Ken Rosenthal is reporting that the Philadelphia Phillies are extremely close to signing starting pitcher Cole Hamels to a contract extension, nixing the possibility of Hamels being dealt by next Tuesday's trade deadline. The reported contract is for six years and $137.5 million, and will be the second highest ever rewarded to a pitcher, behind just CC Sabathia's monster contract with the Yankees in December of 2008 (which went for seven years and $161 million).
Hamels was due to be one of the top starters on the trade market, as well as the free agent market this winter. The Phillies wanted to keep him in order to keep their "big three" of Hamels, Cliff Lee, and Roy Halladay together. Well, it looks like they have, but the cost might be a little rich for their blood. The average annual value of this deal is a hair under $23 million, but I assume it will be backloaded to nullify the immediate impact on Philadelphia's payroll. Before the Hamels extension, the P...
Found July 25, 2012 on
The Outside Corner:
PLAYERS:
Ken Rosenthal,
Cole Hamels,
CC Sabathia,
Cliff Lee,
Roy Halladay,
Ryan Howard,
Chase Utley,
Jimmy Rollins,
Jonathan Papelbon,
Hunter Pence,
Shane Victorino,
Joe Blanton
TEAMS: Philadelphia Phillies, New York Yankees
TEAMS: Philadelphia Phillies, New York Yankees
Original Story:
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