Thursday, August 9, 2012

HBT: Year-by-year look at Hamels' $144M deal

Todd Zolecki of MLB.com has the details of Cole Hamels? six-year, $144 million contract extension with the Phillies, which keeps the 28-year-old left-hander from hitting the open market as a free agent this offseason:

Signing bonus: $6 million
2013: $19.5 million
2014: $22.5 million
2015: $22.5 million
2016: $22.5 million
2017: $22.5 million
2018: $22.5 million
2019: $19 million option or $6 million buyout

There?s a slight twist with that 2019 option in that it vests and becomes a $24 million option if Hamels throws at least 400 innings in 2017-2018, including at least 200 innings in 2018, and isn?t on the disabled list at the end of 2018.

There?s also a bunch of bonuses for awards and All-Star appearances, which Zolecki details further, and the contract includes a limited no-trade clause.

Source: http://hardballtalk.nbcsports.com/2012/08/09/year-by-year-breakdown-of-cole-hamels-144-million-deal/related/

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