Hamels, Phillies agree on 3-year deal, $20.5M deal
stevek
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Hamels, Phillies agree on 3-year deal, $20.5M deal
1 hour ago
PHILADELPHIA (AP) — Left-hander Cole Hamels signed a three-year, $20.5 million contract with the Philadelphia Phillies, the team confirmed Sunday.
The contract, which runs through the 2011 season, allows the 25-year-old World Series MVP winner and the Phillies to avoid an arbitration hearing.
"Cole has been an integral part of our club," Phillies general manager Ruben Amaro Jr. said in a statement. "Based on his 2008 and postseason performance, he has established himself as a true number one starter."
Hamels went 4-0 in the postseason with an 1.80 ERA as the Phillies claimed their first championship since 1980. He won the first game in three playoff series and took the MVP award in the NL championship series against the Dodgers.
He was 14-10 with two shutouts a 3.09 ERA during the regular season and was eligible for arbitration for the first time. He made 33 starts and pitched a career-high 227 1-3 innings, finishing with 196 strikeouts and 53 walks.
Hamels was a first-round pick in 2002. He made his major league debut in 2006 and led the team with 15 wins in his first full season in 2007.
Phillies players remaining in arbitration are first baseman Ryan Howard, outfielders Shane Victorino and Jayson Werth and right-handers Joe Blanton, Chad Durbin and Ryan Madson. Those who don't settle by Tuesday will exchange figures with the club, and hearings are to take place next month.
1 hour ago
PHILADELPHIA (AP) — Left-hander Cole Hamels signed a three-year, $20.5 million contract with the Philadelphia Phillies, the team confirmed Sunday.
The contract, which runs through the 2011 season, allows the 25-year-old World Series MVP winner and the Phillies to avoid an arbitration hearing.
"Cole has been an integral part of our club," Phillies general manager Ruben Amaro Jr. said in a statement. "Based on his 2008 and postseason performance, he has established himself as a true number one starter."
Hamels went 4-0 in the postseason with an 1.80 ERA as the Phillies claimed their first championship since 1980. He won the first game in three playoff series and took the MVP award in the NL championship series against the Dodgers.
He was 14-10 with two shutouts a 3.09 ERA during the regular season and was eligible for arbitration for the first time. He made 33 starts and pitched a career-high 227 1-3 innings, finishing with 196 strikeouts and 53 walks.
Hamels was a first-round pick in 2002. He made his major league debut in 2006 and led the team with 15 wins in his first full season in 2007.
Phillies players remaining in arbitration are first baseman Ryan Howard, outfielders Shane Victorino and Jayson Werth and right-handers Joe Blanton, Chad Durbin and Ryan Madson. Those who don't settle by Tuesday will exchange figures with the club, and hearings are to take place next month.
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Comments
http://sportsfansnews.com/author/andy-fischer/
Brian
<< <i>Shoulda signed him for more years. >>
My (admittedly) limited understanding is that signing pitchers to long term deals is usually a very bad idea. You might hit the jackpot, but you might also end up with a Hershiser, Hampton, Pavano, Jason Schmidt, etc. In other words, it's very difficult to predict with any certainty how a pitcher will perform going forward, due to the high frequency of injury.
Three years sounds just about right, and at that price he sure seems like a steal. A big '+1' to the Phillies GM!
PS-- I bought that book yesterday, BF, and I'm almost done with it already. Thanks for the tip!
<< <i>
<< <i>Shoulda signed him for more years. >>
My (admittedly) limited understanding is that signing pitchers to long term deals is usually a very bad idea. You might hit the jackpot, but you might also end up with a Hershiser, Hampton, Pavano, Jason Schmidt, etc. In other words, it's very difficult to predict with any certainty how a pitcher will perform going forward, due to the high frequency of injury.
Three years sounds just about right, and at that price he sure seems like a steal. A big '+1' to the Phillies GM!
PS-- I bought that book yesterday, BF, and I'm almost done with it already. Thanks for the tip! >>
Just wondering how Orel Hershiser fits into your statement. From what I recall he had a fine career with the Dodgers and pitched a few solid years with the Indians. Of course he should have retired after he didn't re-sign with the Indians, but he chose to pitch while he was 39 to 41. He still pitched respectable in the 2 of his last 3 years and his last year I believe was him trying to retire as a Dodger.
Brian
<< <i>
<< <i>Shoulda signed him for more years. >>
My (admittedly) limited understanding is that signing pitchers to long term deals is usually a very bad idea. You might hit the jackpot, but you might also end up with a Hershiser, Hampton, Pavano, Jason Schmidt, etc. In other words, it's very difficult to predict with any certainty how a pitcher will perform going forward, due to the high frequency of injury.
Three years sounds just about right, and at that price he sure seems like a steal. A big '+1' to the Phillies GM!
PS-- I bought that book yesterday, BF, and I'm almost done with it already. Thanks for the tip! >>
There are four possible outcomes that can happen during this short contract,
1) he pitches terrificly and earns 20ish million on his next contract.
2) He pitches ok, he still gets a raise to around 10-12 million on his next contract.
3)he pitches poorly, he gets paid about the same per year on his next contract.
4) he gets hurt and doesnt pitch for a large portion of his 3 year deal.
For the short term contract to be the right move, he will either have to pitch poorly or get hurt. If you consider those as options on a young guy like Hamels, you should probably be in a less pressure filled job than the GM of a MLB team. For it to be the wrong move, he will have to pitch superbly, or just ok.
Because the money difference in his next contract in those two situations is such a large increase, I think it is a safe play to sign young, greatly talented players, to long term deals if you can get them to go for it.
I DO agree that if a player is already making a high salary, or is higher in age, then it is a poor move to sign said player to a long term deal. The difference here is that Hamels is coming in much cheaper than similar talents in the league. Unless you are one of the high rollers among MLB teams and money is not an issue, you must take some risk in order to try and get an edge on the competition. Most teams mess this up by signing older veterans to long term deals thinking they are "workhorses" or "innings eaters". Those players are more likely to be on the decline. Also, the odds of that decline happening in the lifespan of the contract is much greater than when you are signing a player in the 25 year old range who should theoretically be coming into their prime. Obviously the injury risk is still there, but it is not like these teams are subjected to a salary cap, nor are they living hand to mouth, they can afford the risk for the (IMO) greater reward if it pans out.
Im glad you liked the book, i plan on grabbing the one you posted next week.
http://sportsfansnews.com/author/andy-fischer/
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
<< <i>
<< <i>
<< <i>Shoulda signed him for more years. >>
My (admittedly) limited understanding is that signing pitchers to long term deals is usually a very bad idea. You might hit the jackpot, but you might also end up with a Hershiser, Hampton, Pavano, Jason Schmidt, etc. In other words, it's very difficult to predict with any certainty how a pitcher will perform going forward, due to the high frequency of injury.
Three years sounds just about right, and at that price he sure seems like a steal. A big '+1' to the Phillies GM!
PS-- I bought that book yesterday, BF, and I'm almost done with it already. Thanks for the tip! >>
There are four possible outcomes that can happen during this short contract,
1) he pitches terrificly and earns 20ish million on his next contract.
2) He pitches ok, he still gets a raise to around 10-12 million on his next contract.
3)he pitches poorly, he gets paid about the same per year on his next contract.
4) he gets hurt and doesnt pitch for a large portion of his 3 year deal.
For the short term contract to be the right move, he will either have to pitch poorly or get hurt. If you consider those as options on a young guy like Hamels, you should probably be in a less pressure filled job than the GM of a MLB team. For it to be the wrong move, he will have to pitch superbly, or just ok.
Because the money difference in his next contract in those two situations is such a large increase, I think it is a safe play to sign young, greatly talented players, to long term deals if you can get them to go for it.
I DO agree that if a player is already making a high salary, or is higher in age, then it is a poor move to sign said player to a long term deal. The difference here is that Hamels is coming in much cheaper than similar talents in the league. Unless you are one of the high rollers among MLB teams and money is not an issue, you must take some risk in order to try and get an edge on the competition. Most teams mess this up by signing older veterans to long term deals thinking they are "workhorses" or "innings eaters". Those players are more likely to be on the decline. Also, the odds of that decline happening in the lifespan of the contract is much greater than when you are signing a player in the 25 year old range who should theoretically be coming into their prime. Obviously the injury risk is still there, but it is not like these teams are subjected to a salary cap, nor are they living hand to mouth, they can afford the risk for the (IMO) greater reward if it pans out.
Im glad you liked the book, i plan on grabbing the one you posted next week. >>
I would have to do more research before I felt comfortable extending the discussion. I do, however, have a question:
1) Why would Hamels sign for appreciably less than his market value? His price 'seems' low to me, but then I've never understood baseball contracts to begin with (a classic example would the Ryan Howard fiasco, where he won a $10 million arbitration case. Why is he only making $10 million a year). Hopefully someone with more knowledge than I about baseball contracts-- particular pitcher deals, and how they're usually structured-- can weigh in.
<< <i>
<< <i>
<< <i>Shoulda signed him for more years. >>
My (admittedly) limited understanding is that signing pitchers to long term deals is usually a very bad idea. You might hit the jackpot, but you might also end up with a Hershiser, Hampton, Pavano, Jason Schmidt, etc. In other words, it's very difficult to predict with any certainty how a pitcher will perform going forward, due to the high frequency of injury.
Three years sounds just about right, and at that price he sure seems like a steal. A big '+1' to the Phillies GM!
PS-- I bought that book yesterday, BF, and I'm almost done with it already. Thanks for the tip! >>
Just wondering how Orel Hershiser fits into your statement. From what I recall he had a fine career with the Dodgers and pitched a few solid years with the Indians. Of course he should have retired after he didn't re-sign with the Indians, but he chose to pitch while he was 39 to 41. He still pitched respectable in the 2 of his last 3 years and his last year I believe was him trying to retire as a Dodger.
Brian >>
Hershiser fits in because of the deal he signed with the Dodgers before the '88 season. It was, at the time, a HUGE deal for a pitcher, and he pitched well the next two seasons but then lost the '90 season due to injury. He came back afterwards (and was a fine major league pitcher for quite some time), but he never regained the form that he had pre- '90.
looking for PELLE LINDBERGH's psa and 1960 fleer baseball psa 8 and up
sets in progress
R.I.P. Barstow 24 April 1999 - May 15 2009
<< <i>another over paid player >>
The fact that he's not an illegal from Cuba should make his contract a little easier for you to swallow.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
No the sky is falling speel? Geez the Phillies are going to go bankrupt now I tell ya.
Steve
Then the Yankees will sign him and Stevek will moan about it here.
Steve
of 3 years at 7 mil per. If he was elgible and went to arbitration he may have gotten more but it is only for 1 year.
After 6 service years a player if not under contract can file for free agency.
In arbitration the player states a figure and management states a figure. the arbiter picks one.
I think a player is elgible for arbitration after his 3rd year is completed.
Steve
<< <i>Stevek no outrageous indignation? 7 million a year for a player that will see maybe 35 games a year?
No the sky is falling speel? Geez the Phillies are going to go bankrupt now I tell ya.
Steve >>
That's because teams like your Mets force other teams to pay these exorbitant salaries, and you know that, so stop acting silly like you don't understand.
<< <i>I don't think Cole wanted more years. When this contract ends he will be in his free agent year.
Then the Yankees will sign him and Stevek will moan about it here.
Steve >>
No, the Phillies and some other teams like the Red Sox, grew tired of being like a NY farm team with your Mets being able to steal players basically at will - Those days are over!
<< <i>I don't think Cole wanted more years. When this contract ends he will be in his free agent year.
Then the Yankees will sign him and Stevek will moan about it here.
Steve >>
I realize the Hamels probably wanted this short contract, and for all i know they tried to sign him longer, it would have been nice for them to sign him for a few more years if at all possible though.
http://sportsfansnews.com/author/andy-fischer/
<< <i>Why would Hamels sign for appreciably less than his market value? His price 'seems' low to me, but then I've never understood baseball contracts to begin with (a classic example would the Ryan Howard fiasco, where he won a $10 million arbitration case. Why is he only making $10 million a year). Hopefully someone with more knowledge than I about baseball contracts-- particular pitcher deals, and how they're usually structured-- can weigh in. >>
Baseball, as I am sure you know, is unlike the other major pro sports leagues when it comes to player salary. In NBA and NFL, players get larger upfront contracts, in baseball, they are reluctant to give the player high priced deals early on, for good reason. I think owners are not willing to pay money towards young talent for no other reason then that is just he way they have always done it. It is much more of a "good 'ol boys club" among owners, and status que is often slow and resistant to change. The owners know they have a good thing going by keeping young players salary down. I really dont know a good answer for it besides this.
http://sportsfansnews.com/author/andy-fischer/
The Phillies avoid losing in arbitration where they could have paid him his asking price.
He is happy, he gets the security of a 3 year contract.
Arbitration is a 1 yr gig.
At the end of this contract he becomes a free agent.
Stevek your team wins once every 25 years at best, so I'm not at all worried.
Steve
<< <i>7 million a year and the guy is entering his 4th season is pretty darn good money.
The Phillies avoid losing in arbitration where they could have paid him his asking price.
He is happy, he gets the security of a 3 year contract.
Arbitration is a 1 yr gig.
At the end of this contract he becomes a free agent.
Stevek your team wins once every 25 years at best, so I'm not at all worried.
Steve >>
Maybe you'll start worrying when the Phillies win the NL East this season...again, and then again, and then.....
Steve
<< <i>Yawn
Steve >>
Yea, if I was a fan of the "infamous" choke artist Mets, I'd be yawning to.
Steve
<< <i>This from a fan of a team that is the all time chokers themselves.
Steve >>
Ha! Ha! You know that nothing, and I do mean nothing, can top the way the Mets choked the past two seasons.
Come on Steve admit it, you can do it...admit that your Mets team are a bunch of mercenary choke artists.
<< <i>Hershiser fits in because of the deal he signed with the Dodgers before the '88 season. It was, at the time, a HUGE deal for a pitcher, and he pitched well the next two seasons but then lost the '90 season due to injury. He came back afterwards (and was a fine major league pitcher for quite some time), but he never regained the form that he had pre- '90. >>
Yes he was not the same pitcher, but the Dodgers had some pretty mediocre teams (I really should say very crappy teams) after 88 for many years and it wouldn't have mattered if Orel went 25-1 every year after 88.
Brian
The Sillies are the NL's answer to the Yankees.
The only thing is the Yankees draw 4 million fans and can afford it.
Steve