World Series MVP Hamels and Phillies Agree on Contract, ESPN Says
By Nancy Kercheval
Jan. 17 (Bloomberg) -- Cole Hamels, the 2008 World Series Most Valuable Player, reached an agreement on a three-year, $20.5 million contract with the Philadelphia Phillies to avoid salary arbitration, ESPN said, citing a person familiar with talks.
The Phillies may hold a news conference tomorrow to disclose the contract, which will pay Hamels $4.35 million the first year, $6.65 million in 2010 and $9.5 million in 2011, ESPN said. If the 25-year-old pitcher wins the Cy Young Award, his salary will increase $500,000 the next season, while a second or third place in the voting would boost his pay $250,000.
In his third season with the Phillies, he was 14-10 with a 3.09 earned run average in the regular season, the sports network reported. His career record with the team is 38-23.
“The contract gives Cole a degree of financial security, and it didn’t compromise his last year of arbitration or touch any free-agent years, which was our goal,” John Boggs, the player’s agent, told ESPN.
To contact the reporter on this story: Nancy Kercheval in Washington at nkercheval@bloomberg.net.
Last Updated: January 17, 2009 20:09 EST |
