Alvarado and the Phillies agreed Tuesday to a one-year, $1.9 million contract to avoid arbitration, Alex Coffey of The Philadelphia Inquirer reports.
Along with first baseman Rhys Hoskins ($7.7 million), Alvarado was one of two of the Phillies' three arbitration-eligible players who finalized a one-year deal with the team prior to Tuesday's filing deadline. The reliever will be back with the Phillies for a second season after turning in a 4.20 ERA and 1.60 WHIP while striking out 68 batters and gathering five saves over 55.2 innings in 2021.