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Year-by-year breakdown of Cole Hamels’ $144 million deal

Aug 9, 2012, 11:19 AM EDT

Cole Hamels Getty Images

Todd Zolecki of MLB.com has the details of Cole Hamels‘ six-year, $144 million contract extension with the Phillies, which keeps the 28-year-old left-hander from hitting the open market as a free agent this offseason:

Signing bonus: $6 million
2013: $19.5 million
2014: $22.5 million
2015: $22.5 million
2016: $22.5 million
2017: $22.5 million
2018: $22.5 million
2019: $19 million option or $6 million buyout

There’s a slight twist with that 2019 option in that it vests and becomes a $24 million option if Hamels throws at least 400 innings in 2017-2018, including at least 200 innings in 2018, and isn’t on the disabled list at the end of 2018.

There’s also a bunch of bonuses for awards and All-Star appearances, which Zolecki details further, and the contract includes a limited no-trade clause.

  1. ame123 - Aug 9, 2012 at 11:23 AM

    Which year does the 6 million dollar bonus count against?

    • surefooted1 - Aug 9, 2012 at 11:29 AM

      Baseball salaries are calculated for cap purposes as the average anual value (AAV) on the total contract. So for Hamels, his AAV will be $24 million and count for that in all 6 years.

      • jsidewalk - Aug 10, 2012 at 9:12 AM

        Because he signed an extension this year will count as well. So it’s really $21.85 for all 7 years.

  2. Glenn - Aug 9, 2012 at 12:01 PM

    The Phillies sure have a lot of money tied up into a few pitchers. They have the most expensive closer in baseball who, as Craig pointed out, has only been used in a few high leverage innings all year. They also have that Ryan Howard contract.

    • chadjones27 - Aug 9, 2012 at 1:23 PM

      Hey, Ryan Howard is underrated! Sorry, reflex. What were we talking about?

  3. danfrommv - Aug 9, 2012 at 4:53 PM

    “There’s a slight twist with that 2019 option in that it vests and becomes a $24 million option if Hamels throws at least 400 innings in 2017-2018, including at least 200 innings in 2018, and isn’t on the disabled list at the end of 2018.”

    So if he sucks at the end of the contract, but isn’t injured, do the Phillies have one of their players “accidentally” hit him with a bat to send him to the DL?

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