Free-agent pitcher Zack Wheeler and the Phillies have reached an agreement on a five-year, $118 million deal, according to The Athletic's Ken Rosenthal.
Marc Carig of The Athletic was the first to report on the agreement between the two sides.
Wheeler is one of the top pitchers in this year's free-agent class behind starters Gerrit Cole and Stephen Strasburg. While both Cole and Strasburg are also expected to receive megadeals, Rosenthal first reported Tuesday that Wheeler had received at least one $100 million offer and would land a five-year deal greater than that amount.