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Hamels Signs Extension With Phillies

Coming off the most impressive postseason possible, a year in which he earned both NLCS and World Series MVP awards, starting pitcher Cole Hamels could have taken the Phillies to arbitration and held out for a future pay day. Instead, he decided to take the money he could now.

According to Sports Illustrated's Jon Heyman, Hamels inked a three-year extension with the defending World Series champions on Saturday evening, guaranteeing he'll stay in the city of brotherly love through 2011.

The new deal will pay Hamels $4.35 million in 2009, $6.65 million in 2010 and $9.5 million in 2011. It also has incentive clauses that would boost his salary by $500,000 in any season in which he wins the Cy Young award, and by $250,000 if he finishes second or third in Cy Young balloting.

Hamels is just the latest young star to sign a guaranteed contract that eats up arbitration eligible years, following the lead of prominent Boston stars Dustin Pedroia and Kevin Youkilis. It doesn't appear that Hamels' teammate, Ryan Howard, will follow suit, but the deal does set a precedent for the starting point of negotiations for Phillies stars in the future.

What do people think? Good deal for Philadelphia? It certainly seems so from the outside looking in. Then again, $20.5 million is a lot to sink in a starter with only three years of major league experience. Thoughts?

By Cameron Smith  |  January 18, 2009; 12:55 AM ET
Categories:  Phillies  
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Comments

Hamels has exceptional stuff. Seems to have learned a few things from Moyer about changing speeds and locating his changeup in the strike zone. Has nerves of steel for a 24 year old. Can't miss unless his arm falls off. More bad news for the Nats baybee!!

Oh the humanity

Posted by: Brue | January 18, 2009 9:57 AM | Report abuse

It's an excellent deal for the Phillies. Howard is now their only young star that isn't wrapped up for a while.

Consider their free-agent and other pitching acquisitions over the past few years, Eaton, Garcia, etc. A conservative would qualify them as disasters for much more money. In fact you can make the case that those two guys cost them a couple of post-seasons and maybe more.

Posted by: kolbkl | January 18, 2009 10:45 AM | Report abuse

New news - The O's just traded Garrett Olsen & a MiL pitcher to the Cubs for Felix Pie (mlb.com, 3:58pm)

Posted by: BinM | January 18, 2009 4:49 PM | Report abuse

This is an amazing deal for the phillies. hamels has been a stud since he came into the league. his era+ has been increasing yearly and is starting to get into the brandon webb range and could easily get into the johan santana range shortly. his strikeout rate is pretty dang high and he's managing to only walk about 2.25 per nine, an impressive stat. 6.8 million a year for a pitcher who can get you 200 innings of a 3.00 era is solid. it's not the 4 year, 19.5 million steal the diamondbacks got with webb, but it's still a good one.

as for kolbkl's point that howard is their only "young" star not locked up, i think people forget that howard is actually nearly 30 years old. the fact that he's a no-glove all power first baseman should make the phillies leary of signing him to a big extension. especially for a guy who should be platooned. he only hit 224/294/451 against lefties in 2008. his overall on base % put him a solid 279th in the MLB. just what you'd expect from a $10 million a year guy, right? or would you expect for 10 million you'd be a better on base percentage than nick punto?

Posted by: adampschroeder | January 18, 2009 11:10 PM | Report abuse

In regards to Ryan Howard, does Nick Punto lead the MLB in RBI and home runs? Yeah, his OBP is not very good and he strikes out A LOT. But you can bet your bottom dollar that Charlie Manual and Milt Thompson don't want him to change his approach and become a contact hitter. Power hitters are going to strike out and often. It comes with the territory. When you get that kind of production, you accept the strike outs.
Also, Howard was a very solid fielder while in the minor leagues. Hopefully after last season, they spend some time in the off season and spring training addressing his fielding. He has speed for a big guy and has shown flashes of range. He just needs some work there.
Considering they Phils gave Adam Eaton $25 million over three years to rot in AAA, Hamels is a complete steal at 20.5 million. This guy is a perennial cy young favorite and we saw this year that he can pitch under the pressure of the playoffs. He will continue to get better having Moyer as his mentor.

Posted by: PhilliesPhan | January 19, 2009 6:19 PM | Report abuse

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