By MATTHEW NADUStaff Writer — email@example.com ________
Just when we thought New York was going to be well, New York, Philadelphia has reached deep into their pockets.
Yes, Cliff Lee has another suitor and it looks like Phillies have brought their former ace back to the City of Brotherly Love.
Multiple reports agree that the free agent lefty will head back to Philadelphia although the terms of the deal are not clear as of 12:30 AM Monday morning.
High Hopes spoke with a source directly involved with the team’s personnel decision making around Midnight Tuesday morning. The source refused to comment on the reports, stating that he doesn’t “know anything about it at all.”
The Yankees who were the front runners to sign Lee, have taken themselves out of the race after New York GM Brian Cashman said the Yankees will not increase there 7-year offer in the $160 million dollar range.
Before midnight, Rangers beat reporter JR Sullivan of MLB.com reported that the deal between Lee and the Phillies was official.
The Rangers were also in on the race for Lee.
Lee was 12-9 with a 3.18 ERA in 2010 between Seattle and Texas.
After mid-season deals in 2009 to the Phillies from Cleveland and in 2010 to the Rangers from the Mariners, Lee lead both teams to the World Series.
In 2011, this should be no exception.
UPDATE: The deal has since been confirmed by the Phillies on their official website. Reportedly, it is for 5 years at $120 million with a vesting option for a sixth year at $17.5 million or, if the club declines the option, a $12.5 million buyout.