Jeff Bagwell, Tim Raines and Ivan Rodriguez were elected, it was announced on Wednesday.
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Last year, Schilling had by far his most successful year on the ballot, receiving 230 votes for 52.3 percent.
It was suspected in some circles that Schilling's vote totals would drop this year over some of his strong political beliefs, which he isn't shy about posting on social media.
However, Schilling is still ahead of his pace from two years ago, when he was listed on 39.2 percent of the ballots. In 2014, Schilling received just 29.2 percent.
Schilling is halfway through his Hall of Fame eligibility, as players are now permitted to be on the ballot for 10 years, provided they receive at least 5 percent of the votes in each given year.
As he has in other years, Schilling took the news of not getting enough votes in stride.
In part of a tweet he posted after the announcement, Schilling wrote, "I'm good. Rings? Check. Trophies? Check. Memories? Check."
Schilling's career record of 216-146 makes him appear to be a bubble candidate for Cooperstown. But when you couple it with his superb postseason resume, he might eventually get enshrined among the best of the best.
When it comes to pitchers who dominated in October, Schilling is up there with anyone. In 19 career postseason starts, the righty went 11-2. His 2.23 ERA in the playoffs ranks third among the 67 pitchers who have made at least 10 starts.
Perhaps what gives Schilling the best hope to be a Hall of Famer at some point are the strikeouts. His 3,116 K's rank him 15th all-time and just one strikeout behind Bob Gibson. Of the 16 pitchers in the 3,000-strikeout club, Schilling and Roger Clemens are the only two not in the Hall of Fame. Schilling has more career strikeouts than 57 of the 71 pitchers in Cooperstown.
In nine years with the Phillies, Schilling went 101-78 with a 3.35 ERA. That stint included Schilling playing a major role in leading the Phillies to the 1993 National League pennant.
The Phillies dealt Schilling to the D-backs in 2000, setting him up to be part of one of the most memorable World Series of all-time. Schilling teamed with Randy Johnson to lead Arizona to a seven-game triumph over the Yankees in 2001. Schilling and Johnson were co-MVPs of that Fall Classic. Schilling pitched the best baseball of his career in Arizona, where he went 58-28 with a 3.14 ERA in 108 games.
If Schilling's best baseball was with the D-backs, perhaps his most memorable moments came for the Red Sox, where he helped the tradition-laden franchise win its first two World Series championships since 1918.
In 2004, Schilling's legendary "Bloody Sock" performances helped defeat the Yankees in the American League Championship Series and the Cardinals in the World Series. Schilling's final four seasons were in Boston, where he went 53-29 with a 3.95 ERA.
A six-time All-Star, Schilling also played for the Orioles and Astros over his 20-year career.