Cole Hamels Rumors

Phillies Extend Cole Hamels

AUGUST 1: ESPN's Buster Olney has the salary breakdown (Twitter link). Hamels received a $6MM signing bonus and will earn $19.5MM in 2013. His annual salary from 2014-2018 will be $22.5MM. The option for 2019 can vest at $24MM, or the club can exercise it at $20MM with a $6MM buyout. All told, the contract could be worth up to $158MM across seven years.

JULY 25: The Phillies announced that they have signed Cole Hamels to a six-year contract extension worth at least $144MM. The contract, which includes limited no-trade protection for Hamels, includes an option for a seventh year.

Cole Hamels - Phillies (PW)

Hamels' extension will be the second-largest contract ever for a pitcher, trailing only C.C. Sabathia's seven-year, $161MM agreement with the Yankees. Hamels obtains the largest extension for any pitcher in history, surpassing Johan Santana's $137.5MM deal with the Mets. Hamels obtains the same average $24MM annual value as teammate Cliff Lee, who signed a five-year, $120MM contract with Philadelphia two offseason ago.

The 2019 option is either a club option at $20MM or a vesting option at $24MM, MLBTR's Tim Dierkes has learned. The option vests if three conditions are met: Hamels is not on the disabled list with a left shoulder or elbow injury at the end of the 2018 season, and he pitches 200 innings in 2018, and he pitches 400 innings in 2017-2018 combined. If the club exercises its option, Hamels will earn $158MM over seven years. If the option vests, he'll earn $162MM over seven years ($1MM more than Sabathia).

Hamels, 28, has a 3.23 ERA with 8.8 K/9 and 2.2 BB/9 in 133 2/3 innings for the Phillies this year. He averaged 31 starts and 206 innings per season from 2007-11, his five first seasons in Philadelphia's rotation. Agent John Boggs represents Hamels, the 2008 World Series MVP. The contract covers his age 29-34 seasons.

If Hamels had reached free agency, the California native would have drawn interest from many teams, including, perhaps, the Dodgers. Instead, teams looking to sign starting pitchers this coming offseason will set their sights on the likes of Zack Greinke, Anibal Sanchez and Edwin Jackson.

The Phillies now have three starters earning $20MM per season: Hamels, Lee and Roy Halladay. As ESPN.com's Jayson Stark reports, there had never been a team with two $20MM per season starters until the 2012 Phillies took the field (Twitter link).

Ken Rosenthal of FOX Sports first reported the sides were nearing an extension, ESPN.com's Buster Olney first reported the agreement, Jon Heyman of CBSSports.com first reported the terms of the deal and Tim Dierkes of MLBTR first reported the details of the 2019 option. Photo courtesy of US Presswire.


The Rangers And The Zack Greinke Deal

Besides the Angels and Brewers themselves, perhaps no team was as impacted by the Zack Greinke trade as the Rangers.  Here's the latest on the Rangers' own pursuit of Greinke and how they plan to counter the Angels' newest salvo in the battle for the AL West.

  • Brewers GM Doug Melvin told reporters (including Tom Haudricourt of the Milwaukee Journal Sentinel) that the Rangers were the other finalist for Greinke's services.  The Rangers offered Leury Garcia, Chad Bell and Justin Grimm to the Brewers.
  • Had the Rangers been willing to include third base prospect Mike Olt in their offer to the Brewers, Greinke probably would've ended up in Texas, USA Today's Bob NightengaleFOX Sports' Ken Rosenthal, however, reports the Brewers wanted Martin Perez and didn't "insist" on Olt or Jurickson Profar, though Texas still felt the requested package of prospects was too much (both links are to Twitter).
  • With Greinke gone, the Rangers won't necessarily try to acquire Josh Johnson or James Shields, a source tells MLB.com's T.R. Sullivan.  The Marlins and Rays have put a high price tag on their aces and the Rangers may wait to see if they lower their demands.  Sullivan notes that if the Rangers weren't willing to deal the likes of Olt for Greinke, they wouldn't trade him or other top prospects for another pitcher who they didn't value as highly.
  • The Rangers also valued Cole Hamels and Cliff Lee more than they did Greinke, reports Jeff Wilson of the Forth Worth Star-Telegram (Twitter link).  Hamels just signed an extension to remain in Philadelphia and the Rangers shied away from the large salary still owed to Lee through the 2015 season.
  • The Rangers are "unlikely" to get Johnson, while they're still in play for Shields, tweets CBS Sports' Jon Heyman

Quick Hits: Athletics, Hamels, Pirates

Diamondbacks GM Kevin Towers and MLBTR's Tim Dierkes weighed in on the modern-day trade deadline dynamic with Nick Piecoro of the Arizona Republic. The non-stop nature of online trade chatter can get in the way of certain trades and facilitate others, Towers said. Here are some assorted rumors with four days to go before the trade deadline…

  • The Athletics aren’t presently in the mix for Marco Scutaro, but they could pursue him if other options don’t materialize, ESPN.com’s Jerry Crasnick reports (on Twitter).
  • Before he signed his six-year, $144MM extension, Cole Hamels told Yahoo’s Jeff Passan that he’d give pitchers big money, but not long-term contracts. "I'd only give three or four years, but I'd give 'em $25 or $30 million," Hamels said. Fortunately for him, Ruben Amaro Jr. and the Phillies were willing to go beyond four years.
  • Many teams would be willing to trade two Major League bats to acquire Joel Hanrahan, Tom Singer of MLB.com writes. The Pirates could rely on Brad Lincoln and/or Jason Grilli in high-leverage, late-inning situations if they trade Hanrahan.


The Latest On The Rangers

There's little doubt that the Rangers are once again one of MLB's best teams — if not the best. Texas entered Tuesday's action with the second-best winning percentage and best run differential in MLB. Now, they're looking to fortify their team for the stretch run and into the postseason, and they're armed with a wealth of prospects whom they could use to push through a blockbuster deal. Here's the latest:

Considering the Rangers' recent history in the World Series, and the fact that they're facing the very real possibility of Josh Hamilton departing as a free agent in the offseason, one AL personnel exec said he'd be shocked if Texas didn't make a move for a top-of-the-rotation starter such as Cole Hamels or Josh Johnson, reports Joel Sherman of the New York Post (Twitter links). We already heard earlier today that the Rangers would be willing to acquire Hamels without the added complication of working out a contract extension.

Similarly, the Rangers are focused on acquiring a starting pitcher, such as Hamels or Zack Greinke, who can be a "difference-maker" for them once they reach the postseason, writes T.R. Sullivan of MLB.com. Texas won't let the prospect of losing the draft pick attached to an outgoing free agent thwart their plans to acquire such a starter, adds Sullivan. In other words, it sounds like they're fine with acquiring a rental type. One alternative, though, would be "fortifying the bullpen" and deploying Alexi Ogando as a starter.

In addition to Hamels, Greinke and Johnson, the Rangers are also "in the mix" for Rays right-hander James Shields, and they would also be interested in reacquiring Phillies lefty Cliff Lee if he's made available, reports Ken Rosenthal of FOXSports.com (Twitter links). The latter scenario, however, appears unlikely, Rosenthal adds.

We can't say for sure how things will shake out, but the Rangers certainly look like as strong a candidate as anyone to make a splash for one of the premium pitchers on the trade market before the deadline.


Cole Hamels Rumors: Tuesday

Phillies left-hander Cole Hamels, an impending free agent, headlines a strong group of starting pitchers who could be traded before next week's deadline. But while Hamels may be dealt, there's also a chance he could re-sign with the Phils, the only team for which he's played. Here's the latest:

  • The Phillies at least floated the idea of a six-year, $140MM extension to Cole Hamels, a rival MLB official told Joel Sherman of the New York Post (Twitter link). Hamels hasn't said 'yes,' which increases the likelihood of a trade, as Sherman points out. The Phillies offered Hamels six years and about $135MM, Bob Nightengale of USA Today reports (on Twitter). The left-hander is still trying to decide whether to accept the offer or hit free agency.
  • The Rangers won't insist upon negotiating a contract extension with Hamels should they get deep into trade discussions with the Phillies, reports Buster Olney of ESPN.com (via Twitter).
  • There has been some progress between the sides, which has prompted optimism within the Phillies that a deal can get done, writes Jon Heyman of CBSSports.com. But obstacles remain to hammering out a deal. 
  • The Phils and Hamels are working to bring discussions to a head so that they can proceed accordingly, a source tells Jayson Stark of ESPN.com.

Phillies Close To Extension With Cole Hamels

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.


Rosenthal On Marlins, Ichiro, Rangers, Pence

The Marlins aren’t thinking about firing manager Ozzie Guillen, but are expected to continue discussing potential trades in the week leading up to the MLB trade deadline, Ken Rosenthal of FOX Sports reports. The 45-51 Marlins sent Anibal Sanchez and Omar Infante to Detroit yesterday, signaling that they don’t expect to contend in 2012. Here are more of Rosenthal’s notes…

  • Hanley Ramirez could be the next player traded, Rosenthal reports. The Marlins tried to send the third baseman to Boston last week and they’re still open to moving him.
  • The Marlins figure to shop Heath Bell aggressively, even though he’s just four months into a three-year contract.
  • Teams covet Josh Johnson, who’s under contract for 2013.
  • Ichiro Suzuki is “a lot better than you think” once you take defense and baserunning into consideration, one executive tells Rosenthal. The Yankees acquired the veteran outfielder from Seattle yesterday.
  • The Rangers would love to obtain a top-of-the-rotation starter, but they believe they could address their rotation issues internally if necessary. Cole Hamels will be atop the Rangers’ list of potential targets if the Phillies don’t re-sign him.
  • The Phillies are indicating to other teams that they’re eager to move Hunter Pence. The right fielder will remain under team control through 2013, when he’s expected to obtain a raise and earn $13-14MM.
  • Rosenthal mentioned this yesterday, but it’s worth repeating: the Nationals are among the teams interested in Zack Greinke.

Cole Hamels Rumors: Monday

Extension talks between Cole Hamels and the Phillies will accelerate this week, but the left-hander is “conflicted” about his next step, Ken Rosenthal of FOX Sports reported this morning. The Phillies will almost certainly trade Hamels if he doesn’t accept their extension offer, Rosenthal noted. Here are the latest rumors surrounding Hamels with eight days to go before the trade deadline…

  • The Phillies are still "actively trying" to sign Hamels, writes Jim Salisbury of CSNPhilly.com. One "plugged-in" source told Salisbury that he thinks an extension will be reached.
  • The negotiations are reaching a “sensitive” stage, ESPN.com’s Jerry Crasnick reports. The Phillies, who have offered Hamels a six-year deal in the $127.5MM range, must save themselves a window to discuss trades in case they can’t agree to terms with Hamels on an extension.
  • The Cardinals could be a suitor for Hamels if he reaches free agency, Crasnick writes. Hamels' wife is from Missouri.

Rosenthal On Hamels, Giants, Brewers

Talks between Cole Hamels and the Phillies will accelerate this week, as the sides consider the possibility of a mid-season extension, Ken Rosenthal of FOX Sports writes. Hamels must decide whether to accept an offer from the Phillies with the trade deadline looming and free agency just a couple of months away. The left-hander is “conflicted” about how to proceed, Rosenthal writes. The Phillies will almost certainly trade Hamels if they don’t sign him to a long-term deal, Rosenthal reports. Here are more notes from around MLB…

  • The Giants’ biggest offensive need might be a right-handed hitting outfielder.
  • A rival executive notes that the Nationals have relied heavily on their bullpen and suggests it’d make sense for Washington to add a starting pitcher this summer.
  • The Twins would want a major return if they trade Josh Willingham, who has a reasonable three-year, $21MM contract.
  • Some teams like Asher Wojciechowski, a right-handed pitching prospect acquired by the Astros from Toronto in last week’s ten-player deal. Overall the trade wasn’t considered a blockbuster, however.
  • Brewers relievers Manny Parra and Kameron Loe are drawing interest.
  • The Phillies might need to include cash if they trade Shane Victorino. Including salary relief could help the team obtain better prospects for the prospective free agent.

Poll: Which Starter Would Provide Biggest Boost?

The addition of a player such as Zack Greinke or Matt Garza may mean the difference of making the playoffs or spending October on the golf course for a team like the Braves. With the non-waiver trade deadline looming, teams will be forced to consider the value of trading for a front-of-the-rotation starter and how that particular move may impact the remainder of the season.

The question becomes which available starting pitcher will contribute the most down the stretch to help a team reach its goals for the season. Will Ryan Dempster prove to be the second coming of C.C. Sabathia during his stint with the Brewers? Or will Cole Hamels flame out like Ubaldo Jimenez after he arrived in Cleveland last July?