The Rockies and starting pitcher Jorge De La Rosa have agreed on a two-year contract extension, according to a team announcement. The deal, which will pay De La Rosa a total of $25 million according to Fox Sports' Ken Rosenthal, is pending league approval.
De La Rosa is in the final year of a contract that, when it's officially over, will have ended up paying him $41.5 million over four seasons. By agreeing to pay him $25 million more, the Rockies passed on the possibility of netting a draft pick since they would have been able to place a $14 million qualifying offer had De La Rosa reached free agency.
The 33-year-old left-hander is 13-10 with a 4.26 ERA and 4.40 FIP in 160⅔ innings spanning 28 starts this season. Beyond those numbers, which are wholly league average as evidenced by his 100 ERA+, keeping De La Rosa makes sense for the Rockies because of his astounding results at Coors Field. Colorado's de facto ace owns a ho-hum 4.03 ERA in 433⅔ innings in Denver but has amassed an incredible 44-14 record, including 19-3 over the last two seasons.
De La Rosa owns a 4.24 ERA/107 ERA+ since joining the Rockies in 2008. His best season came in 2013, when he came back from missing almost two full season as a result of Tommy John surgery to post a 3.49 ERA/127 ERA+.
We will have much more on this story in the coming days.