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?
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