Nolan Arenado Finalizing Eight-Year, $260M Extension With Rockies

Nolan Arenado

Arenado's extension is the second major deal this month after the San Diego Padres signed Manny Machado to a 10-year deal worth $300 million.

A second-round pick by the Rockies in the 2009 amateur draft, he's a career.291 hitter with 186 home runs, 616 RBIs and an.886 OPS. The Nolan Arenado contract negotiations were the least talked about story in the offseason among the media, but probably the most talked about in the Harper and Machado camps.

Arenado's new deal with Colorado will run through 2026, but could also allow him to hit free-agency in just three years with an opt-out clause built in his new contract.

"Believe me, I educated myself a lot on what I really wanted and I just felt like this was the best thing for me", Arenado said. Bryce Harper remains on the market. Only pitcher Zack Greinke makes more per season at $34.4 million annually. The main concern from the franchise's standpoint wasn't whether the third baseman was worth the money, but rather making sure they would get full value out of Arenado over the length of the contract. Arenado's only concern was going into this season without long-term certainty and what a down season or even an injury could mean when free agency arrived. "He plays so hard, jumping into the stands, sliding into first base in the WBC, he didn't want to have to have that thought in his head ever, that third gear, that pumping the of the brakes, which is natural sometimes for players in their walk years".

Phillies are in ‘deep and serious’ talks with Bryce Harper
It seems he ended up leaving empty-handed, though, as this saga continues through the second week of spring training . The Phillies are prepared to sign Harper to a lucrative long-term contract.

When the Los Angeles Dodgers showed financial restraint after the 2017 season, it was presumed they were setting themselves up for a loaded free agency class that loomed one year ahead.

Arenado is one of the best all-around players in baseball, a four-time all-star and six-time Gold Glove victor who is the face of a Rockies franchise that has earned a wild-card playoff berth in each of the past two seasons. The $137MM mark at which they opened the 2018 season was already an all-time high for the team, but Arenado's new deal - depending on how the dollars are distributed - will likely bring Colorado's Opening Day payroll beyond $155MM (as outlined by Roster Resource's Jason Martinez).

"I'm a homer. I love our homegrown guys", Montfort said. "I love playing with this group".

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