THE ROCKIES AND NOLAN ARENADO ARE FINALIZING AN EIGHT-YEAR CONTRACT WORTH ABOUT $260 MILLION, ACCORDING TO JEFF PASSAN OF ESPN. THE CONTRACT WOULD NEGATE THE ONE-YEAR DEAL ARENADO JUST SIGNED THAT AVOIDED ARBITRATION.
Ahem, sorry about the caps, but IT’S HAPPENING!!
The deal would have an AAV of $32.5 million, which exceeds what Manny Machado got from the Padres last week. Like Machado, though, this contract has an opt-out. Arenado would be able to opt-out of the extension after the third year. That would allow him to hit free agency at 30. The deal also has a full no-trade clause. Passan writes that the eighth year to the contract and the quite large AAV is what got this deal done, although the opt-out and no-trade clause may have helped as well.
If he doesn’t opt-out, the deal would keep Arenado in Colorado through 2026, which would be his age-35 season. We’ll have more details as they’re released. But, for now, LET’S TALK ABOUT IT IN A RESTRAINED, COMPLETELY RATIONAL MANNER.
Update: The Rockies have now officially announced an eight-year contract extension for Nolan.