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06/13/2005 10:29 AM ET
Phillies sign Rollins to five-year extension
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Shortstop Jimmy Rollins has agreed to a $40 million, five-year contract extension with the Phillies through the 2010 season, Vice President and General Manager Ed Wade announced today.

Rollins, 26, was eligible for free agency after the 2006 season. His contract, which includes a $5 million signing bonus, is broken down as follows:

2006: $4.0 million
2007: $7.0 million
2008: $7.0 million
2009: $7.5 million
2010: $7.5 million

The Phillies hold a club option for 2011 at $8.5 million or can exercise a $2 million buyout. Should the Phillies exercise the 2011 option, it would bring the total value of the contract to $47.5 million.

Originally selected by the Phillies out of Encinal High School in the second round of the 1996 draft, Rollins has spent his entire career with the club. From 2001 through the 2004 season, Rollins had the best fielding percentage among all NL shortstops at .981, which matches his career percentage to date. Going into play tomorrow night, Rollins has a .269 career average with 157 doubles, 45 triples, 52 home runs, 143 stolen bases and 428 runs scored in 698 games.

Rollins was selected to the National League All-Star squad in 2001 (his rookie season) and 2002, when he was voted in as the starting shortstop. In both of those seasons, he led the NL in triples and, in 2001, tied for the league lead with 46 stolen bases.

This season, Rollins is hitting .263 with five home runs, 19 RBI and 13 stolen bases in 62 games.

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