Neris signed a one-year, $5 million deal with the Phillies on Wednesday to avoid arbitration, Jim Salisbury of NBC Sports Philadelphia reports.
The team declined the right-hander's $7 million option for next season in late October, but he'll remain in the organization after agreeing to the new deal. Neris had 28 saves with a 2.93 ERA during 2019, but he struggled during the shortened season with a 4.57 ERA, 1.71 WHIP and 27:13 K:BB over 21.2 innings.