Agent says Cole Hamels won’t sign for Jered Weaver money

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Cole Hamels and the Phillies avoided arbitration by agreeing to a $15 million one-year deal yesterday and afterward his agent made it clear that the 28-year-old left-hander won’t be signing a Jered Weaver-like extension with free agency waiting next offseason.

That doesn’t mean Hamels won’t bypass free agency to stay in Philadelphia long term, but if it happens the Phillies are going to have to pony up more than the $85 million over five years Weaver accepted from the Angels in August.

Here’s what agent John Boggs told Jim Salisbury of CSNPhilly.com:

At the appropriate time, Cole is looking to be compensated as one of the premier left-handed pitchers in baseball. Without putting a number on it, we’ll leave it at the fact that he’s an elite pitcher. Look and see what elite pitchers are compensated with. Hopefully at the end of the day we’ll be able to get something done with the Phillies that will reflect that.

I don’t think [Weaver] is a parallel. That contract is great for Jered. I understand it. But he took a different path and left a lot of money on the table. He came up through the Angels system and grew up in their backyard. He’s pitching where he grew up. That situation appeals to him. It’s a similar situation to when I had Tony Gwynn. Without getting into specifics of what we’re looking for, the Weaver situation is unique to Weaver.

And he’s right, because when Weaver signed his extension in August the consensus was that he gave the Angels a sizable discount. Another factor is that Weaver’s contract bought out his final arbitration season and first four seasons of free agency, whereas any extension for Hamels would cover only free agent seasons at this point.

Barring an injury it’s hard to imagine Hamels getting less than $100 million on the open market and as a 28-year-old pitcher with a 3.39 ERA and 1,091 strikeouts in 1,161 career innings $125 million shouldn’t shock anyone.

Each owner will get at least $50 million in early 2018 from the sale of BAMTech

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Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.

The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:

That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.

Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.

Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.