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Arenado, Rockies reach 8-year deal

01 March, 2019, 00:19 | Author: Lula Armstrong
  • Nolan Arenado

According to Jeff Passan of ESPN, the Rockies and Nolan Arenado are finalizing an eight-year contract extension worth more than $255 million.

St. Louis and the All-Star right-hander agreed to a $68 million, four-year contract covering 2020-23, a deal announced Tuesday that raises his pay to $75.5 million over the next five seasons.

Arenado's new eight-year, $260M contract with the #Rockies will include an opt-out after three years and full no-trade clause, sources say.

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Arenado - who turns 28 in April - becomes MLB's highest-paid position player, based on the contract's average annual value of $31.875m, surpassing Miguel Cabrera's contract with the Detroit Tigers that pays him $31m per year. "I really enjoy the fact there's a comfortability here. I wouldn't make this decision if I didn't believe that". "I love playing with this group". Colorado then beat the Chicago Cubs in the Wild Card game, before being swept in three games by the Milwaukee Brewers.


A second-round pick by the Rockies in the 2009 amateur draft, he's a career.291 hitter with 186 home runs, 616 RBIs and an.886 OPS.

Arenado was a major part of that success. He's won the NL Gold Glove award for third baseman in every season he's played, making him six-for-six so far.

"He's their player, they came up with the money, and he got some terms that he liked", Harding said.

"A larger market team if they have what they call dead salary when a player is a little older, they can sort of get by with it", Rockies owner Dick Montfort told the Associated Press.

This marked the second deal worked out by the front office this week. The $137MM mark at which they opened the 2018 season was already an all-time high for the team, but Arenado's new deal - depending on how the dollars are distributed - will likely bring Colorado's Opening Day payroll beyond $155MM (as outlined by Roster Resource's Jason Martinez). Many in the industry have been expecting a long-term deal since he and the Rockies settled his arbitration case last month with an agreement on a $26 million salary for 2019, a record for an arbitration-eligible player.

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