Nolan Arenado, Rockies finalizing record-breaking, long-term contract

Keith Birmingham Southern California News Group

Keith Birmingham Southern California News Group

Colorado Rockies third baseman Nolan Arenado (28) celebrates his three-run home run with outfielder Gerardo Parra (8) during the first inning against the New York Mets at Coors Field on June 21, 2018 in Denver.

After all the speculation and drama and even declarations that this day would never come, the Colorado Rockies have extended the best player in the history of their franchise, Nolan Arenado.

The star third baseman and the Colorado Rockies agreed to an eight-year, $260-million contract, the team announced Tuesday.

Under this deal, he will average $32.5 million per season.

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Ken Rosenthal of The Athletic reports that the deal will override his 2019 contract so, essentially, it is a seven year extension after this season. For those negotiations, Arenado was looking for around $30 million, while the Rockies were looking to pay around $23 million.

The deal, which replaces Arenado's previous one-year contract, includes a full no-trade clause, according to sources.

Arenado has been a key ingredient to the Rockies turnaround since his arrival with the organization. The 27-year-old California native owns a career.291 batting average to go along with 186 home runs, 616 RBI, an.886 OPS and career 33.1 WAR.

When the Rockies drafted Arenado back in 2013, not many would have predicted a record-breaking contract. It's just that - as with all deals that feature an early opt-out - the Rockies have given the player all the surprising upside, and locked in all the downside risk.

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