Report: The Phillies to offer Hamels $120 million. It still won’t be enough.

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I expect we’ll get a lot of this in the coming weeks then, when Hamels doesn’t sign an extension, it will go quiet. Then, when it comes to free agent time, the numbers will be higher. But for the time being, Jon Heyman reports:

The Phillies are said to be planning to offer at least $120 million to star lefthander Cole Hamels in an effort to keep him in Philadelphia and prevent him from becoming a free agent, according to sources.

That’s a lot of money, but I don’t think it’s nearly enough to get it done. It’s less than Matt Cain’s deal. Less than Johan Santana, CC Sabathia too. ¬†There is every reason for Hamels to think he could go out and get the highest free agent pitcher deal ever if he hits the market, so $120 million will not keep him from trying.

Can’t fault Philly for trying something, but unless or until the offer becomes a top-of-the-market kind of thing, this is more about “we tried to keep our guy” optics than it is a real offer.