Multiple sources now confirm that Cliff Lee will sign with the Phillies. The deal is believed to be for around 5 years/$115 million. It also includes an easily attainable option for a 6th year. Lee took substantially less guaranteed money to return to the Phils. Considering that the team abruptly traded him just one year ago, this can only be described as stunning.
I have never seen a turn of events quite like this during the free-agent period.
At the moment, the Phillies have a rotation of Roy Halladay, Cliff Lee, Roy Oswalt, and Cole Hamels.