According to several sources, including Jon Heyman‎ of CBS Sports, the Phillies and Cole Hamels have agreed in principle to a six-year contract which should make Hamels the highest paid Phillie EVER!

The deal is reportedly worth over $140 million and comes after months of speculation and back-and-forth between the all-star pitcher and the only team he's ever played for.

It's also believed to be the second highest salary ever given to a major league pitcher.

We'll have more details throughout the day, in the meantime you can get more on the deal from Jon Heyman here, as well as here from the Philadelphia Inquirer.