Cole Hamels, Phillies Agree On Deal Worth At Least $144 Million

If you thought your team might acquire lefthander Cole Hamels from the Phillies before the non-waiver deadline, or next winter through free agency, scratch him off your list, because he has signed a six-year contract extension with the Phils, according to Bob Nightengale of USA Today:

Cole Hamels and the Philadelphia Phillies have agreed to a six-year, $144 million contract extension that will be announced at a noon ET press conference today at Citizens Bank Park, a person with direct knowledge of the negotiations told USA TODAY Sports.

The person, unauthorized to speak publicly before the press conference, said the deal will also include a vesting option for a seventh year that could make the contract worth in excess of $160 million.

Nightengale goes on to say that the deal is the biggest in the history of the Phillies, and the second-largest deal to a pitcher in the history of baseball; only the Yankees’ latest contract with CC Sabathia is larger.

It might not help the Phillies this season — they still stand far out of contention despite winning seven of their last 10 — but this contract shows their commitment to winning again in the near future.

For more on the Phillies, please visit The Good Phight and SB Nation Philly.

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