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July 25, 2012

Transaction Analysis

Hamels Extends Stay in Philly UPDATED

by Daniel Rathman and R.J. Anderson

    FOX Sports' Ken Rosenthal has reported that the Philadelphia Phillies have agreed to extend Cole Hamels to a six-year extension in excess of $137.5 million. However, the deal and the amount of money involved have not yet been confirmed. If and when the extension is announced and/or the contract details are finalized, we'll update this post.    

PHILADELPHIA PHILLIES Team Audit | Player Cards | Depth Chart

Agreed to a six-year extension worth more than $137.5 million with LHP Cole Hamels. [7/25]

When Cole Hamels and the Phillies avoided arbitration with a one-year, $15 million agreement in January, the lefty’s agent, John Boggs, told ESPN, “At the appropriate time, I’m sure we’ll have dialogue with the Phillies and continue talking about a multi-year deal.” Months passed before significant progress was made in those negotiations, but with only a week to go before the team’s last chance to trade Hamels, the sides have reportedly come to terms on a six-year extension worth more than $137.5 million.