Arenado, Rockies reach eight-year, $260M deal

DENVER

All-Star third baseman Nolan Arenado and the Colorado Rockies agreed to an eight-year contract on Tuesday, and a person familiar with the negotiations told The Associated Press the deal is worth $260 million. The person spoke on condition of anonymity because the dollar value hasn’t been publicly announced.

Arenado’s agreement includes a provision that allows him to opt out after three years and become a free agent.

Arenado’s $32.5 million average annual value is 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 replaces a $26 million, one-year contract he agreed to Jan. 31.

Staff/wire report