Dec 14, 2010, 9:13 PM EDT
UPDATE: NBC 10 in Philadelphia provides the photo evidence that Cliff Lee has arrived. And boy, do his eyes look mighty tired. Must be from staring at multiple offers of $100-plus million over the past week. Poor guy.
9:13 PM: You probably thought we were done talking about Cliff Lee, huh? Nope, not yet.
According to Jerry Crasnick of ESPN.com, Lee will be in Philadelphia for a physical tomorrow and his deal with the Phillies could be officially announced later in the day.
Just to bring you up to speed, Lee and the Phillies have reportedly agreed to terms on a five-year, $120 million contract. The deal includes a $27.5 million vesting option for 2016 which could bring the total value of the contract to $135 million over six years.
According to the Associated Press, Lee will make $11 million next season, $21.5 million in 2012 and $25 million from 2013-2015. There’s a $12.5 million buyout on his vesting option for 2016.
In order for the option to vest, Lee must either log 200 innings in 2015 or 400 total innings between 2014 and 2015. He also must not finish the 2015 season on the disabled list because of a left shoulder or elbow injury.
And so, while Lee turned down more guaranteed money from the Rangers and Yankees, Ken Rosenthal of FOXSports.com writes that the southpaw’s $24 million annual average value (AAV) will be the highest ever for a pitcher on a multi-year contract.
- Both the Phillies and the Rangers did well in the Cole Hamels trade 50
- Rangers land ace left-hander Cole Hamels from Phillies 101
- Mets, Brewers call off reported Carlos Gomez trade 74
- Dodgers, Marlins, Braves trade involving Mat Latos “simply being held up by paperwork” 73
- The Tigers are going to “reboot;” plan to trade Price and Cespedes 74
- Why do managers wear uniforms anyway? 49
- And That Happened: Tuesday’s scores and highlights 51
- Astros “making a strong effort” for Phillies ace Cole Hamels 32
- The MLBPA is considering withholding cooperation with ESPN, Fox over Colin Cowherd’s comments (157)
- The Cubs are in discussions with the Phillies on Cole Hamels (146)
- Colin Cowherd wonders how baseball can be considered “complicated” if Dominicans can understand it (129)
- Major League Baseball rips Colin Cowherd in an official statement (123)
- Settling the Scores: Wednesday’s results (106)