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Source: Ryan Howard Close to Signing Five Year Extension

Apr 26, 2010, 2:12 PM EDT

CSN's Jim Salisbury just reported some unexpected news, saying a source close to Ryan Howard says the Phillies slugger is close to signing a 5-year extension. Details are slim, but we'll obviously be monitoring this situation for more news.

UPDATE: CSN now has a post up saying it will kick start in 2012 and go through 2016 and be worth $125 million. There will reportedly be a club option for a sixth year that could bring the total value of the deal to $138 million. According to Matt Gelb, "Howard will make $20 mil in 2012-13; $25 mil in 2014-16. The club option for 2017 is worth $23 mil with a $10 mil buyout." Big bucks for the Big Piece.

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