he Phillies have gotten trade calls on left-handed relievers Matt Strahm, José Alvarado and Tanner Banks, reports Matt Gelb of The Athletic. Philadelphia could leverage their bullpen depth for help in a different area of the roster.
All three pitchers are affordable and above-average performers. Alvarado, who’ll make $9MM next season, is the most talented of the group. He’s the hardest-throwing lefty reliever in the game, averaging more than 99 MPH on his fastball. The 30-year-old dominated early in the season and took over the closer role until MLB suspended him for 80 games because of a failed performance-enhancing drug test. That made him ineligible for postseason play, but the Phillies welcomed Alvarado back for the end of the regular season and were confident enough in his ability to exercise a 2026 club option.
Jhoan Duran is locked into the ninth inning now. Alvarado projects as Philly’s top lefty setup arm. He’ll be eligible for the playoffs in future seasons, so it’s unlikely the Phillies are putting much stock in the PED suspension moving forward. Alvarado also finished the year on the injured list with a forearm strain but is expected to be fine going into Spring Training.
An Alvarado trade would be relatively surprising. It’s easier to see the Phils swapping one of Strahm or Banks for someone at a position of greater need. Strahm, who turned 34 on Wednesday, vested a $7.5MM salary for the upcoming season. He’s coming off a 2.74 ERA with an above-average 27.3% strikeout rate across 66 appearances. Strahm owns a 2.71 mark over three seasons in Philadelphia and led the team with 22 holds this year.
While Strahm remains a quality leverage option, the Phillies could have some concern about his trend lines. His strikeout rate dropped six percentage points relative to 2024, when he fanned a third of opponents. He averaged a career-low 92.3 MPH on his fastball and has seen his swinging strike rate dip in consecutive years.
Banks, also 34, is the least well known of the Phils’ lefty trio. He didn’t reach the big leagues until his age-30 season and spent his first couple seasons on a rebuilding White Sox team. Banks was an under-the-radar deadline pickup in 2024 and has turned in a 3.24 ERA with a league average 22.5% strikeout rate over 91 2/3 innings in Philadelphia.
His fastball sits in the low-90s, but he attacks the strike zone with a pair of breaking pitches and held lefty batters to a putrid .172/.213/.243 slash line this year. Banks has held his own against right-handed hitters as well, but he’s the kind of pitcher whom teams generally prefer in a middle relief/specialist role rather than as a true high-leverage arm. MLBTR contributor Matt Swartz projects him for a $1.2MM salary in his first of three seasons of arbitration eligibility.
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