Phillies agreed to terms with LHP Tanner Banks on a one-year, $1.2 million contract.

The 34-year-old Banks has 253 2/3 career innings with a 3.65 ERA under his belt, but this was just his first time eligible for arbitration and since he’s not a closer, he was resigned to accepting just a little more than 1.5 times the MLB minimum. With the trade of Matt Strahm to Kansas City, Banks should move up the Phillies’ depth chart a bit this year.