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Report: The Phillies to offer Hamels $120 million. It still won’t be enough.

Jul 16, 2012, 5:01 PM EDT

Cole Hamels Getty Images

I expect we’ll get a lot of this in the coming weeks then, when Hamels doesn’t sign an extension, it will go quiet. Then, when it comes to free agent time, the numbers will be higher. But for the time being, Jon Heyman reports:

The Phillies are said to be planning to offer at least $120 million to star lefthander Cole Hamels in an effort to keep him in Philadelphia and prevent him from becoming a free agent, according to sources.

That’s a lot of money, but I don’t think it’s nearly enough to get it done. It’s less than Matt Cain‘s deal. Less than Johan Santana, CC Sabathia too. ┬áThere is every reason for Hamels to think he could go out and get the highest free agent pitcher deal ever if he hits the market, so $120 million will not keep him from trying.

Can’t fault Philly for trying something, but unless or until the offer becomes a top-of-the-market kind of thing, this is more about “we tried to keep our guy” optics than it is a real offer.

  1. ame123 - Jul 16, 2012 at 5:05 PM

    Pretty flimsy on the facts here. Phillies don’t usually leak these kinds of things.

    • proudlycanadian - Jul 16, 2012 at 5:11 PM

      It is Heyman. He sometimes gets the facts quite wrong.

  2. liverpoolred04 - Jul 16, 2012 at 5:13 PM

    Lot of money for someone who has only won 15 games once, of course it is the Phillies.

    • redguy12588 - Jul 16, 2012 at 5:21 PM

      Stick to soccer if you’re gonna use pitcher wins.

      • CJ - Jul 16, 2012 at 5:56 PM

        that’s even sillier than measuring a goalie’s worth/effectiveness in wins.

  3. joejaws75 - Jul 16, 2012 at 5:17 PM

    Well since RAJ doesn’t Let anyone know what the phillies do this is probably inaccurate. After all it was Heyman who reported right up till it happened that Puljols was a marlin

  4. randygnyc - Jul 16, 2012 at 5:27 PM

    If this is true, I can see why the phillies would do this. Perhaps the phillies know they can’t resign Cole. If that’s the case, they’d be wise to leak the incremental offers (last week 100 million, now 120 million). At the very least it may appear to the fans that the phillies tried but Cole wanted too much (read-greedy). Sure losing cole would hurt the phillies, but they would have to spin a narrative with regards to damage control to appease the fan base.

    • CJ - Jul 16, 2012 at 6:03 PM

      if it’s 5×25 like Lee’s, I think some Philly fans might believe that the Phillies “tried”, almost all won’t fault him for rejecting it, and some will bemoan the offer as insulting. Given that the Phillies helped set the market for premier lefties with the Lee deal, and Hamels has outperformed Lee (or at the very least kept pace with him) for the majority of that deal.

      I won’t go so far as calling it insulting, but given his WS ring, WS MVP, his having come up in this system, and Lee having taken “a discount” to come to Philly on that deal, and the fact that Hamels is much younger than Lee was at the time, Hamels would be crazy to take that deal. If they can’t sign him they have to trade him. I guess I’ll just have to get used to him pitching in Arlington in October.

  5. philly4lyfe - Jul 16, 2012 at 5:31 PM

    Wins are important, but I feel like his world series MVP counts for more than that. You want a guy that has proven he can perform in clutch situations which he clearly has.

    • churchoftheperpetuallyoutraged - Jul 16, 2012 at 6:03 PM

      David Eckstein has a WS MVP. Baseball is an amazing game, anything can happen in a small sample size.

  6. hansob - Jul 16, 2012 at 5:31 PM

    unless that’s over 3 years, I think Hamels hits the open market.

  7. xmatt0926x - Jul 16, 2012 at 5:42 PM

    For the people saying that there’s no way the phillies leaked this, don’t kid yourselves. Yeah, it may be Heyman just blowing smoke but it could very well be the Phillies firing the first salvo in an effort to show they made an effort. Doesn’t mean they won’t sign him but the rules are different in every case. Hamels is a homegrown, elite ace with a world series mvp to his name. You don’t just let a guy like that go without worrying about public perception. This could very well be the unique case where the Phillies want every offer they make to be out there just so they can cover their ass from the horrific fallout that will follow if he walks. Every Phillies fan over 30 remembers that this ownership group was perceived as cheap and unwilling to compete for a whole generation before they opened Citizens Bank Park and the cash began to flow like water. The Phillies have won for 5 years now but I don’t think they have a free pass with the hardcore fan base.

  8. drmonkeyarmy - Jul 16, 2012 at 5:42 PM

    For heaven’s sake people, any moron (in this case Heyman) could rightfully assume the Phillies would offer Hamels at least 120 million.

  9. O.Handwasher - Jul 16, 2012 at 5:50 PM

    The Phillies are just doing what they can to make sure Hamels looks like a villain when he makes his “not about the money” decision to go to the Dodgers.

  10. willsolo - Jul 16, 2012 at 5:51 PM

    Boras client. Enough said. If the Phils resign him for more than the 5/120, they will have 4-5 players making at least $20 million a year for the next few years. Just doesn’t make sense.

    • churchoftheperpetuallyoutraged - Jul 16, 2012 at 6:04 PM

      Maybe they shouldn’t have given Ryan Howard a $25M AAV contract then?

      • willsolo - Jul 16, 2012 at 6:06 PM

        I’m trying to find other words to use besides “duh” and “obviously”. How about “no shit”?

    • CJ - Jul 16, 2012 at 6:16 PM

      so because they’ve made mistakes signing guys to huge deals before means they should make another mistake and let Hamels walk. Makes perfect sense. To you, at least.

      • willsolo - Jul 16, 2012 at 6:22 PM

        I’m not saying they should let him walk, but think about it in a financial sense. They won’t have as much money to be able to resign any other players. It’s great they are trying, but I think this is more for the fans not to go crazy on ownership saying they just let him walk.

      • CJ - Jul 16, 2012 at 6:39 PM

        this team threw ‘financial sense’ out the window when they paid howard a huge above market deal when he’d be a free agent the same year as even more talented 1Bs in smaller markets that couldn’t afford them.

        sure it’s easy to say that in hindsight, but I was against it at the time, and I wasn’t the only one. He’d have been a FA this past winter, same as Fielder and Pujols. And a couple mid-level guys as well. That’s the mistake (even before the injury) that really screwed them over.

    • Eberwizzle - Jul 16, 2012 at 7:26 PM

      Willsolo……U sure Boras is his agent?

  11. tsi431 - Jul 16, 2012 at 5:52 PM

    He isn’t a young buck, he will be 29 this year. I can’t see a team giving him more then a 6 year deal. 6 year 120M would be my guess of what the Phil’s offered. He will probably end up with 25 mil a year.

    He will be the same age as Johan when he signed his deal (6 year 137.5M, and Johan had better numbers at his age.

  12. xpensivewinos - Jul 16, 2012 at 6:08 PM

    Boras client. Enough said.

    You are wrong. Cole Hamels is not a Boras client.

  13. bleed4philly - Jul 16, 2012 at 6:08 PM

    That’s the same deal Cliff Lee got. I think Philly wants everyone to know they’re trying, but ultimately, and I hate to say this, he’s as good as gone.

  14. vallewho - Jul 16, 2012 at 6:35 PM

    Hamels is no CC Sabathia or Johan Santana, but I bet someone is willing to put up more than 120 for the lefty.

  15. baseballisboring - Jul 16, 2012 at 6:44 PM

    They just need to dump him. I thiink after this year the Phils are gonna be looking at a pretty serious rebuild situation…that’s the price you pay for going all in for a few years. They’re aging rapidly, but they still have some veterans that would be good trade chips. I think they need to blow it up, get some prospects that are close to MLB ready, string together a few good drafts and they’ll be good again in no time. But for what they’re already paying Lee, Howard, Halladay…there’s no way they can have sustained success if 50+% of their payroll is tied up in 4 or 5 guys.

  16. Gonzo - Jul 16, 2012 at 7:15 PM

    6 years $150M is a serious offer. Anything less than that is posturing.

    • stan97 - Jul 16, 2012 at 9:17 PM

      Exact numbers I came up with as well.

      I would have to think that would certainly get it done.

  17. pkswally024 - Jul 16, 2012 at 7:47 PM

    I still just can’t get over how much money these guys make…

  18. mojosmagic - Jul 17, 2012 at 11:43 AM

    If Hamels wants to extract every last dolor from the Phillies it might not be enough. How much is enough? Like 5 million more is going to change his life. If he turns it down the Phillies should trade him and move on.

  19. dannythebisforbeast - Jul 17, 2012 at 1:01 PM

    If it was leaked by the phillies it means hes not getting signed. the deals amaro has put together to this point have been top secret until they are done

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