Phillies reliever Matt Strahm completed a perfect eighth inning for a hold tonight against the Dodgers. In the process, he crossed the 60-inning threshold and vested a $7.5MM option for the 2026 season. The southpaw will still need to pass a postseason physical for the option to go into effect.

Strahm initially joined the Phils on a two-year, $15MM free agent contract during the 2022-23 offseason. That has turned into an excellent value for Dave Dombrowski’s front office. Strahm turned in a 3.29 ERA across 87 2/3 innings during his first season with the club. Philadelphia signed him to a one-year extension for the 2025 season before the ’24 campaign even got underway.

The 33-year-old Strahm has responded with arguably the best two years of his career. He worked to a 1.87 ERA over 66 appearances a year ago and holds a 2.83 mark in 60 1/3 frames this season. His velocity has ticked down, but he’s still punching out 28% of batters faced against an 8% walk rate. He carried a solid 11.7% swinging strike percentage into tonight’s performance.

Philly has increasingly leaned on Strahm as one of their top bullpen weapons. He has a career-best 21 holds. In the second half, only closer Jhoan Duran has entered in higher-leverage situations on average. Strahm is alongside David Robertson and Orion Kerkering as the Phils’ top setup arms going into the playoffs. José Alvarado is ineligible for the postseason because of his failed performance-enhancing drug test. Strahm and Tanner Banks will go into October as manager Rob Thomson’s top two southpaws, while waiver pickup Tim Mayza looks like a borderline candidate to make the playoff roster.

The Phillies would very likely have exercised Strahm’s option even if he had fallen shy of the 60-inning mark. Philadelphia will be happy to retain him on an affordable salary for a leverage reliever. Duran will be back in the ninth inning, while Kerkering and Banks remain under control for multiple seasons. The Phils hold a $9MM option on Alvarado, whose season ended last week when he was diagnosed with a forearm strain.