ESPN.com is reporting that Jamie Moyer, who will be 44 at the beginning of next season, has been signed to a two year, $10.5 million extension by the Phillies. Cole "kid changeup" Hamels will be really pleased.
The article noted that the Phillies hope Moyer has "two more strong seasons remaining in his left arm."
I would like to point out that this is a really, really long shot, seeing as he has not had a 'strong' season with his left arm in years. He is not a power pitcher, and he's going to get shelled on occasion because he pitches so softly. However, he is a great asset to a team with good young pitching like the Phillies.
If he ends up with a sub-.500 record next year (and in '08), he'll still be a good influence on the team. I hope he comes back somewhere as a pitching coach somewhere down the line.