Late last night, it was announced that the Phillies had reached an agreement with their homegrown left-handed starter Cole Hamels. The southpaw was set to hit free agency this offseason and there was talk that the Phillies would trade Hamels if an extension could not be worked out. Well, an extension was worked out and Ken Rosenthal has it as being six years in length and worth "more than" $137.5 million. Bob Nightengale of USA Today tweets the contract is worth $144 million.

Coincidentally enough the Hamels extension was announced the same night that Adam Wainwright turned in an incredible performance for the Cardinals. On top of throwing 7 1/3 innings, during which he allowed two runs, struck out seven, and walked only one, Wainwright rapped an RBI double and drew a walk with the bases loaded. Obviously, a club doesn't extend a player based on one performance, but Wainwright is under club control only through the end of next season. Thus, this offseason might see the Cards attempt to extend Wainwright. And so I ask you, VEBers: What would a Wainwright extension look like?

Also feel free to discuss the Hanley Ramirez trade or any other trade rumors in this morning thread.