 year old pitcher experiencing a career Renaissance pitching in a hitters' park.