Rockies Ink $260 Million, 8-Year Contract With All-Star Baseman Nolan Arenado

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Harper remains unsigned, with the Philadelphia Phillies and Los Angeles Dodgers now vying for the All-Star right fielder, and is looking for a long-term deal worth more than $300 million.

According to Jeff Passan of ESPN, the Rockies and Nolan Arenado are finalizing an eight-year contract extension worth more than $255 million.

His new deal replaces that one-year pact, and at a $32.5 million average annual value, surpasses the record Miguel Cabrera held ($31 million) for a position player.

"We have agreed to terms with Nolan Arenado on an eight-year contract that could keep him with the club through the 2026 season", the Rockies confirmed Tuesday on Twitter. Not only that, but Arenado has an opt-out clause after 3 years.

"I don't think it was a coincidence", Harding said of the timing of the signing. He's someone you really want to invest in because he's here to win baseball games.

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Machado only recently found a home, agreeing to a 10-year, $300 million deal with the San Diego Padres.

Arenado has made it clear that he wants to play for a consistent postseason contender, and it's clear now that he considers the Rockies to be that kind of franchise.

Arenado, 27, has 35+ home runs and 110+ RBIs in each of the last four seasons. "He's the best I've ever seen [at third base]", Helton said. Earlier this month, Rockies owner Dick Monfort told The Denver Post that he was upbeat about Arenado being in a Rockies uniform for years to come. "Our high price or All-Star players need to be on the field".

Arenado, who turns 28 on April 16, was on track to be eligible for free agency after this season. It trails only Zack Greinke's $34.4 million average annual value this season for highest among active players. He is now only behind Zack Greinke's $34.4 million annual average, which is now the highest in baseball history. "I wouldn't make this decision if I didn't believe that".

Arenado finished third in the MVP voting last season, fourth in 2017 and fifth in 2016. "I love playing with this group".