Posted by Corey Seidman, Thu, March 29, 2012 09:00 AM Comments: 26
We’re about 200 days from major league free agents being able to sign with teams other than their own. One such player is Cole Hamels, whose contract with the Phillies ends after the 2012 season. If Hamels isn’t re-signed within six days of the end of the 2012 World Series, he can sign elsewhere.
I’ve been documenting Hamels’ contract status for almost a year. It began last May with a comparison of a Hamels deal and the contract signed by Tigers ace Justin Verlander. It continued in late-August after Jered Weaver signed a team-friendly pact with the Angels.
As time has worn on, those two deals have become less and less meaningful with regard to Hamels’ impending payday. We aren’t looking at numbers like $85 or $90 million. We’re looking more so at a figure close to $120 million.
I wrote several months ago that a five-year, $100 million contract with a sixth-year team option at $22 million (with a $12 million buyout) would likely get Hamels signed. He gets his $20 million per season but the Phillies avoid handing out a six- or seven-year deal. The contract would be worth, at most, $122 million and at least $112MM.
On Wednesday, CSNPhilly.com Phillies insider Jim Salisbury reported that talks between the Phillies and Hamels have progressed, especially in the wake of the Dodgers being sold for $2 billion to an ownership group that will seek to make a splash in the coming years.