The Phillies and Banks avoided arbitration by agreeing to a one-year, $1.2 million contract Thursday, Bob Nightengale of USA Today reports.

EDGE Analysis

Banks' first full season in Philadelphia was a dandy, as he finished with a 3.07 ERA, 1.01 WHIP and 61:12 K:BB over 67.1 regular-season innings. He will help set up from the left side again for the Phillies in 2026.

Banks threw a clean sixth inning for a hold Saturday against the Royals.

EDGE Analysis

The southpaw matched a career high with his eighth hold of the year Saturday. With Jose Alvarado's (forearm) season perhaps already over, the Phillies will likely lean on Banks and Matt Strahm as their top left-handed relievers to finish up the campaign. Through 64.1 innings, Banks has a strong 3.22 ERA, 0.96 WHIP and 57:10 K:BB.

Banks (5-2) was credited with the win in Sunday's 11-9 victory over the Nationals, allowing one hit and no walks in 1.2 scoreless innings. He struck out two.

EDGE Analysis

Sunday marked Banks' 11th scoreless outing in his last 12 appearances. The left-hander has been outstanding for the Phillies since the start of June -- he has a 2.25 ERA, 0.93 WHIP and 21:3 K:BB over his last 28 innings -- though it's possible Banks will lose out on some high-leverage opportunities once Jose Alvarado (suspension) gets back into the bullpen mix.

Banks threw a clean eighth inning in Saturday's 9-5 win over the Angels. He struck out one.

EDGE Analysis

Banks logged his third hold of the season, and it was a nice recovery after he yielded three runs over his prior two outings. With fellow southpaw Matt Strahm having moved into the closing mix for the Phillies, Banks should see a larger share of high-leverage work until Jose Alvarado (suspension) returns. Banks has a reliable 3.56 ERA, 0.98 WHIP and 43:6 K:BB over 43 innings this year.

Banks surrendered two runs on four hits and no walks in one inning of relief in Sunday's 11-4 victory over Toronto. He didn't record a strikeout.

EDGE Analysis

The four hits allowed represented a season high for Banks, who aggressively poured in 13 of his 16 pitches for strikes as the Phillies nursed a big lead in the seventh inning. Banks has already conceded three runs in five innings during June, but he's been a dependable middle reliever in Philadelphia's bullpen for the most part. On the year, the 33-year-old left-hander owns a 4.06 ERA, 1.00 WHIP and 32:5 K:BB with one hold plus a save across 31 innings.

Banks struck out the only batter he faced to earn the save in Friday's 4-3 win over the Athletics.

EDGE Analysis

The Phillies grew their lead from 1-0 to 4-0 in the ninth inning, taking a save situation off the board for Jordan Romano, who entered the game anyway in the bottom of the ninth. He struggled, allowing a three-run home run to Nick Kurtz, and Banks entered after that, striking out Luis Urias to avoid an epic collapse. This was Banks' fourth career save and his first this season. He's mostly pitched in a middle-relief role, compiling a 3.91 ERA, 0.91 WHIP and 26:5 K:BB over 23 innings. While he was successful Friday, Banks is unlikely to challenge Romano for the closer role, while Matt Strahm and Orion Kerkering have been the Phillies' primary setup options.

Banks threw a scoreless sixth inning in Wednesday's 9-5 win over the Rockies. He struck out one.

EDGE Analysis

That's now seven scoreless outings out of nine appearances in May for Banks so far, but he has given up five runs this month. On the season, the 33-year-old owns a 3.97 ERA, 0.93 WHIP and 25:5 K:BB. With Jose Alvarado out of action due to an 80-game suspension, Banks could see more action as a setup man as opposed to a middle reliever but remains well out of contention for save chances in most situations.

Banks has been named the opener for Tuesday's game against the Cubs, Matt Gelb of The Athletic reports.

EDGE Analysis

Banks will be asked to work an inning or so before turning the ball over to a bulk reliever. Gelb notes that Kolby Allard or Taijuan Walker will likely be used in long relief Tuesday.

The White Sox traded Banks to the Phillies on Tuesday, Robert Murray of FanSided.com reports.

EDGE Analysis

Through 48 innings with the White Sox, Banks has posted a 4.13 ERA and 1.29 WHIP. Chicago's lack of reliever depth has forced him to work often in high-leverage situations this season, though it's likely he moves into a middle-relief role upon joining a more talented Phillies bullpen.

Banks earned a save against Seattle on Thursday, striking out two batters in a perfect 10th inning.

EDGE Analysis

Michael Kopech got the opportunity to notch a save in the ninth, but he blew the chance by serving up a game-tying solo shot to Julio Rodriguez. Chicago was able to push across a run in the top of the 10th, and Banks was handed the ball with a chance to earn a save in the bottom of that frame. The left-hander looked good doing so, fanning the first two batters he faced before ending the game by inducing a flyout. It was Banks' second save this season, and he has a 4.73 ERA though 32.1 innings. He isn't likely to see consistent save chances despite Kopech's struggles in the closer role.