4:47 PM MT: Mark Feinsand reports the breakdown of Story’s deal:
Trevor Story’s two-year, $27.5M contract calls for him to receive a $2M signing bonus, an $8M salary in 2020 and a $17.5M salary in 2021, per source.— Mark Feinsand (@Feinsand) January 31, 2020
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January 31, 4 PM MT: The signing is now official.
The Rockies announced today that they have agreed to terms with shortstop Trevor Story on a two-year contract to avoid arbitration that will span the 2020-21 seasons.— Rockies Club Information (@RockiesClubInfo) January 31, 2020
The original story follows:
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The Colorado Rockies have agreed to a two-year, $27.5 million dollar deal with Trevor Story, according to Jeff Passan of ESPN. This buys out the final two years of arbitration for the All-Star shortstop.
The Rockies and Story were $750K apart in negotiations for a 2020 contract, with Story filing at $11.5 million and the Rockies offering $10.75 million. MLB Trade Rumors projected Story for an $11.5 million deal, exactly as he filed. Instead, Story will receive an average annual value of $13.75 million and a guarantee that an arbitration hearing won’t be necessary not only for this year but for the 2021 campaign as well.
Story will appear at Rockies Fest Saturday and is one of four members of the organization (along with manager Bud Black, outfielder David Dahl and starting pitcher Kyle Freeland) who will be available to the media at the event.
Story is a two-time Silver Slugger and the fastest shortstop in MLB history to reach 100 home runs. He is coming off a season in which he produced a batting line of .294/.364/.554 with 35 home runs, 23 stolen bases and 15 Outs Above Average defensively. His 4.9 WARP was highest among National League shortstops.
With this contract, the Rockies’ payroll is now projected at $162.6 million for 2020. This includes Tony Wolters’ $2 million arbitration salary projection, though he and the Rockies have yet to agree to a deal for the upcoming season.
As Eric Garcia McKinley wrote in Story’s 2019 Ranking the Rockies Profile, he has become a superstar. And now his contract is settled for the next two seasons.