His arbitration hearing this season was for $2.7 or $4.2. Instead the REDS signed him for this:
08:$2.75M, 09:$4.75M, 10:$6.75M, 11:$11M, 12:$12M club option ($1M buyout)
If they hadn't done this, his arbitration numbers in 2009 probably would have cost us around $6M, and in 2010 around $8-9M. Then he would have been a free-agent garnering a contract at over $14M per year from 2010 and on.
We got a fantastic bargain in Phillips. Gold Glove Defense up the middle. Leads the REDS in Total Bases every season. Never misses a start. And, he's really hot right now.
Thanks again Wayne K.