The world champion Philadelphia Phillies have avoided arbitration with ace pitcher Cole Hamels. The Phils have given Hamels a 3-year, $20.5 million contract. The contract will reportedly give Hamels $4.35 million this season, $6.65 in 2010 and $9.5 million in 2011.
In addition, a couple of incentives have been included in this contract:
- If Hamels wins the Cy Young Award, his base salary will increase by $500,000 in the season following the award.
- If Hamels comes in 2nd or 3rd place in Cy Young voting, his salary will increase by $250,000 the following season.
This past season was Hamels’ third with the Phillies. Hamels was an integral part of the Phils’ world championship victory; he went 14-10 with a 3.09 ERA.
In his career with the Phillies, the 26-year old Hamels is 38-23 and 4-1 with a 2.16 ERA in six career postseason starts.