Cole Hamels trade rumor update: While the Chicago Cubs and Texas Rangers work on making the Cole Hamels trade official, let’s update what is being reported on this deal.
Jon Heyman says that the Cubs are paying $5 million of “remaining obligation” due to Hamels. There is roughly $14 million due to Hamels, between his remaining 2018 salary and his $6 million buyout of his team option for 2019, so this means the Rangers are sending $9 million to Chicago in this deal. The Cubs could, of course, exercise the $20 million team option on Hamels for 2019, in which case they’d owe him an additional $14 million.