Aug 13, 2012; Miami, FL, USA; Philadelphia Phillies starting pitcher Cole Hamels (35) looks on from the dugout during the second inning against the Miami Marlins at Marlins Park. Mandatory Credit: Steve Mitchell-US PRESSWIRE

Cole Hamels Signs Deal to Stay With The Phillies

As Cole Hamels has performed so well for the Philadelphia Phillies, it is no surprise that they have decided to keep him on with the team. In his last start, the player allowed five runs and received a standing ovation from the crowd as he walked off the field. He has said that the experience was emotional and that this was what really made him decide that he wanted to stay with the Phillies. On Wednesday 25th July, he was given another reason to stay with the team, as he signed a contract for $144 million. This will keep him with the Phillies for six years and it is worth around $24 million each season.

The new contract means that he will no longer become a free agent in November, as well as including a limited no-trade provision and a club vesting option for 2019. This will set Hamels up for the foreseeable future, providing him with a good amount of financial security. He will now be able to relax in his spare time and spend money on hobbies like playing on, or go on holiday with family and friends. While with the team, he will have to work hard and live up to the largest contract signed by a Philadelphia athlete. It is also the second largest for a pitcher, with CC Sabathia’s 2008 $161 million signing with the New York Yankees ranking above Hamels’.

Hamels is now the third Phillies starter to make $20 million a season, along with Cliff Lee and Roy Halladay. The Phillies drafted Hamels back in 2002 and he has chosen to stay with them, despite the possibility of earning more money on the open market. The next few years should be good for the player and the team, who can more forward with Hamels in their midst.

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