Phillies Ink Hamels to $15 Million Deal; Valdez Signs – Phillies Nation

Phillies Ink Hamels to $15 Million Deal; Valdez Signs

Hamels and the Phillies avoided arbitration.

The Phillies and Cole Hamels have come to terms on a one-year, $15 million contract, according to a tweet from’s Jon Heyman.  A source close to Hamels tells me he’s on vacation in Hawaii, so I guess we’ll have to hear from him later on the situation. But, what has been avoided is arbitration, which can sometimes spill some blood between the two sides. Luckily, that was never the case here.

Just before Christmas, I took a stab at the money Hamels would get and was right on in my roster and payroll projections post. This is clearly fair market value for one of the better left-handed pitchers in the game. Now onto bigger and better things.

Next up is a long-term solution. The two sides have been unable to come to terms on that as of now, but that doesn’t mean things can’t change during the season. As we’ve reiterated time and again, Hamels likes it here. And by coming to terms with the Phillies so quickly, it seems like both sides are clearly working in good faith. Always a positive.

Also part of the one-year pact, Hamels also gets $100,000 for MVP, $250,000 for the Cy Young, $100,000 for another World Series MVP, $50,000 for a LCS MVP, Gold Glove, Silver Slugger, and an All-Star selection.

Last season, Hamels made $9.5 million in the final year of a three-year contract.


According to Todd Zolecki of, the Phillies have also re-signed Wilson Valdez for $930,000.  All that remains through arbitration is Hunter Pence.

Click to comment


  1. Manny

    January 17, 2012 at 12:38 pm

    I was hoping they’d use the looming arbitration as an opportunity to lock him up with a multi-year deal….

    That being said, it’s nice to have the certainty that they won’t go through the grueling arbitration process.

  2. EricL

    January 17, 2012 at 12:43 pm

    Fine with this.

    They can actually save money on their cap hit if they sign him to a long-term extension after the season starts, so maybe they’re going in that direction anyway.

  3. Don M

    January 17, 2012 at 12:44 pm

    All indications are that he wants to stay here, and they want to keep him here …. i’m sure his agent wants 7 years… and the Phillies probably want 3-5 (if they were willing to go 5 years on Lee, I believe you need to do that with Hamels as well) ..

    Would he turn down
    5 years, $95 = $19 M per …. with a 6th year option.. and a pretty decent buy-out ?

    Is that more than the Phillies would spend?

  4. tonycpsu

    January 17, 2012 at 1:07 pm

    Silver Slugger? Why not put in a $1 million bonus for winning the triple crown, or a $10 mil bonus for winning the Nobel prize in economics?

    • agam22

      January 17, 2012 at 1:55 pm

      Teams put bogus incentives in contracts all the time so agents and players can trump up the possible value of the deal. Besides, Hamels is a good enough hitter that it’s not completely beyond the realm of possibility

      • Brian Michael

        January 17, 2012 at 2:06 pm

        Those incentives amounts seem relatively small. You’d think a Cy Young would be worth at least $1 million.

        But I guess part of it has to do with how likely the guy is to achieve it. I’d give Valdez at least $5 million for an MVP year.

  5. Mazinman

    January 17, 2012 at 1:26 pm

    This is a good sign I think. It shows that both sides are willing to work something out. I have not heard Cole put any deadlines yet which encourages me to think that they are planning to keep working on this.

  6. betasigmadeltashag

    January 17, 2012 at 2:20 pm

    I have to agree that I like this signing, and I am not sure it is out of the realm of possibility that Cole can win a silver sluffer, each position getshe is a pretty good hitter so maybe. I was wondering about the cap hit on extensions mid season. And what kind of money is coming off the book in 2013 that would make sense to not extend him now.
    I also think you might have to go 5 years 100 million for Cole, I think it will gets done in season as long as it does not count against this years cap, and they are going to need a third basemen with some pop after year when Poly is up I do not see him coming back.

    • EricL

      January 17, 2012 at 2:44 pm

      Just off the top of my head you’ve got Blanton’s $8.5, Victorino’s $10, Thome’s $1.5 and Kendrick’s $3.5 coming off the books, potentially. Also Polanco’s $6, Wiggington’s $4, Contreras’ $2.5 and Ruiz’s $4 are option years, so they could potentially be off the books, although I doubt Ruiz is going anywhere. Polanco could stay if he has a decent year because he’s relatively cheap as far as his value goes. Same for Contreras.

      Victorino could be replaced by Mayberry or Pence if JMJ and/or Brown have a good enough year to merit a starting position. A lot of what direction they go depends on how this season plays out, so it’s hard to say just how much is coming off the books, but they should have some wiggle room.

      • psujoe

        January 17, 2012 at 7:25 pm

        salary numbers to be applied towards the luxury tax threshhold are as follows:

        Blanton $8 million
        Victorino $7.333 million
        Polanco $5.67 million assuming option not exercised
        Ruiz $2.78 million
        Wiggington $1.25 assuming option not exercised

        It’s (Total gaurenteed salary+1st option year buyout #)/gaurenteed years

  7. Lefty

    January 17, 2012 at 3:12 pm

    The fact that they settled this today is a really good sign IMO. When pursuing a long term contract with a player, the last thing you want to do is argue the player’s worth before an arbiter. I think this is great news!

  8. Jeff

    January 17, 2012 at 3:51 pm

    19 million dollars to throw a baseball every 5 days. this is whats wrong with the world and why i stopped watching. amazing.

    • EricL

      January 17, 2012 at 4:12 pm

      Bud Selig gets $22,ooo,ooo a year to make awful decision after awful decision. I find that significantly more distasteful than elite entertainers getting paid well.

      • Chuck A.

        January 17, 2012 at 4:23 pm

        What’s even more distasteful is that he was given a f&@#ing contract extension to make those boneheaded decisions.

      • Manny

        January 17, 2012 at 4:50 pm

        I might get crucified for saying this, but I don’t think what he has done has been all bad… there are several good things that have happened under his tenure that he’s been pushing for a long time.

        $22 million… yea. I was SHOCKED when I learned that’s what he made. That’s insane! I thought he’d make as much as a MLB manager or so.. not Howard/Halladay/Pujols!

    • Pat Gallen

      January 17, 2012 at 4:15 pm

      So Jeff, please dont ever watch TV again (Charlie Sheen made $90 million last year for 2 1/2 men). Don’t ever watch movies again (Adam Sandler/Denzel Washington make $20 million per film). Dont’ ever listen to music. (U2 made like $50 milliion on tour, at least).


      • EricL

        January 17, 2012 at 4:31 pm

        Rule out books too. Forbes estimates J.K. Rowling has made nearly a billion dollars off of her Harry Potter series.

        So, no TV, radio, movies or books. I guess Jeff’s got a lot of fishing and thumb-twiddling in his future.

  9. Jeff Dowder

    January 17, 2012 at 4:04 pm

    Guaranteed in 2013:

    Lee $25M
    Howard $20M
    Halladay $20M
    Utley $15M
    Papelbon $13M
    Rollins $11M

    That’s $104M right there for six players. Approximately $76M left for the other 19.

    I’m thinking that unless Hamels gets hurt or really tanks he could easily command $25M a year on the open market (Yankees? Dodgers under their new ownership?). I also think that if he actually hits the open market he’ll be gone.

  10. Chuck A.

    January 17, 2012 at 4:05 pm

    Nice move by both sides, even if Jeff doesn’t think so (by the way, Jeff, it’s 15M, not 19) .

  11. betasigmadeltashag

    January 17, 2012 at 4:31 pm

    I also like what it cost for Exon, he has proven to be pretty clutch at times, I know a guy who hits 240 with pretty much no pop, is easy to find, but he has a gun and can play pretty much anywhere in the infield, and hits will with guys on base. Plus he can pitch.

  12. Jeff

    January 17, 2012 at 5:18 pm

    Sorry Pat,

    I dont watch Adam Sandler make bad movies. I dont listen to U2 make bad music. I very seldomly watch movies today. I watch the Jimmy Stewarts of the world and James Dean pictures. I listen to Indie music and indie films. I used to enjoy Kevin Smith until he became a big ahole. I realize what actors make today to make bad movies. I will not justify what these ball players make today. They play a game. I realize morons pay 100 upon 1000 to go watch these games. They are not curing cancer or teaching our kids. Not saving lives or protecting us. A game should cost no more then 50 bucks. I am sorry but I cant afford to take my family to watch a phillies game. Not when I make 80 k a year and pay 1000 a month in health insurance. Forget the mortgage and all the other crap. They took my love for the game away. Its not a sport. Baseball is the most uneven sport with no cap. One team can load up and one team cant spend more then what howard is making per year. I can promise you there will be no pirates, A’s, M’s, Cubs, Mets sniffing the playoffs. Real fun.

    • Don M

      January 17, 2012 at 5:45 pm

      If you seem to hate everything about the sport so much “they took my love for the game away”. . . . why do you post on a baseball blog ?

  13. Jeff

    January 17, 2012 at 6:31 pm

    Donnie boy, I saw the post pop up on my facebook page. Sorry

    I guess I cant comment about it. Just giving my opinion. Its a blog right.

  14. Marc T.

    January 17, 2012 at 6:50 pm

    Hopefully this is just the beginning of a long term deal for down the road .. he’s the youngest and can still only get better from here, the Phillies would ignorant if a multi-contract deal is made by the end of the 2012 season. They have some left over contracts that they are paying off which should free some space for him.

    • Jeff Dowder

      January 17, 2012 at 7:08 pm

      Raises due to players already signed quickly eats up any salary relief from players leaving after this season. With approximately $76M left for 19 roster spots, the Phils could use $20M (hopefully in a deal that’s backloaded) for Hamels and (in his last arbitration year) $12M for Pence.

      Guaranteed salaries in 2013:
      Lee $25M
      Howard $20M
      Halladay $20M
      Utley $15M
      Papelbon $13M
      Rollins $11M

      Projected 2013 salaries:
      Hamels $20M
      Pence $12M

      Which leaves $44M for 17 players (based on a $180M payroll). That’s roughly $2.6M per spot. Needs for 2013 would include a starting C, CF, 3B, and possibly LF. It should be interesting to see how this plays out…hopefully they figure out a way to make it work.

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