Rockies, Nolan Arenado finalizing 8-year, $260M contract extension

It’s hard to imagine Nolan Arenado in any uniform but the purple and black of the Colorado Rockies. Thankfully, you don’t have to.

According to MLB Network Insider Ken Rosenthal, the Rockies and the third basemen are finalizing a new 8-year contract extension worth $260 million. The contract, which runs through 2026, also includes an opt-out after the third year of the deal, complete with a fulll no-trade clause. If the 27-year old Arenado wanted to test free agency, he could have a chance to do so at 30.

However, what clinched the offer is that fact that the Rockies would pay Arenado a record-breaking average annual salary of $32.5 million. Arenado’s salary is the highest ever for a position player, surpassing the $31 million paid out to Miguel Cabrera (Tigers) and Clayton Kershaw (Dodgers) by their respective teams.

As a four-time All-Star, Arenado has done more than enough for the Rockies to feel comfortable handing him such a large payroll. He’s had four seasons with over 110+ RBI and 35+ homers in his first six seasons, trailing only Albert Pujols. Arenado has also earned Gold Glove honors in every single season. To top it all off, his recent performances have granted consecutive postseason appearances for Colorado.

Arenado was originally expected to become a free agent after the 2019 season. The Rockies foreshadowed the big extension by agreeing to a record one-year, $26M deal to avoid arbitration in January.

“You want to win in a place where you’ve been all your life,” Arenado told USA Today.

Now, Arenado figures to spend the rest of his baseball career with the team that drafted him and in the city where he became one of the game’s biggest stars.

Cole Topham is the lead editor for snacktimefantasy.com and covers the MLB and NFL. He enjoys watching his opponents suffer as he defeats them week after week in his fantasy football/baseball leagues.

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