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.

Cardinals activate Greg Holland from disabled list

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The Cardinals announced on Tuesday that reliever Greg Holland has been activated from the 10-day disabled list. Reliever Matt Bowman heads back to the DL with blisters on his right middle finger.

Holland, 32, has been out of action since late May due to a right hip impingement. Holland signed a one-year, $14 million deal with the Cardinals at the end of March, but it hasn’t been going well. He has given up 15 runs (14 earned) on 20 hits and 15 walks with 10 strikeouts in 13 1/3 innings this season.

Bowman, 27, missed about a month between May 17 and June 14 due to blister issues. He appeared in only three games before heading back. Bowman gave up two runs and recorded two outs in Monday’s 6-5 walk-off loss to the Phillies.