News leaked early on Tuesday that the Colorado Rockies, amid much discussion, offered Nolan Arenado an incredibly lucrative contract extension, and it appeared the star third baseman would be nuts to turn this offer down.
Well, flash forward a few minutes, and...there it is. Arenado and the Rockies have agreed on a long-term deal that'll keep the elite defender and power bat at Coors Field for the next eight seasons.
BREAKING: Third baseman Nolan Arenado and the Colorado Rockies are finalizing an eight-year, contract extension worth more than $255M, league sources tell ESPN. Deal includes an opt-out after three years, would give Arenado the largest per-year salary of any position player.— Jeff Passan (@JeffPassan) February 26, 2019
The deal is reportedly an eight-year offer worth $255 million, which would see Arenado earn an average annual salary of $31.875 million. That would top Detroit Tigers veteran Miguel Cabrera's $31 million AAV. There's an opt-out for Arenado after three seasons.
Nolan Arenado will break Miguel Cabrera's annual salary record of $31 million per year for a position player. https://t.co/4Nrgxtaby8— USA TODAY Sports (@usatodaysports) February 26, 2019
This long-term extension could keep the elite 27-year-old playing at Coors Field for the remainder of his career, something Arenado has expressed interest in in the past. More importantly, it keeps him away from the Yankees, especially with a no-trade in tow.
Nolan Arenado's full no-trade clause is needed only through 2023 when he receives 10-and-5 rights and can't be traded without his permission. #Rockies— Bob Nightengale (@BNightengale) February 26, 2019
The team extended the offer following reports that the Yanks had their sights set on the star infielder in next year's free agency, which was their partial excuse for not chasing Manny Machado. Well, that sure backfired!
Nolan Arenado’s deal with the Colorado Rockies will run through 2026, though the opt-out clause after the third season would allow him to hit free agency at 30 years old, sources tell ESPN. The eighth year and record-breaking AAV offered by the Rockies got this deal done.— Jeff Passan (@JeffPassan) February 26, 2019
Arenado is arguably the best two-way player in baseball. He hones outstanding bat speed and has hit more than 35 home runs in each of the past four seasons. He is also an elite defender and has won four consecutive Gold Glove awards, though his offensive numbers take a harsh nosedive away from Coors Field.
Luckily, that'll remain his home.
Arenado has finished in the top five of MVP voting in each of the past three seasons and has made the All-Star team four years running. The Rockies' star third baseman has proven to be one of the top talents in all of baseball
Get your free 7 day trial and watch MORE sports live on ESPN+ .