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12/15/2010 11:56 AM ET
Phillies sign Cliff Lee to five-year contract
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Free agent left-hander Cliff Lee signed a five-year, $120 million contract with the Phillies, Senior Vice President & General Manager Ruben Amaro Jr. announced today. Lee's contract has a vesting option for 2016 and includes an awards package.

Lee, 32, went 12-9 with a 3.18 ERA in 28 combined starts last season between the Seattle Mariners and Texas Rangers. He tied for the American League lead with seven complete games and led all major league pitchers in fewest walks per 9.0 innings pitched (0.76; Roy Halladay was second at 1.08). Despite not making his first start until April 30, the 2010 season marked the fifth time in his career that Lee surpassed 200.0 innings. In his nine losses, he received 13 total runs of support (1.4 runs/game).

A two-time AL All-Star (2008 & 2010), Lee was the 2008 AL Cy Young Award winner, when he went 22-3 with a 2.54 ERA and finished fourth in voting in 2005 (18-5, 3.79 ERA). Over the last three seasons (2008-10), Lee has the second-most complete games (17) among all major league pitchers, trailing only Halladay (27).

Lee has pitched in the last two World Series, winning a pennant in both leagues with the Phillies and Rangers. For his career, he is 7-2 with a 2.13 ERA and three complete games in 10 postseason starts with 80 strikeouts in 76.0 innings (9.5 SO/9.0 IP).

A fourth-round selection by the Montreal Expos in the 2000 draft, Lee is 102-61 (.626) in his major league career with a 3.85 ERA in 222 games (218 starts) for the Cleveland Indians (2002-09), Phillies (2009), Mariners (2010) and Rangers (2010).

Lee will wear #33.

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