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Phillies, Cole Hamels Agree On One-Year, $15M Contract

PHILADELPHIA (AP) -- Left-hander Cole Hamels and the Philadelphia Phillies have agreed on a $15 million, one-year contract, avoiding arbitration.

The 2008 World Series MVP went 14-9 with a 2.79 ERA in 32 games last year. Hamels was selected to his second career All-Star Game and finished fifth in National League Cy Young Award voting.

The Phillies also avoided arbitration with infielder Wilson Valdez, agreeing to a $930,000, on-year deal.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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