"We're always focused on getting a deal done with a player," said assistant general manager Scott Proefrock. "We think that's the most productive way to handle these situations."
Pence, who sparked the Phils' offense after being acquired from the Houston Astros just before the non-waiver Trade Deadline last July, had been asking for $11.8 million, while the team filed at $9 million, so the agreement came at exactly the midpoint.
The right fielder made $6.9 million last season.
Pence became an almost immediate fan favorite after arriving at Citizens Bank Park and batted .324 with a .954 OPS in 54 games with Philadelphia. When asked after one game what he was thinking while rounding third to score the winning run, Pence responded, "Good game. Let's go eat." That phrase soon appeared on T-shirts sold at the stadium.
The contract also features the following bonuses: $100,000 each for winning the National League Most Valuable Player Award and World Series MVP Award; $50,000 each for NL Championship Series MVP Award, All-Star Game MVP Award, NL Silver Slugger Award and NL Gold Glove Award.
Paul Hagen is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.