Cole Hamels is set to remain with the Philadelphia Phillies, signing a six year, $144 million deal through the 2018 season. The deal also includes a vesting option for a seventh season. The deal makes Hamels the richest player in team history, and the deal includes a limited no-trade clause. It is the second biggest deal for a pitcher, only exceded by CC Sabathia when he signed with the Yankees back in 2008. Hamels could have even earned more money had he waited a few months for free agency to come.
The Phillies have invested $68 million in three starting pitchers for 2013, with Hamels, Cliff Lee and Roy Halladay all signed. The Hamels deal is similar to Lee’s, who will be paid an average of $24 million over five years, with an option for a sixth year come 2018.