Odubel Herrera, Phillies Agree to New Contract: Latest Details, Reaction

Any thoughts the Philadelphia Phillies had about trading Odubel Herrera have likely gone away after the All-Star center fielder signed a contract extension with the team.

The Phillies announced the five-year extension Thursday.

Matt Gelb of the Philadelphia Inquirer reported the contract will pay Herrera $30.5 million in guarantees and includes option years for 2022 and 2023.

There had been some speculation about the Phillies exploring trade options for Herrera this offseason. T.R. Sullivan of MLB.com reported during the winter meetings the team "might be willing" to deal the 24-year-old. 

Herrera has been a pleasant surprise in two seasons with the Phillies. He was a Rule 5 draft pick in December 2014 after the Texas Rangers kept him off their 40-man roster because they didn't have a spot available for him. 

With the Phillies embracing a full-scale rebuild, Herrera made the team's Opening Day roster. He put together a solid debut season with a .297/.344/.418 slash line in 147 games. 

Herrera was even better in 2016, posting a .286/.361/.420 slash line with 15 home runs, 25 stolen bases and 4.2 wins above replacement, per Baseball-Reference.com. He was named to the National League All-Star team for his efforts. 

MLB.com's Oliver Macklin noted Herrera's eight wins above replacement in his first two seasons with the Phillies is the second-best mark in team history, trailing only Dick Allen's 8.8 in 1964-65.

The Phillies' commitment to Herrera is the latest sign this franchise is heading in the right direction. It's going to take more time for the farm system, which MLB.com ranked seventh coming into 2016, to release all of its treasures like shortstop J.P. Crawford and outfielder Nick Williams. 

Herrera is a key piece of the foundation in Philadelphia and will be part of the next great wave of Phillies baseball after signing a long-term extension with the franchise.