Phillies To Offer Cole Hamels Six Years And More Than $130 MillionBREAKING NEWS, News, Phillies Wednesday, July 18th, 2012
For about a week, word has been circulating that the Phillies were preparing to make a strong push to sign Cole Hamels to a contract extension before the trade deadline. While no offer has officially been presented, details of the team’s imminent offer have been slowly leaking out with reports on Monday indicating that the team would offer the pitcher a contract valued at around $120 million.
Today, John Heyman’s latest report has added a few more details to light.
Per Heyman, the team’s initial offer to Hamels will be a deal for six years, and worth at least $130 million. The front office is using Matt Cain’s six-year $127 million dollar contract with the San Francisco Giants as a frame with which to build their offer. The Phillies are expected to make their offer within in the next few days.
While this reported offer is impressive both in terms of length and salary, I still don’t think its going to be enough to convince Hamels to sign now rather than wait for free agency. While his deal would worth more than Matt Cain’s, he could still generate much more interest on the open market.
The Phillies’ offer to Hamels may be “substantial”, but it needs to be “overwhelming” to convince the 28-year old to pass on free agency. I believe the team needs to offer more than $140 million to have realistic expectations that the lefty will commit to them for the long-term.
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