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Cliff Lee, Phillies Agree on $120M Deal
According to multiple sources, Cliff Lee has agreed to sign a five-year, $120 million deal (with a reachable vesting option for a sixth year) with the Philadelphia Phillies in a shocking turn of events. Lee had been rumored to sign with the Rangers or Yankees, but instead he took the lowest offer on the table.
Offers on the Table for Lee
| Phillies Offer (winner) | 5 years | $120M | Vesting Option for 6th Year |
|---|---|---|---|
| Yankees Offer | 6 years | $132M | $16M Player Option for 7th Year |
| Rangers Offer | 6 years | $138M | Vesting Options could bring deal to $161M |
So, if you believe the reports, Cliff Lee reportedly walked away from $28 million in guaranteed money with the Yankees to sign with Philadelphia, who may boast an historically strong starting rotation. A year after he was traded to the Mariners, Lee now joins Roy Halladay, Roy Oswalt, and Cole Hamels.
Analysis
The Red Sox reportedly made a seven-year offer at lower amounts of money to drive New York’s offer higher, but in the end it appears their strategy meant nothing. For the first time in forever, the Yankees could not spend enough to get their man, and now that the Red Sox have signed away Carl Crawford, they may be scrambling for Plan C. With Sergio Mitre and Ivan Nova slated to join CC Sabathia and A.J. Burnett in the starting rotation, look for New York to beg Andy Pettitte to return, sign another starter and/or make a run at Royals ace Zack Greinke.
About KC Downey
KC is the "head coach" of the Sports of Boston, LLC blog network. Follow him on Twitter: @kc_downey
Tags: Cliff Lee, New York Yankees, Philadelphia Phillies
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Phillies option apparently is an easy one to reach and it would add 27.5 million to the deal.
Cliff Lee did walk away from some money. The amount… to a certain degree probably didn’t mean as much.
He’ll still be set for life as a Philly. As long as he doesn’t get a Charles Barkley gambling problem
No doubt bummed out as a fan
Cliff Lee didn’t walk away from more money. Per year, Philly’s offer was the most lucrative. He only walked away from more money if he doesn’t get that option or doesn’t sign another contract in five years. That won’t happen; Cliff Lee didn’t walk away from more money. In the end, it was all about the money, and Cliff Lee will get it.
Both of the other offers would have given him more depending on the options. Probably 10 million more. It was not all about the money. If it was he would have settled on the most. All 3 were in the same range and he settled on the lower of them.
[...] Cliff Lee signed with the Phillies, the Yankees were left without their prime pitching target. With offensive options already dropping [...]