Report: Phillies preparing “substantial” offer for Cole Hamels

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According to ESPN’s Jayson Stark, the Phillies are preparing a “substantial” offer for impending free agent Cole Hamels.

Exact details of the offer aren’t yet known, but Stark hears that the Phillies have had multiple internal discussions about whether to offer more than five guaranteed years. Previous reports have indicated that the club doesn’t have an issue with giving Hamels the yearly salary he covets, likely close to Cliff Lee’s $24 million AAV (average annual value), but they have been hesitant to go beyond five years.

The Phillies will almost certainly have to make a concession in years to have any chance to keep Hamels from testing the open market. He doesn’t turn 29 until December and is poised to land one of the richest contracts ever for a pitcher.

With Chase Utley and Ryan Howard back and Roy Halladay expected to return soon, Stark hears the Phillies will wait up to two weeks before determining whether it’s time to sell off parts leading up to the July 31 non-waiver trade deadline. By then, they should have a pretty good indication of whether Hamels is receptive to their offer.