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Breaking News: Phillies Sign Cole Hamels For 3 Years

Posted by Tim Malcolm, Sat, January 17, 2009 02:12 PM | Comments: 41
Posts, Signings

Jon Heyman of SI.com reports the Phillies have signed pitcher Cole Hamels to a three-year, $20.5 million contract. Hamels has avoided arbitration.

Hamels will get $4.35 million in 2009, $6.65 million in 2010 and $9.5 million in 2011. It’s the largest deal for a pitcher in his first deal of arbitration.

As it stands, that’s a steal for Hamels, and provides him with the security he wants until he turns 28. It takes out three of his four arbitration years (Hamels is a Super-Two and can hit arbitration once more in 2012), meaning the Phils could be potentially saving a couple million with this deal. Of course, down the road it could mean a huge deal for the ace left-hander, but for now, it’s a very solid deal for both sides.

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About Tim Malcolm

Tim Malcolm has written 1947 articles on Phillies Nation.

 
 
  • Posts: 0 Amanda

    Eaton is making more money than Colbert. Whatta steal.

     
  • Posts: 0 justin

    best move amaro has done to date

     
  • Posts: 0 NJ

    Ata boy!

     
  • Posts: 0 Ed

    Amazing deal for the Phils. I didn’t see this coming. Maybe if they can pull of another steal they might have what it takes to keep Howard after next year. But I doubt it.

     
  • Posts: 0 Brett

    awesome!

     
  • Posts: 0 NJ

    Can anyone here honestly say “boy this isn’t a good deal by Jnr and co…”?

     
  • Posts: 0 T Marty

    Ryan, lookie at what Cole did. Come on, join in on the fun. This is great, i’m really shocked, i was seeing a 100 million dollar deal, i can’t believe we nabbed Cole for less then that stinker Eaton. Good Day, Eh!

     
  • Posts: 0 Geoff

    howard and madson are gone, i wouldnt even hold my breath waiting for those guys to come back. howard isnt even repped by boras and hes impossible to deal with. the hamels deal is great. basically, with one year left in that deal youll look to lock him up for 3-4 more years, i move arb year, at least two FA years. Theyll have cleared the money to get that deal done by that time with howard being gone and some of the jenkins eaton type junk deals being long gone from the books.

     
  • Posts: 0 MikeMc26

    Awesome!!!!! Man I can’t wait for the 09 season to start!!!!

     
  • Posts: 0 Evan

    One more year would’ve made me slightly happier, but still a good move.

     
  • Posts: 0 Bruce

    Geoff is at again with his “..are gone” rants (chuckles). The reality is we can look forward to another great year with Howard, Madson and co. Next year may be a different story but time has a way in resolving those contract issues.

     
  • Posts: 0 matt p

    great deal for the phils and cole. Cole is being a team player with the contract he just signed. He could of raped the phils.

     
  • Posts: 0 Ajay

    Like NJ said: I don’t think anyone can deny this as being a stellar deal. Maybe Werth or Victorino are next? (Since we know Howard is a long- shot…)

     
  • Posts: 0 NJ

    Just remember it wasn’t too long ago Cole was angry at his contract renewell, the kids come a long way.

     
  • Posts: 0 Jamie

    I think it’s a bad move. I would rather have let them keep paying him arbitration money over the next four years that he’s eligible and lock Eaton up long-term. We only have one more year of Eaton, for God’s sakes!

     
  • Posts: 0 Jamie

    Okay, on a serious note, I don’t think this deal could have gotten any better really. Sure, it would have been nice to have the security to lock him up for say 6 years, but what would happen if he got hurt along the way, or he turned into the second coming of Kevin Millwood? We would be stuck with guaranteed money and money for someone on the 60 day DL or in the bullpen. I don’t think Cole will ever see the bullpen, but the injury thing is always possible.

    With this contract, we don’t tie up money long term, and once this contract is over, he still has one more arbitration year left. We then try to resign him to another 3, 4, or 5 year deal depending on his health, the market, etc. If it looks like he’s not going to resign with us, we use him as trade bait and try to stock up on younger players. Either way, we’re in a win/win situation I think. Overall, nothing really to dislike on this move.

     
  • Posts: 0 Andy

    Hamels is awesome. Maybe he saw that Fan Friday story and was so moved he decided to settle for the contract.

     
  • Posts: 0 Griffin

    Hopefully Cole stays healthy. Hard to argue against this move though. Peace of mind for Hamels.
    Are Victorino and Werth next? Werth had never stayed healthy before ’08 (then again neither had Hamels).

     
  • Posts: 0 Jamie

    I think they do something similar with Werth and Vic…3 years for Werth somewhere in the 15mm range, but I’d go 4 or 5 for Victorino. He may get somewhere near 6-8 mm per year.

     
  • Posts: 0 Geoff

    I agree…theyll both get 3-4 year deals. victorinos will be cheaper than werths because of werths power, but im ok with those deals if they get them. thatd be GREAT. theyll probably go just a one year deal with blanton to see if hes worth resigning after the season. this used to be the type of guy, blanton, that will get 11-12mm a year on the open market but i think it wont be that way next season. they could resign blanton later in the year cheaply perhaps. the one player, position player on another team that id really want on our team, whod be a PERFECT philly guy is Kevin Youkilis. Unfortunately the red sox made sure he wont be going anywhere for a while.

     
  • Posts: 1650 Tim Malcolm

    Avatar of Tim Malcolm

    In lieu of a formal commentary, this is the perfect deal.

    Hamels gets three guaranteed big paydays. He wanted big money. He got it.

    The Phillies get to save money in arbitration. Honestly, aside from career-altering injury (which, of course, could happen), Hamels is one of the best left-handers in recent memory. He’d be cashing in by 2010.

    It jumps Hamels over to 2012, when Howard will be completely off the books (they’re NOT giving him a deal) and Ibanez is off the books. It also allows the Phils to be frugal with Rollins, who might be on his downturn when the Phils negotiate in 2012 (they’ll allow him the option).

    It also hands Cole a peace of mind. He has his money. He can pitch. He knows he’s worth big money, and won’t have to worry about another deal for a few years. He got what he wanted, and it gives him more incentive to think about staying in Philadelphia.

    Win. Win. Win. Win.

     
  • Posts: 0 Geoff

    This is the best move Amaro has done yet. It shows good faith too and I really think with all of that money freed up with Howard and Ibanez gone by then that will allow them to sign Hamels to an extension of 3 or so years fairly easily.

     
  • Posts: 0 Phil

    I haven’t read the comments yet, but I think this is a great deal. When the contract ends he’ll still have one more year under Phillies control. If he stays healthy and pitches the way we expect him to then in 2012 you give him the big contract. We’re getting a steal on his 1st 3 arb years.

     
  • Posts: 0 ray

    Why does everyone think this is a steal? Its basically about the same money he would have gotten through arbitration. He had no leverage here and did not give up his FA years. I’m not against the move but don’t think it is any different than had he gone to arb every year except now the money is guarunteed.

    And why are people telling howard and madson to take note? They are completely different situations. They would be giving up their free agent years where they can make much more money where as Cole is only giving up 3 of his 4 arbitration years where the team has all the leverage.

     
  • Posts: 0 Jamie

    ray, Hamels would have gotten more in arbitration, I’m sure. This year he may have only gotten 4 or 5 million, but if he has another season like last year, next year he would have been closer to 8 or 10. Then maybe 12 the year after. I think that over the next three years, he would have gotten something more than the 20 he signed for.

    I’m with Tim, though. I think it’s unlikely that Howard gets a long term deal. No way the Phils give him 20 million a year unless he can cut down on his strikeouts and improve his average. They’ll likely trade him in his last arbitration year and get younger. By then we may have a better defensive option at 1st, or they may convert one of the now lower level prospects to 1st…who knows.

     
  • Posts: 0 Matthew

    All I can say is YAHHHHHHHHHHHHHHOoooooooooooooooooooooooo
    ooooooooooooooooo!!!! And that’s not a plug for the defunct search engine. This is just great.

     
  • Posts: 0 R.Mac

    Phinally.

     
  • Posts: 0 IRONPIGPEN

    Excellent.

     
  • [...] is the original: Breaking News: Phillies Sign Cole Hamels For 3 Years | Phillies Nation Share and [...]

     
  • Posts: 0 Manny

    Perfect Deal.

     
  • Posts: 0 Mazinman

    This maybe the best news of the offseason. Not only do we have our ace secure for 3 more years but he and the front office have shown a willingness to work a fair deal for all. Hopefully this will be a sign of good things when his next extension needs to be I’m liking how Arbitration is turning out. Hopefully we’ll get news of Victorino signing for a couple years soon too. Thank you to the front office and to Cole for this bit of great news!

     
  • Posts: 0 Brooks

    Good for Hamels, great for the Phils!
    Think about it, what did Carlos Silva do before he signed?
    What did Adam Eaton accomplish before he signed? More that Cole Hamels? Did or has (more past tense) either of these 2 pitchers ever shown the promise of what Cole has displayed?
    On to another matter though, is there a possibility that the Phils can win this division without Ryan Howard? I see a few references to NOT giving Ryan a long term deal.
    No way, the big man has to sign. He may not be the spark plug of the offense but he is the anchor.
    The Phils do not repeat without Ryan Howard.

     
  • Posts: 0 mark camire

    No one is saying howard wont be back next year, he has what two more years of arb left right. and in two years who knows what may be out there. can 40 hr 140 rbi and 200 strike outs and 250 avg and average defensive fisrt baseman be replaced, I think so, Saying that howard has turned down a few long term offers, but it is better to spread the money around if he wants Manny money no one is worth that. Cole’s deal is a great deal, if not simply for good faith. In two years he keeps up the great pitching they can go longer and more money, and you will know better what you need in that situation. It helps not to have to worry about arb for three years also, great deal,

     
  • Posts: 0 Amanda

    Wasnt it just last year Cole was uspet how didnt get the big bucks? He must of learned something from it, because, if this went to arbitration, I think Cole would of got so much more for 09.

     
  • Posts: 0 Joe O'Phillie

    “It’s the largest deal for a pitcher in his first deal of arbitration.” nuff said.

    I’d imagine it has some decent bonuses, including for NLCS and WS MVP in there that will get him paid much more. He and Utley are the most important pieces of the team.

     
  • Posts: 0 Doug

    This is a great deal. It cements Coles relationship to the Phils. From his comments, it sounds like he wants to stay in Philly for his entire career. This deal creates a lot of goodwill, which was needed after the Cole was upset last year when the Phils paid him $500K when he was hoping for $700K. Contract negotiations are the most contentious times with any employer, so to be able to avoid it for 3 years with Cole is fantastic. And the Phils still will have a year of arbitration eligibility after the contract expires. Both sides get what they wanted out of the deal…Reagrding the other arb-cases, management usually works out contracts with everybody. Before Rhyno (the “h” is NOT a typo, as in the big fella is akin to a rhinoceros –a compliment, by the way) last year, the Phils last went to the arbitrator with Travis Lee in 2001. Now that Rhyno inflicted the first arb defeat on the Phils, he’ll probably be there every year, until he goes elsewhere in FA, and we’ll see Mad Dog there also this year. Other than these two, nobody else should make it to the arbitrator.

     
  • Posts: 0 Phillies Phan SC

    If Cole stays healthy, and continues on this path, he will make up the money later. This is an absolute great day and an awesome signing. Makes up for anything else. NOW they need to lock down Vic and yes, Werth (I still say we cannot go wrong with Jayson).

     
  • Posts: 0 Mike B.

    I’d put locking up Vic over Werth. We haven’t seen Werth start a full season yet. Let this year happen, THEN lock him up.

     
  • Posts: 0 Manny

    But Werth is very close to free agency… HE should be the priority now.

     
  • Posts: 0 KM

    Great deal! Way below market value.

     
  • Posts: 0 Chuck P

    Very good deal… we buy out his 3 of his 4 remaining arbitration years, likely getting a discount. If he performs, we can always rework the deal in two years and add a few years but it sends a message that we’re committed to this team (happy players willing to go the extra mile). If he gets injured, we’re probably overpaying him in years 2-3 but the reality is that we wouldn’t be offloading a player of his caliber anyway… I mean, he would still be on our roster making reasonable money even if he was battling through injuries. I still think that our number one priority is Vic… he’s our CF for the next 3-5 years. On the contrary, I don’t think that Werth will cost as much as Vic. Vic plays a premier defensive position. I am also willing to let Werth walk because of what we have in waiting (Taylor, Brown, Mayberry).

     
 
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