Hamels Agrees to 6-Year, $144 Million Deal
A source confirmed Wednesday morning the Phillies and Hamels have agreed to a six-year, $144 million contract.
Just a couple weeks ago it seemed like Hamels would be traded before Tuesday’s Trade Deadline because the Phillies could not afford to keep him through the season then lose him in free agency. But contract situations and negotiations in baseball turn quickly, and the Phillies made a big push in the past week to make something happen.
They knew they needed to make Hamels an offer he could not refuse, or he would take free agency.
That is exactly what this offer is.
The Phillies signed Roy Halladay to a three-year, $60 million extension when they acquired him from the Blue Jays in Dec. 2009. They signed Cliff Lee to a five-year, $120 million contract in Dec. 2010. This deal bests both of those. It also is the second-largest contract for a pitcher in baseball history, falling only behind the seven-year, $161 million deal CC Sabathia signed with the New York Yankees.
Here’s how the Hamels deal breaks down:
It will pay him $19.5 million next season and $22.5 million each season from 2014-18. The deal includes a $6 million signing bonus, plus a $20 million club option or a $24 million vesting option for 2019, when Hamels will be 35. The option vests automatically if three conditions are met: He does not finish the 2018 on the disabled list with a left shoulder or left elbow injury, he pitches 200 innings in 2018 and 400 innings in 2017-18. If the option does not vest or the Phillies decline to pick up the option Hamels receives a $6 million buyout.