"The Philadelphia Phillies have reached agreement with shortstop Jimmy Rollins on a three-year contract with a vesting option for a fourth year, according to a baseball source.

With completion of the deal, Rollins will stay with the organization that has been his baseball home since 1996, when the Phillies selected him in the second round of the amateur draft.

Rollins, 33, is a three-time All-Star, three-time Gold Glove winner and won the National League MVP award in 2007. He is fourth on the Phillies' career list behind Richie Ashburn, Mike Schmidt and Ed Delahanty with 1,866 hits, and ranks among the franchise's top five in games played, plate appearances, runs, total bases, doubles, triples and stolen bases."