Report: Kyle Kendrick Signs Two-Year Contract With Phillies

The Philadelphia Phillies have agreed to a two-year, $7.5 million contract with Kyle Kendrick, the Sporting News reports.

The new contract will cover the 2012 and '13 seasons, cancelling out the one-year, $3.585 million contract the two sides agreed on last month to avoid arbitration. Kendrick will still be eligible for arbitration for one more season in 2014.

The 27-year-old righty split time between the Phillies' starting rotation and the bullpen last season, going 8-6 overall with a 3.22 ERA in 114.2 innings.