February 26, 2019 / 7:22 PM / in 6 months

Reports: Rockies finalizing eight-year, $260 million contract with Arenado

The Colorado Rockies are finalizing an eight-year, $260 million contract with All-Star third baseman Nolan Arenado, according to multiple reports.

Sep 30, 2018; Denver, CO, USA; Colorado Rockies third baseman Nolan Arenado (28) celebrates after hitting a solo home run in the seventh inning against the Washington Nationals at Coors Field. Mandatory Credit: Ron Chenoy-USA TODAY Sports

If consummated, the $32.5 million average annual salary would be the highest ever for a position player. The deal would kick in this season, overriding the one-year, $26 million contract the club and Arenado agreed to in January to avoid arbitration, which was the highest one-year salary for an arbitration-eligible player.

The new contract runs through 2026. However, the deal includes an opt-out after three years and a full no-trade clause, according to the reports. The opt-out ensures that Arenado, 27, could hit free-agency at the age of 30.

The eighth year and record-breaking average annual value got this deal done, ESPN reported.

Arenado is a four-time All-Star for the Rockies, who drafted him in the second round of the 2009 amateur draft out of high school.

Arenado has a career .291 batting average to go with 186 home runs and an .886 OPS over his six major league seasons. He’s coming off a .297 season in 2018 during which he slugged an NL-best 38 home runs and drove in 110 runs, good for second in the NL.

Arenado finished third in the MVP voting last season, fourth in 2017 and fifth in 2016.

He belted a career-high 42 home runs in 2015, drove in a career-high 133 runs in 2016 and hit a career-best .309 in 2017.

Over the past four seasons, all All-Star campaigns, he batted .297 with an average of 40 homers and 126 RBIs while playing 158 games per year.

He’s also a six-time gold glove award winner.

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