Rockies’ Arenado says ’my heart was here’ after $260M deal

Rockies’ Arenado says ’my heart was here’ after $260M deal

Jeff Passan of ESPN reports that the Rockies and All Star third baseman Nolan Arenado are finalizing an eight-year contract extension worth more than $255 million.

The new contract apparently starts with the 2019 season, effectively replacing the $26 million Arenado and the Rockies agreed on in lieu of arbitration, and concludes following the 2026 campaign.

Nolan Arenado likes where he's at and the direction the Colorado Rockies are headed. He must decide after the 2021 season whether to opt in for the remainder of the contract. The deal also makes Arenado the highest paid position player in Major League Baseball history with an annual average salary of $32.5 million.

The Yankees were believed to be strong suitors for Arenado if the 27-year-old hit the market next season.

Arenado says: "I don't go off what everyone else is doing". "I really enjoy the fact there's a comfortability here".

Arenado and the Rockies came to an agreement on an eight-year, $260 million contract, according to The Athletic's Ken Rosenthal, a record-setting deal that will pay him on average $32.5 million per year.

Manny Machado was unsigned until agreeing to a $300 million package with the San Diego Padres last week, and Bryce Harper is still searching for a team with spring training games already underway. "I love our process and anytime we can keep a player like Nolan for a career that's a great testament to the organization and what we're trying to do".

The Rockies advanced by beating the Chicago Cubs in the NL wild-card game. The main concern from the franchise's standpoint wasn't whether the third baseman was worth the money, but rather making sure they would get full value out of Arenado over the length of the contract.

He is a four-time All-Star who has excelled with his glove and bat - earning six Gold Gloves and four Silver Sluggers so far in his young career, which is so far on a Hall of Fame arc.

It's 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).

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