PHILADELPHIA (AP) - Jimmy Rollins agreed to a $40 million US, five-year contract extension with the Phillies on Monday. The 26-year-old shortstop has spent his entire career with Philadelphia and was eligible for free agency after the 2006 season.

His contract includes a $5-million signing bonus, and Philadelphia holds a club option for 2011 at $8.5 million or can exercise a $2-million buyout. If the Phillies exercise the 2011 option, it would bring the total value of the contract to $47.5 million.
This season, Rollins is hitting .263 with five home runs, 19 RBIs and 13 stolen bases in 62 games.

He was selected to the NL all-star team in 2001 and 2002. In both those seasons, he led the NL in triples and in 2001 tied for the league lead with 46 stolen bases. From 2001 through the 2004 season, he had the best fielding percentage among NL shortstops at .981.