The Phillies exercised Alvarado's (forearm) club option Wednesday.
As expected, the Phillies have opted to pick up the $9.5 million club option on Alvarado for the 2026 season. He ended the 2025 campaign on the 15-day injured list due to a left forearm strain, and he missed 80 games earlier in the season due to a PED suspension. Across the 28 appearances he made in 2025, Alvarado posted a 3.81 ERA, 1.31 WHIP and seven saves over 26 innings. He'll have the offseason to heal from his injury and will aim to be available for the start of spring training.