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Cole Hamels Update: Hamels, Phillies Agree To Long-Term Extension

Cole Hamels and the Philadelphia Phillies agreed to a six-year, $144 million contract extension late Tuesday night, and that's good news for the Chicago Cubs. With the prospect of acquiring Hamels off the board for teams looking to upgrade their pitching, Chicago trade chips Ryan Dempster and Matt Garza may look even more attractive.

That's especially true as it pertains to the Los Angeles Dodgers, who were thought by many to be Hamels' next landing spot in free agency. Now, there's even more incentive for the Dodgers and Cubs to work out a trade that ends up with Dempster landing in L.A. Hamels' new contract makes him the second highest paid pitcher in baseball, behind C.C. Sabbathia.

For updates, stay tuned to SB Nation Chicago. For more comprehensive coverage, visit Cubs blog Bleed Cubbie Blue. For more MLB coverage, check out Baseball Nation as well as MLB Daily Dish.

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