Nolan Arenado Finalizing Eight-Year, $260M Extension With Rockies

Rockies Sign Nolan Arenado For Eight Years

Rockies Sign Nolan Arenado For Eight Years

He is the first Rockies player to hit at least 35 home runs in four consecutive seasons.

By Tuesday morning, after the Rockies began finalizing the terms of a rich and long-term contract with All-Star third baseman Nolan Arenado, Monfort put to rest any doubt that he might ever commit again to a superstar player.

The Yankees were believed to be strong suitors for Arenado if the 27-year-old hit the market next season. The new deal replaces the third baseman's previous one-year contract for $26 million which was agreed to avoid arbitration in January and it includes a full no-trade clause. I think we have a great group.

A lot of people, including myself, were skeptical of a deal getting done considering the amount of money that the Rockies have invested in free agents and other contract extensions, including Charlie Blackmon, Ian Desmond, Wade Davis, Jake McGee, Bryan Shaw, and Mike Dunn.

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.

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USA Today's Bob Nightengale first reported that the Rockies had made a record-AAV offer to Arenado.

He can earn an additional $25,000 each time he is an All-Star or wins a Gold Glove, $50,000 for Silver Slugger, $75,000 for league championship series MVP, $75,000 for World Series MVP, $100,000 for MVP and $50,000 for second through fifth in the voting, and $100,000 for comeback player of the year. Earlier this month, Rockies owner Dick Monfort told The Denver Post that he was upbeat about Arenado being in a Rockies uniform for years to come. Take him away from Coors Field and he's still a solid player, just nowhere near deserving of the honor of being the game's highest-paid hitter. I've been here since the tide has changed, and that's a really good feeling.

Arenado, who turns 28 on April 16, was on track to be eligible for free agency after this season. Only Zack Greinke ($34.4 million) has a higher average annual salary.

Arenado is highly rated within the Rockies franchise and has played a key role in leading them to back-to-back playoff appearances in the last two seasons.

"I'm a homer. I love our homegrown guys", Montfort said. "I love playing with this group".

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