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Hamels Gets $20.5M Deal

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A Tribune wire report

Published: January 18, 2009

PHILADELPHIA - The last time Cole Hamels stood at a microphone at Citizens Bank Park was two days after the Phillies won the World Series.

Hamels told the adoring masses that he couldn't wait to do it "again and again and again."

The 25-year-old left-hander will be back at a microphone at the ballpark today for a news conference as the Phillies announce his three-year, $20.5 million contract extension.

General Manager Ruben Amaro would not comment on the deal that two team sources confirmed after it was reported by the New York Post.

Hamels went 4-0 with a 1.80 ERA in five postseason starts, all Phillies wins. He was MVP of the NLCS and World Series.

Hamels will make $4.35 million in 2009, $6.65 million in 2010 and $9.5 million in 2011. His salary jumps by $500,000 any year after he wins the Cy Young award, or by $250,000 any year after he finishes second or third in the voting.

CUBS: Chairman Crane Kenney again said he expects the team's sale to be completed by Opening Day.

Three potential buyers have been identified in media reports: Tom Ricketts, a Chicago financier, member of the founding family of TD Ameritrade Holding Corp., and chief executive of InCapital LLC; Hersch Klaff, who owns a Chicago commercial real estate firm; and a partnership between two New Yorkers involved in private equity, Marc Utay of Clarion Capital and Leo Hindery Jr. of InterMedia Partners.

OBITUARY: Tommy Jones, 54, first-base coach for Arizona for parts of the 2004 season and the team's player development director from 1998 to 2004, died of brain cancer.

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