Alvarado was traded from the Rays to the Phillies on Tuesday as part of a three-team deal with the Dodgers, Marc Topkin of the Tampa Bay Times reports.
The 25-year-old lefty joins a team desperately in need of bullpen help, and the good version of Alvarado can certainly provide that, as his 2.39 ERA back in 2018 suggests. Over the last two injury-filled seasons, however, he's struggled to a 5.08 ERA in just 39 total frames, with a poor 17.3 percent walk rate offsetting a 27.2 percent strikeout rate. A full bounce-back could see Alvarado picking up saves at some point for his new team, with the inconsistent Hector Neris standing as the only real obstacle on the roster at the moment.