Cole Hamels reached a 3-year/$20.5M deal
with the Phillies today, making it the highest
annual avg. salary for a stating pitcher in
his first year salary arbitration.
Friday, it was Greg Dobbs. Today, it is NLCS and World Series MVP, Cole Hamels.
The Phillies, who see the largest number of players in salary arbitration this year, have reached an agreement with Hamels for a three-year, $20.5 million deal.
ESPN's Jayson Stark reports that the contract will pay Hamels $4.35 million this year, $6.65 million in 2010 and $9.5 million in 2011.
If Hamels wins the Cy Young Award, his base salary would increase by $500,000 the following season. If he places second or third in the Cy Young voting, the contract would increase by $250,000 in the following season.
It is the largest annual average for a starting pitcher in his first year of salary arbitration (Hamels is considered a “Super-Two” with 2.143 ML service time, fourth lowest in this year’s salary arbitration class).
The signing of Dobbs and Hamels moves the total number of Phillies players left in salary arbitration to six with Joe Blanton, Chad Durbin, Ryan Howard, Ryan Madson, Shane Victorino, and Jayson Werth left on their plate.
Hamels is the fourth salary arbitration eligible player to reach agreement or sign after the filings were released on Thursday. Kevin Youkilis, Darren Oliver, and Greg Dobbs are the others. That leaves 107 salary arbitration eligible players left working towards agreements.
See Salary Arbitration Tracker for updated details
MORE ON SALARY ARBITRATION
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.
Subscribe to The Biz of Baseball