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Wednesday, July 25, 2012

Reports: Hamels, Phillies agree to long-term deal

While you were sleeping, the Phillies have reportedly reached the finish line in keeping Cole Hamels away from free agency.

The Phillies and Hamels have agreed to a six-year deal, $144 million deal, according to early morning reports from both CBSSports.com and USAToday. Bob Nightengale of USAToday also reported the deal includes a vesting option for a seventh season that could bring the total value of the contract in excess of $160 million.

 Late Tuesday night, foxsports.com first reported the six-year deal was "close" to being finalized by the two sides.

The Phils haven't confirmed the deal as of 7:30 a.m. Wednesday.

If and when they do announce it, there's not doubt Ruben Amaro Jr. and Phils management will be ecstatic to share the news. In locking up Hamels for the long-term, the Phils keep a three-time All-Star and World Series MVP in their rotation through the 2019 season.

They also keep him from entering a winter bidding war with the likes of the Los Angeles Dodgers, New York Yankees, Boston Red Sox. The reported, total value of Hamels deal would be the second highest ever for a pitcher; CC Sabathia's seven-year, $161 million deal is the highest.

Hamels will reportedly make an average or $24 million per year in the next six seasons; it's the same annual average salary as rotation mate Cliff Lee, who signed a five-year, $120 million deal with the Phils two winters ago.

The 28-year-old Hamels first joined the Phillies as their first-round pick (17th overall) in the 2002 draft. When his new deal becomes official, Hamels will be locked up through his 34th birthday.


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