Rockies, Arenado agree to $260M deal

Rockies, Arenado agree to $260M deal

Javier Howell
March 1, 2019

SCOTTSDALE, Ariz. (AP) - Colorado Rockies slugger Nolan Arenado says "at the end of the day my heart was here" and he wants to emulate Todd Helton and Derek Jeter by spending his entire career with one team, explaining why he gave up a chance to become a free agent after this season.

Detroit's Miguel Cabrera previously was the best-paid-by-year position player at $31 million, but Arenado will not be challenging Giancarlo Stanton's $325 million for highest total or Zack Greinke's $34.42 million for highest average for any player. The reported contract would include an opt-out after three years and would make Arenado the highest paid position player per-year in the Major League Baseball.

We've been talking for weeks about how the uncertain free agent market has nearly unquestionably pushed certain young players to accept early extensions, and now you wonder whether it's going to do the same for even the superstars of the market.

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"Nolan Arenado got what he wanted, the Rockies got what they wanted, and it worked out quite well for them". Machado's record-setting contract with the Padres has an opt-out five years into the deal, and Harper will nearly certainly be seeking one when he signs.

In 2018, Arenado batted.297 with an NL-leading 38 homers last season, finishing third in MVP voting. I've been here since the tide has changed, and that's a really good feeling. 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. He must decide after the 2021 season whether to opt in for the remainder of the contract. That duo's presence likely means that uber-prospect Brendan Rodgers is ticketed for second base when he eventually does force his way up to the big league level. In terms of luxury taxation, the Rockies are still almost $40MM shy of having anything to worry about in 2019, and their luxury tax ledger plummets to just north of $129MM next winter, which would place them almost $80MM shy of incurring any penalties.

Original reports stated it was a seven-year deal worth $245 million, according to Bob Nightengale of USA TODAY Sports, which would have carried a record-breaking average annual value of $35 million. 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).