The Phillies have reached an agreement with left-hander Cole Hamels on a one-year contract worth $15 million.
Hamels is coming off his best year in the majors as he went 14-9 with a 2.79 ERA and 194 strikeouts. He finished fifth in the Cy Young vote.
He is set to become a free agent after this season and the two sides have expressed interest in reaching a long-term deal. Hamels made $9.5 million this past season.
Hamels is one of the few homegrown products that have come up throughout the Phillies minor league system.
The two-time All-Star is coming off of a three-year, $20.5 million contract in which he pitched at a very high level.
The Phillies also agreed to terms with utility infielder Wilson Valdez.
Valdez has seen significant playing time over the past two seasons as he has filled in for Jimmy Rollins and Placido Polanco.
Having Valdez signed is huge for a much-improved Phillies bench that already includes Jim Thome, Ty Wigginton, and Laynce Nix/John Mayberry Jr.
Of course Valdez’s biggest moment last season was pitching a scoreless inning against the Cincinnati Reds in that entertaining 19-inning game.