According to multiple reports, Hamels has agreed to a six-year extension with the Philadelphia Phillies. USA Today and CBSSports.com both report that the deal is worth $144 million, while FOXSports.com says it's "only" worth $137.5 million.
The USA Today report also says the deal has a vesting option for a seventh year, an option that bumps it up to $160 million.
It represents a pretty big raise for the three-time All-Star. Hamels, who was set to become a free agent this offseason, is making $15 million this year.
Hamels has never thrown fewer than 193 2/3 innings in any of his full major league seasons since 2007 in what has already been a pretty impressive career. The 2008 World Series MVP has been one of the bright spots for the Phillies this season, going 11-4 with a 3.23 ERA.