The Philadelphia Phillies and two-time All-Star catcher J.T. Realmuto agreed on a $115.5 million, five-year contract, two people familiar with the deal told The Associated Press.

Both people spoke to The Associated Press on condition of anonymity Tuesday because Realmuto’s deal was pending a successful physical.

Realmuto gets $20 million next season, of which $10 million is deferred, with $5 million each payable in 2026 and 2027. He gets $23,875,000 in each of the final four years.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

He does not have a no-trade provision. The deal includes a $1 million assignment bonus if traded.

Realmuto's average annual salary of $23.1 million will become the highest for a catcher, topping the $23 million Joe Mauer averaged in a $184 million, eight-year deal with the Minnesota Twins that covered 2011-18.

Realmuto was acquired from the Marlins in February 2019 in a trade that sent right-hander Sixto Sanchez and catcher Jorge Alfaro to Miami along with pitching prospect Will Stewart and $250,000 in international signing bonus pool allocation.

Realmuto made his second NL All-Star team with the Phillies in 2019 and earned a Gold Glove. He had career-highs in homers (25), RBIs (83) and slugging percentage (.493) that season.

CLICK HERE TO GET THE FOX NEWS APP

Realmuto, who turns 30 in March, hit .266 with 11 homers, 32 RBIs and a career-best OPS of .840 last season. He earned $3,703,704 prorated for the pandemic-shortened season from a $10 million salary.

His deal is the second-largest of the offseason behind outfielder George Springer’s $150 million, six-year contract with Toronto.

Realmuto’s market narrowed last month when the New York Mets went for a less expensive option and signed James McCann to a $40.6 million, four-year deal.