The 26-year-old Burrell will make $10 million in 2003, $4.0 million in 2004, $7.0 million in 2005, $9.5 million in 2006,, $13.0 million in 2007 and $14.0 million in 2008. He also will receive a $1.5 million signing bonus and has a full no-trade clause.
The top overall pick in the nation in 1998, Burrell hit .282 last season in his second full season in the big leagues. His 37 homers and 117 RBI were the most by a Phillie since Hall of Famer Mike Schmidt had 37 and 119 in 1986.
Often reluctant to spend money in the past, the Phillies have opened their wallet in an attempt to improve a team that will move into a new ballpark in 2004. Philadelphia was third in the National League East last season with an 80-81 record.
Since making his major league debut on May 24, 2000, Burrell has a career average of .267 with 82 homers, 95 doubles, and 284 RBI in 423 games.
The Phils also acquired pitcher Kevin Millwood from Atlanta and agreed to a one-year, $9.9 million contract.