Arenado will reportedly earn $26 million in 2019, a source told Ken Rosenthal of The Athletic. That figure is a new record salary for an arbitration-eligible player, breaking Josh Donaldson's previous mark of $23 million from 2018. He'll be paid the seventh-highest individual salary in baseball during the 2019 season, per Spotrac.
Arenado had filed for arbitration at $30 million, while the Rockies countered at $24 million.
The sides reportedly reached the historic agreement following lengthy negotiations involving Rockies owner Dick Montfort.
The 27-year-old, who finished third in NL MVP voting in 2018, is scheduled to become a free agent next offseason.