Phils give Howard five-year extension

The Phillies have finally showed Ryan Howard the money.

Howard, the 2006 NL MVP, signed a five-year extension Monday that guarantees him $125 million. The Phillies hold a club option for a sixth year that could elevate the total value of the deal to $138 million.

Under terms of the deal, Howard will make $20 million in he 2012 and 2013 seasons and $25 million per year from 2014-16. The club option is worth $23 million with a $10 million buyout. The extension includes awards bonuses and a limited no-trade provision.

Howard, a two-time All-Star, was the NL rookie of the year in 2005. In his MVP season the following year, he set a Phillies single-season record with 58 home runs.