Phillies, Cole Hamels agree to a six-year, $144 million deal

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UPDATE: Jon Heyman says the deal is for six years and $144 million. There is also a 7th-year, vesting optiion making total package worth in excess of $160 million.

UPDATE: Buster Olney says that a deal is in place, with Hamels signing with the Phillies is for a little more than $140 million, over six years, pending a physical.

1:33 AM: FOXSports.com’s Ken Rosenthal has the scoop: Cole Hamels and the Phillies are close to a six-year, $137.5 million contract extension that would be the second largest deal ever given to a pitcher.

Hamels would essentially get $23 million per year, the same amount CC Sabathia received in his original seven-year, $161 million pact with the Yankees. That deal is the biggest ever for a pitcher. In terms of annual salary, Hamels would be the game’s third highest-paid pitcher behind Sabathia, whose renegotiated deal with the Yanks puts him at $24.4 million per year, and teammate Cliff Lee, who is making $24 million per season as part of a five-year, $120 million contract.

All things considered, it looks like a very fair deal for both sides. Maybe the Dodgers would go crazy and try to blow Hamels out of the water with an offer this winter, but barring that, $140 million seemed to be the likely price tag for the left-hander. The deal allows Hamels to get market value and stay with the only club he’s known during his professional career.

With Hamels out of the way, Zack Greinke would be the only elite starter available in free agency this winter. Anibal Sanchez and Edwin Jackson would be next in line, something that will surely drive up their price tags. That Jackson settled for a one-year deal with the Nationals last winter is looking like a very astute move right now.

Hamels, 28, is 11-4 with a 3.23 ERA in 19 starts this season. While he battled injuries in high school and in the minors, he’s been plenty durable in the majors. His only DL stint in the last five years came in Aug. 2011, when he missed some time with shoulder inflammation. It didn’t prevent him from pitching 216 innings last year, and he’s on pace to make 30 starts for the fifth straight year in 2012. He’s 85-58 with a 3.38 ERA lifetime for the Phillies.

Report: Mets showing interest in Bartolo Colon

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Last month, free agent right-hander Bartolo Colon told reporters that he’d be open to taking a minor league deal in 2018, but only if he was guaranteed a return to the Mets’ system. The 44-year-old starter is nearing the end of a 20-year career, and it makes sense that he’d want to have one last hurrah in the city where he had some of his most productive years.

Now, Twins starter Ervin Santana tells Mike Berardino of the Pioneer Press, it looks like the Mets might also be open to a reunion. It’s doubtful that Colon has all that much left in the tank, especially following a combined 7-14 record and 6.48 ERA for the Braves and Twins last year, but he’s not necessarily looking to reproduce the 15+ win, sub-4.00 ERA totals of years past.

Instead, Santana says, Colon is seeking the opportunity to win just six more games. He’ll enter the 2018 season five wins shy of the all-time record for a Latin American-born player, and is hoping to claim that title for himself before he enters retirement in 2019. Former Orioles and Expos hurler Dennis Martinez currently holds the record after clinching his 245th win back in 1998. While it took Colon a full season of starts to come up with even seven wins in 2017, he’s only one year removed from a 15-win campaign in 2016. Provided that the Mets are willing to gamble on him again, the milestone may not be that far out of reach.