Jim Salisbury of CSNPhilly.com reports that the Philadelphia Phillies are about to extend first baseman and 2006 National League Most Valuable Player Ryan Howard through the 2016 season, with a deal reported to be worth $125 million.
Even though Howard has lost a ton of weight and is looking much better in the field, committing that much money to a large-bodied first baseman seems like a risky proposition.
Edit #2: the excellent Cot's Baseball Contracts has the financial breakdown.
12: $20M, 13: $20M, 14: $25M, 15: $25M, 16:$25M, 17:$23M club option ($10M buyout)
More in-depth analysis will follow -- both here, and elsewhere around the interwebs -- but I'll leave you with this nugget for now: only once in Howard's career, according to Fangraphs' WAR metric, has he been worth more than the $25 million AAV (average annual value) that this deal will pay him: his MVP season back in 2006.