By Bill Carey
July 16, 2012

The Philadelphia Phillies will offer Cole Hamels at least $120 million in a new contract. (Rich Schultz/Getty Images)

The Philadelphia Phillies are willing to offer pitcher Cole Hamels at least $120 million in a new contract, but people within the organization are not certain they will be able to prevent the left-handed starter from reaching free agency, reports's Jon Heyman.

Hamels has spent his entire career with Philadelphia and has an 85-58 career record. He is 11-4 with a 3.07 ERA this year.

The Phillies are believed to have offered Hamels something around a five-year, $85 million deal last season, Heyman reports. Now, Hamels is expected to receive a much larger contract.

If Hamels becomes a free agent, he could receive as much as $150 million, "agent sources" told Heyman. The Phillies' best bet to retain Hamels is to re-sign him before he becomes a free agent. But at this point, the team may struggle to offer enough money to make it happen.

Throughout much of Hamels' career, the team has been a contender, but this season, Philadelphia is in last place in the NL East. Ryan Howard and Chase Utley, veteran stars who have excelled throughout much of Hamels' career, have dealt with injuries. The Los Angeles Dodgers are reportedly interested in acquiring shortstop Jimmy Rollins.

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