CINCINNATI, OH - Brandon Phillips #4 of the Cincinnati Reds runs to third base against the Philadelphia Phillies at Great American Ball Park. (Photo by Jamie Sabau/Getty Images)

Brandon Phillips, Reds Agree To Contract Extension

It looked like the Reds and Brandon Phillips were getting set to part ways. Then the Reds turned around and offered Phillips enough years to get him to agree to a long-term extension.

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Cincinnati Reds, Brandon Phillips Announce 6-Year Extension

It's official in Cincinnati: Brandon Phillips and the Reds have reached a contract extension. As previously reported, the deal is worth $72.5 million over six years.

Phillips is sort of happy about this, as he expressed in a news conference:

"I cried about this. This is where I wanted to be," Phillips said. "I'm still ... you know ... loss of words right now, for me to play in the city I really love. The fans have embraced me and they love me and I love them back."

The word that comes to mind with the Reds is "small-market", but they're not spending like it, with $82.2 million on the payroll, 17th in the majors. Between last week's contract for Joey Votto -- 10 years, $225 million -- and a variety of other rich signings over the past few seasons, the Reds are primed to contend for while.

"I think this puts us in a pretty good position to build around two premier players on the everyday side, and with some of the pitchers we have to be a contending club for years to come, hopefully," general manager Walt Jocketty said. "It's not easy. A lot of things have to go right for you."

Slightly disconcerting is the length of the deal -- Phillips will be 36 when it ends, and earning $14 million for his services. That said, Reds fans will probably be pleased to keep a popular player who hit a career-high .300 last season.

For more on Philips' deal and the Reds, check out SB Nation's Red Reporter.

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