Rockies ink Arenado to 2-year, $29.5M deal
The Colorado Rockies have officially signed All-Star third baseman Nolan Arenado to a two-year deal reportedly worth $29.5 million, according to ESPN's Jerry Crasnick.
Arenado is set to make $11.75 million in 2017 and $17.75 million in 2018, a significant upgrade from the $5 million he made in 2016.
In just four seasons with the Rockies, Arenado has been one of the best players in baseball since his arrival on the scene. The 25-year-old has belted 83 home runs over the last two seasons, to go with 263 RBIs and 78 doubles while slashing .291/.343/.572.
A few days earlier, Rockies general manager Jeff Bridich spoke on the topic of inking Arenado to a long-term deal, and said the two parties would take things in stride.
"We will work on trying to get a one-year deal done and if things come up, just like anything else, we are going to keep an open mind to anything,” he said to The Denver Post's Patrick Saunders.
Arenado will be arbitration-eligible one more time at the conclusion of his two-year deal, and can become a free-agent following the 2019 season.