Rockies, Arenado finalizing 8-year, $255M extension

Share

The Colorado Rockies have locked down their star third baseman for the long haul, signing Nolan Arenado to an eight-year, $260 million contract on Tuesday.

The newly agreed upon contract will replace the one-year, $26MM contract to which Arenado had already agreed and establish a new record annual salary for position players, topping Miguel Cabrera's prior mark of $31MM. However, the deal includes an opt-out after three years and a full no-trade clause, according to the reports.

Arenado's deal has a $32.5 million average annual value, second behind the $34.42 million for pitcher Zack Greinke in a $206.5 million contract with Arizona that began in 2016. He is now only behind Zack Greinke's $34.4 million annual average, which is now the highest in baseball history. ESPN's Jeff Passan reported that the two sides were closing in on an eight-year deal worth more than $255MM with an opt-out (Twitter link).

"At the end of the day, my heart was here", Arenado told reporters on Wednesday.

"I don't think it was a coincidence", Harding said of the timing of the signing. I really believe we can win. "I wouldn't make this decision if I didn't believe that".

More news: Man in viral Girl Scout cookie photo indicted in DEA bust

Even more, they almost captured the team's first NL West title before losing in a tiebreaker at Los Angeles in a one-game playoff. They were swept by Milwaukee in the Division Series after hitting.146 against the Brewers and scoring in just one of 28 innings.

Arenado was a major part of that success. He's coming off a.297 season in 2018 during which he slugged an NL-best 38 home runs and drove in 110 runs, good for second in the NL.

We're seeing it with the New York Yankees, who in the last couple of weeks have taken to extending their own players, and now we're seeing it with Arenado and the Rockies.

If the deal does get confirmed, it will be a huge coup for the Rockies and their fans as they will be able to keep their franchise player for, potentially, the bulk of his career. "Our high price or All-Star players need to be on the field".

Share