Rockies, Arenado reach eight-year extension
By Anthony Caruso III | Publisher
The Colorado Rockies have reached an eight-year extension with third baseman Nolan Arenado. The deal is worth $260 million, according to Spotrac.
Arenado, according to ESPN’s Jeff Passan, includes an out-our after three-years. It also has a full no trade clause.
If he plays out his entire contract, Arenado will be a free agent after the 2027 season.
Passan also insists that the eighth-year and the $31.8 million average salary helped get this deal done.
He would have the highest average paid to any position player. Arizona Diamondbacks pitcher Zach Greinke is the highest average player at $34.4 million.
Arenado has a $32.5 million average. The previous highest-paid position player was Detroit Tigers slugger Michael Cabrera at $31 million.
His extension wipes out his $26 million arbitration salary for the 2019 season on Jan. 31. When he won the arbitration case for $26 million, it is the highest arbitration salary of all-time.