Headlines

  • Astros To Promote Brice Matthews
  • Phillies Reportedly Targeting Controllable Relievers
  • Yankees Prioritizing Pitching, Also Searching For Infield Help
  • Orioles Trade Bryan Baker To Rays
  • Yankees Release DJ LeMahieu
  • Trevor Williams To Undergo UCL Surgery
  • Previous
  • Next
Register
Login
  • Hoops Rumors
  • Pro Football Rumors
  • Pro Hockey Rumors

MLB Trade Rumors

Remove Ads
  • Home
  • Teams
    • AL East
      • Baltimore Orioles
      • Boston Red Sox
      • New York Yankees
      • Tampa Bay Rays
      • Toronto Blue Jays
    • AL Central
      • Chicago White Sox
      • Cleveland Guardians
      • Detroit Tigers
      • Kansas City Royals
      • Minnesota Twins
    • AL West
      • Houston Astros
      • Los Angeles Angels
      • Oakland Athletics
      • Seattle Mariners
      • Texas Rangers
    • NL East
      • Atlanta Braves
      • Miami Marlins
      • New York Mets
      • Philadelphia Phillies
      • Washington Nationals
    • NL Central
      • Chicago Cubs
      • Cincinnati Reds
      • Milwaukee Brewers
      • Pittsburgh Pirates
      • St. Louis Cardinals
    • NL West
      • Arizona Diamondbacks
      • Colorado Rockies
      • Los Angeles Dodgers
      • San Diego Padres
      • San Francisco Giants
  • About
    • MLB Trade Rumors
    • Tim Dierkes
    • Writing team
    • Advertise
    • Archives
  • Contact
  • Tools
    • 2025 Trade Deadline Outlook Series
    • 2025-26 MLB Free Agent List
    • Contract Tracker
    • Transaction Tracker
    • Agency Database
  • NBA/NFL/NHL
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors
  • App
  • Chats
Go To Pro Hockey Rumors
Go To Hoops Rumors

Phillies Close To Extension With Cole Hamels

By Mike Axisa | July 24, 2012 at 3:00pm CDT

7:22am: The sides are expected to announce an agreement Wednesday, Scott Miller of CBSSports.com reports (on Twitter). The Phillies have had a six-year offer worth $135MM-plus on the table since the weekend, Bob Nightengale of USA Today reports (on Twitter).

12:25am: The Phillies and Cole Hamels are close to completing a six-year contract extension worth more than $137.5MM according to Ken Rosenthal of FOX Sports. It will be the second largest contract ever given to a pitcher behind C.C.  Sabathia's seven-year, $161MM pact with the Yankees.

This post was first published on Wednesday, July 25th.

Share 12 Retweet 72 Send via email0

Philadelphia Phillies Cole Hamels

Indians Acquire Brent Lillibridge
Main
Jason Kendall Retires
View Comments (99)
Post a Comment

99 Comments

  1. nm344

    13 years ago

    That’s what I’m talking about

    Reply
    • Dodgersbythebay

      13 years ago

      Me too

      Reply
    • Gothapotamus

      13 years ago

      Good to know my Hamels jersey will maintain relevance for another 6 years

      Reply
  2. MB923

    13 years ago

    About time

    Reply
    • User 4245925809

      13 years ago

      Hmmm.. Glad for Philly/Hamels, or so some of the NYY “fans” won’t be all over this place in the off season going wild with all sorts of off the wall, 30m kinds of contracts they should be offering? yeah.. probably a few Sox homers as well 🙁

      For the record? I am glad he is staying, but the just have to find a way to unload some of those boat anchor deals currently on the books.

      Reply
      • MB923

        13 years ago

        I’m glad for the Phillies, and the Yankees do not (technically I should say Did not) need Hamels all that badly. I was hoping for him to stay in Philly.

        Reply
        • User 4245925809

          13 years ago

          Agree the NYY didn’t need him, but you just knew the call would have come out here for them to sign him. Same as from Boston fans and it didn’t matter if the cost was going to be the looks like 23-25mAAV over 6 seasons.

          Reply
          • MB923

            13 years ago

            If their goal really is to get the payroll under $189 million, then there’s no chance of doing that. They already have 4 starters set for next year even if/when Kuroda goes. The Yankees….Currently…are not weak in SP.

            Reply
  3. Gumby65

    13 years ago

    Heck Philly, I hope ya’ll think he’s worth it. Potential happiest man in the world: Initials ZG.

    Reply
    • Alonzo

      13 years ago

      Are you kidding me? How can the Phillies field a decent team while staying below the 200m mark?
      Is this deal a precursor to another huge trade…like Lee?

      I like Hamels, he’s obviously a good pitcher, but I feel 23 per is still an overpayment, sorry.

      Reply
    • Andy_B

      13 years ago

      Greinke although actually a better pitcher won’t get that kind of money because the big market teams are going to stay away. I personally thought he was ridiculous for turning down 5/100 from the brewers to play at a place where he was happy at.

      Reply
      • sdsuphilip

        13 years ago

        Greinke will get below market value and will be better than hamels going forward

        Reply
        • Phillies_Aces35

          13 years ago

          Because his market’s limited.

          Reply
          • davbee

            13 years ago

            Greinke will get close to Matt Cain money. We’ll see what the market is for him when he’s finally a FA. No one thought there’d be much of a market for Prince Fielder, but he seems to have made out ok.

            Reply
            • LazerTown

              13 years ago

              speak for yourself. I thought he would be a better buy than Pujols. I know pujols is better, but fielder is 4 years younger and was predicted that could be had for fewer years. The tigers only have him until 36, should be able to get good production out of him.

              Reply
      • PHILAbeatdown 2

        13 years ago

        Hahahaha greinke is not a better pitcher the hamels…. Get real buddy

        Reply
    • sam_lammert

      13 years ago

      zach galifinakis?

      Reply
      • Gumby65

        13 years ago

        Dude. Classic!

        Reply
  4. MB923

    13 years ago

    It actually says more than $137.5 million in the article and in his tweet (maybe not by a whole lot, just pointing it out though)

    Reply
  5. Aiden Lipper

    13 years ago

    Where do they get the money for these moves?

    Reply
    • User 4245925809

      13 years ago

      They were included in someone not named stimulus grant..

      Edit:

      before Philly fans take this wrong.. Philly sells out many games and is strongly supported locally. Have a decent TV deal to boot. The only issue now is probably moving 1-2 of the contracts they have on the books to keep the team competitive and allowing most of the others now to lapse that are coming up.

      Reply
  6. Clayton Wilson

    13 years ago

    Now they just need to hand Victorino $20M a year and they’re set.

    Reply
  7. Andy_B

    13 years ago

    horrible deal. Hamels isn’t worth that kind of money. Philidelphia isn’t going to be able to compete with the rest of the East unless they get some offense, and they won’t be able to afford any offense when they pay their number 3 pitcher 24 million a year.

    Reply
    • Muggi

      13 years ago

      You’re not the first person to mention this in the thread…and i just don’t see where you all are finding this. Despite mass injuries the Phils are 9th in the NL in OPS…The Mets and Braves are 7 and 8, .011 and .012 ahead of the Phils.

      You really think 11 one-thousandths of OPS makes that big of a difference? The Phils are where they are because their bullpen has come up small in too many situations, and their rotation has had injury issues. The one solid starter they’ve had all year is…COLE HAMELS.

      Reply
      • Andy_B

        13 years ago

        The Phillies are an old team and they don’t get younger with this move. I’m not just speaking of where there offense is now but where it’s going. Utley and Howard are only going to decline more, there aren’t big offensive prospects coming up for the phillies. And they just tied up 25 million in their number 3 pitcher, how are they going to get better on offense?

        Reply
        • Jimcass134

          13 years ago

          Hamels is a 28 year old left handed ace? How much younger does he need to be? But I really wanted to get some nice prospects for him from the Rangers

          Reply
          • Andy_B

            13 years ago

            I honestly see Hamels more of a number 2 pitcher than an ace, but that wasn’t my point. The pitching is great. It’s the hitting that’s getting old very quickly.

            Reply
  8. iheartyourfart

    13 years ago

    a single tear rolls down nolan ryan’s cheek.

    Reply
    • Phillies_Aces35

      13 years ago

      He can have Cliff…

      Reply
      • Dodgersarelife

        13 years ago

        He might jump off that very cliff.

        Reply
      • tr2008

        13 years ago

        I read your comments on here alot as I think you are a Phillies fan that makes a lot of sense. However why are you so set on moving Lee? The phillies have the means to compete with him in the fold, IMO. Not only that, I still think he is close to an elite pitcher with this year really being a blip

        Reply
        • Phillies_Aces35

          13 years ago

          I absolutely agree this year’s a blip (mainly because he’s only had 4-5 really bad starts). I’m not sure I’m set on moving Cliff Lee. If they got blown away for Cliff I wouldn’t mind trading him. I’m more adamant about trading Victorino and Pence if we get value back.

          I think the team needs to add some young players to the puzzle. Cliff would be an excellent chip to do so.

          Reply
        • Phillip Auxt

          13 years ago

          In the MLB, if you don’t do good, you get traded. Cliff Lee should get traded. I like him though.

          Reply
    • Dodgersarelife

      13 years ago

      He is a Dodger fan? ;…) We are officially the sorriest franchise in the last quarter century and beyond.

      Reply
  9. Dodgersarelife

    13 years ago

    Damn ;..(

    Reply
    • Clayton Wilson

      13 years ago

      You get Dempster though…….

      Reply
      • Dodgersarelife

        13 years ago

        Damn ;…(

        Reply
        • Clayton Wilson

          13 years ago

          Haha

          Reply
  10. TDKnies

    13 years ago

    If it happens, I won’t be too thrilled about continuing to see him pitch against the Braves multiple times every season. But good for Hamels for getting paid royally and good for the Phillies fans for not having to lose one of their favorites.

    Reply
  11. Andy_B

    13 years ago

    Sounds like the Brewers really benefit from this. Olt will be a good fit for the Brewers, and batting behind Braun, especially if they can trade Rameriz.

    Reply
    • nm344

      13 years ago

      Marlins could still jump in since demand will be so high

      Reply
      • Andy_B

        13 years ago

        Very true as a cards fan I wouldn’t trade Shelby Miller for Greinke but I definitely would for Johnson.

        Reply
  12. Phillies_Aces35

    13 years ago

    Really glad to see he’s going to continue to pitch in Phillies pinstripes. Been saying all along he wasn’t going anywhere.

    Could never picture him pitching in another uniform. Philadelphia is his home. Not LA.

    Reply
    • FacelessGeneralManager

      13 years ago

      Congratulations, you win the contest

      Reply
    • LazerTown

      13 years ago

      I’m just glad he wouldnt be moving to the AL east. Could have seen the sox, toronto, or balt making a decent run at him.

      Reply
  13. MauerPower

    13 years ago

    Good for the Phillies. At least the fans have that to be happy about.

    Reply
  14. Gator4444

    13 years ago

    So who trades for Doc?

    Reply
    • Dodgersarelife

      13 years ago

      SInce the Dodgers seem to be in on overpaid players these days, its safe to say they would be in contention.

      Reply
  15. tr2008

    13 years ago

    I just shake my head when I read people’s posts asking how the phillies can afford to pay these pitchers 20 million plus, in addition to everything else. And how they have to move players like Lee to make this fit. The fact is, no one here, myself included, have any idea what the phillies front office can do and the means they have.

    what I do know, is that the phillies sell out close to every game, have a very very strong local and now national following and will be closing a massive TV deal in the next 2 years. What I am getting at is, if the Yankees or Red Sox were to make moves like this, no one would bat an eye because folks are used to these very large market teams buying what they want. I am realizing that the Phillies are entering this top large market team echelon. They can have 3, 20 million dollar pitchers because they can.

    Reply
    • Clayton Wilson

      13 years ago

      Well, they’re currently in last place in their division a year after winning a franchise record 102 games. Sell out all you want, they need offense and they’re limiting that by handing out enormous contracts to pitchers(Lee, Halladay, Hamels, Papelbon(lol))

      Reply
      • tr2008

        13 years ago

        My point is, who says they are limited? You? Me? Other commenters on this site?

        Reply
        • bravesfansince1990

          13 years ago

          Whether they are limited are not, it is not smart to have that much money tied up in a pitching staff.

          Reply
          • Jimcass134

            13 years ago

            It’s not smart to have money tied up to 3 of the best pitchers in baseball? Damn then what is smart?

            Reply
            • bravesfansince1990

              13 years ago

              While keeping the best pitchers in the game may be brilliant it is not so when a team has as many question marks as the Phillies. Tell me the last time a team won a world series with 3 20 million dollar pitchers not to mention a closer that makes 10 million?

              Reply
              • Jimcass134

                13 years ago

                I agree since now when they have holes it seems they just throw their prospects who truly aren’t ready up to the MLB and it doesn’t usually go well. Though if Halladay, Lee, and Hamels pitch to their ability that should be a solid 6 or 7 innigs every time and then Papelbon should shut the door in the 9th.

                Reply
                • bravesfansince1990

                  13 years ago

                  Im more of the thinking that with 100 million tied up in 5 players; Hamels, Lee, Halladay, Howard, Pap the Phils are assuming these guys stay healthy the majority of the season. There is little to no room for improvement if these guys get injured.

                  Reply
                  • Jimcass134

                    13 years ago

                    That’s true but the only question mark is really Howard, the other four guys are considered to be on the elite level of their position, that’s why the Phillies and everyone else have expectations as high as their AAV.

                    Reply
      • PHILAbeatdown 2

        13 years ago

        Their offense is actually pretty good. Better then most trams in the nl. Get your facts straighg. What has let them down this year is halladat n lee having off years and one of the worst hullpens in the league. Its so funny that everyone just jumps on the phillies offense before even looking at the facts…

        Reply
  16. NYBravosFan10

    13 years ago

    Did anyone really think that Hamels was going anywhere? It was really fun to speculate and discuss but in the back of my mind I knew he was staying in Philly.

    Reply
    • bravesfansince1990

      13 years ago

      I really thought the Phillies might actually use common sense and realize that they need to acquire some young talent. They have too many question marks and already have 5 ridiculous contracts.

      Reply
      • kbart

        13 years ago

        other contracts aside, Hamels is young talent. only 28.

        Reply
      • LazerTown

        13 years ago

        They could be a decent team if not for the left side of their infield. Polanco has got to be one of the worst offensive 3B on any team. Rollins may be ok, but I still feel he shouldn’t be leading off. Maybe if you stash him at the bottom, but he doesn’t get on base enough. .313 obp from your leadoff man does not cut it.

        Reply
      • Phillies_Aces35

        13 years ago

        The odds of us acquiring franchise talent for Cole Hamels is slim. Trades for Aces mid season (Cliff Lee, CC Sabathia, etc) haven’t panned out.

        Reply
        • bravesfansince1990

          13 years ago

          I would have taken a chance on Mike Olt.

          Reply
  17. Down_Goes_Brown

    13 years ago

    Yay Guys! (also if this falls through and rosenthal got my hopes up, I am leading the angry torch and pitchfork mob to his house.) YAYY!!!

    Reply
  18. bravesfansince1990

    13 years ago

    I guess big market teams don’t rebuild!

    Reply
    • Clayton Wilson

      13 years ago

      Even when they’re in last place…….apparently. I think this comes back and bites them in the long run though, regardless of how many sellouts they have.

      Reply
      • Jimcass134

        13 years ago

        Are you just mad because you wanted your team to get Hamels? At the end of the season lets see if their still in last place since they’re finally healthy

        Reply
  19. dudemanbro

    13 years ago

    at least hamels will be making bank when he’s on a team full of overpaid old players

    Reply
  20. Down_Goes_Brown

    13 years ago

    So who wants Pence?

    Reply
  21. LIMetfan22

    13 years ago

    Mets own Hamels so uh…Yeah…Good job Phils thanks for the free win the next 6 years!

    Reply
  22. Trout Almonte

    13 years ago

    Meet the Philadelphia Phillies, Yankees of Pennsylvania. Halladay, Howard, Lee, now Hamels? Boy I still remember the salary dumping Abreu and Lidle for a bag of balls and a couple of batting practice pitchers.

    Reply
  23. Joseph Chae

    13 years ago

    Probably wouldn’t happen but hope the Yankees pick him up and put him as their No.2 starter in their rotation

    Reply
  24. rangers1030

    13 years ago

    rangers have to go after zack greinke now

    Reply
  25. thatonephillyfan

    13 years ago

    This is step one of the (small) rebuild hopefully. I would like to see Polanco get moved at the deadline and/or Shane Victorino. Both of these guys aren’t getting the job done. Although Polanco won’t bring back anything exciting, Victorino could get a good return if he goes to a team that is needy of an experienced outfielder with postseason experience. I can see him going to the Indians or White Sox.

    Reply
  26. Hector Cortes

    13 years ago

    He’s basically getting the same contract Johan Santana got when he signed with the Mets.

    Reply
  27. gkstkddn93

    13 years ago

    I can’t believe this! I thought Hamels would want 7 years! Holy cow this would be a ‘nice’ deal for the Phils…? Well, not the kind of best deal for Amaro I know that. But we can keep Cole in Philly, that’s the one thing.

    Reply

Leave a Reply Cancel reply

Please login to leave a reply.

Log in Register

    Top Stories

    Astros To Promote Brice Matthews

    Phillies Reportedly Targeting Controllable Relievers

    Yankees Prioritizing Pitching, Also Searching For Infield Help

    Orioles Trade Bryan Baker To Rays

    Yankees Release DJ LeMahieu

    Trevor Williams To Undergo UCL Surgery

    Nationals Fire PBO Mike Rizzo, Manager Dave Martinez

    Brewers Activate Brandon Woodruff

    Clarke Schmidt Expected To Undergo Tommy John Surgery

    Bobby Jenks Passes Away

    Braves Release Alex Verdugo

    Top 40 Trade Candidates For The 2025 Deadline

    Rays Reinstate Ha-Seong Kim

    Yankees Have Shown Interest In Ryan McMahon

    Royals Interested In Bryan Reynolds

    Rangers Option Josh Jung

    Kevin Pillar Announces Retirement

    Braves Place Spencer Schwellenbach On IL With Elbow Fracture

    Giants Exercise 2026 Option On Manager Bob Melvin

    Yordan Alvarez Shut Down Due To Setback With Hand Injury

    Recent

    MLB Finalizes Home Run Derby Field

    Astros To Promote Brice Matthews

    Giants Outright Sergio Alcántara

    Joe Coleman Passes Away

    Dodgers Outright CJ Alexander

    Trade Deadline Outlook: New York Yankees

    Clarke Schmidt To Undergo Tommy John Surgery

    Trade Deadline Outlook: Atlanta Braves

    Phillies Reportedly Targeting Controllable Relievers

    Nationals Sign Francisco Mejia To Minor League Deal

    MLBTR Newsletter - Hot stove highlights in your inbox, five days a week

    Latest Rumors & News

    Latest Rumors & News

    • Sandy Alcantara Rumors
    • Luis Robert Rumors
    • Alex Bregman Rumors

     

    Trade Rumors App for iOS and Android App Store Google Play

    MLBTR Features

    MLBTR Features

    • Remove Ads, Support Our Writers
    • Front Office Originals
    • Front Office Fantasy Baseball
    • MLBTR Podcast
    • Trade Deadline Outlook Series
    • 2025-26 MLB Free Agent List
    • Contract Tracker
    • Transaction Tracker
    • Extension Tracker
    • Agency Database
    • MLBTR On Twitter
    • MLBTR On Facebook
    • Team Facebook Pages
    • How To Set Up Notifications For Breaking News
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors

    Rumors By Team

    • Angels Rumors
    • Astros Rumors
    • Athletics Rumors
    • Blue Jays Rumors
    • Braves Rumors
    • Brewers Rumors
    • Cardinals Rumors
    • Cubs Rumors
    • Diamondbacks Rumors
    • Dodgers Rumors
    • Giants Rumors
    • Guardians Rumors
    • Mariners Rumors
    • Marlins Rumors
    • Mets Rumors
    • Nationals Rumors
    • Orioles Rumors
    • Padres Rumors
    • Phillies Rumors
    • Pirates Rumors
    • Rangers Rumors
    • Rays Rumors
    • Red Sox Rumors
    • Reds Rumors
    • Rockies Rumors
    • Royals Rumors
    • Tigers Rumors
    • Twins Rumors
    • White Sox Rumors
    • Yankees Rumors

    Navigation

    • Sitemap
    • Archives
    • RSS/Twitter Feeds By Team

    MLBTR INFO

    • Advertise
    • About
    • Commenting Policy
    • Privacy Policy

    Connect

    • Contact Us
    • Twitter
    • Facebook
    • RSS Feed

    MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

    Do not Sell or Share My Personal Information

    hide arrows scroll to top

    Register

    Desktop Version | Switch To Mobile Version