Should Phillies give Lee Sabathia money?

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cliff lee and carlos ruiz.jpgThe Philadelphia Phillies are already talking about a possible extension for Cliff Lee, who immediately became the team’s ace and postseason star after Philly acquired the left-hander from Cleveland in a July trade.

From the Inquirer:

The Phillies have not yet decided whether to offer a contract extension to pitcher Cliff Lee this off-season, but they have discussed the possibility internally.

“Clearly, it’s on our minds, but we haven’t made a decision if we will yet,” general manager Ruben Amaro Jr. said. “Naturally you have to think about it, but we’re more focused on him pitching in this series.”

Lee is 7-4 with a 3.39 ERA with the Phils this season, and 4-0 with a 1.56 ERA in the 2009 playoffs. The Phillies can bring Lee back in 2010 simply by exercising their $9 million option, which has to be a slam dunk if an agreement on an extension isn’t reached.

But how far will they be willing to go to sign Lee long term? A couple of things to consider: Lee is 31, and the Phillies are already on the hook for at least $108 million in payroll for 2010 (they spent $113 million this season). That counts Lee’s option, but not arbitration raises for players like Joe Blanton, Shane Victorino and Jayson Werth.

The fact they’re already talking about it shows the Phillies are eager to keep Lee, and rightly so. Ideally the Phillies and Lee can find common ground on a mutually-pleasing deal. But what if that doesn’t work out?

Should they be willing to give Lee a Sabathia-esque 7-year, $161-million deal, or should they just take the option and see how 2010 plays out?

What do you think Phillies fans?

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