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AP source: Rockies, Arenado agree to $260M, 8-year contract

By The News · 01 of March 2019 13:12:46
AP Photo, Nolan Arenado, nolan arenado, No available, FILE - In this Sept. 30, 2018, file photo, fans congratulate Colorado Rockies third baseman Nolan Arenado after the Rockies defeated the Washington 12-0, in Denver. The sluggish free agent market the last two years has not scared off Colorado third baseman Nolan Arenado, who could be among the prizes in the 2020 pool. (AP Photo/David Zalubowski, File)

DENVER (AP) — A person familiar with the negotiations tells The Associated Press that Colorado Rockies All-Star third baseman Nolan Arenado has agreed to a $260 million, eight-year contract.

The person spoke on condition of anonymity Tuesday because the deal has not been finalized. The agreement includes a provision that allows Arenado to opt out after three years and become a free agent.

If the deal is finalized, Arenado’s $32.5 million average annual value would be the second-highest in baseball history behind the $34.42 million for pitcher Zack Greinke in a $206.5 million contract with Arizona that began in 2016. Arenado’s deal would replace a $26 million, one-year contract he agreed to Jan. 31.

Arenado, who turns 28 on April 16, was on track to be eligible for free agency after this season. He has earned a Gold Glove at third base in each of his six major league seasons. He batted .297 with an NL-leading 38 homers last season, finishing third in MVP voting.

Colorado, which has never won the World Series, made its second straight postseason appearance last year. The Rockies on Monday announced a three-year contract extension for manager Bud Black through 2022.

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AP Baseball Writer Ronald Blum contributed to this report.

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More AP MLB: https://apnews.com/MLB and https://twitter.com/AP_Sports