On Tuesday, the Colorado Rockies and Nolan Arenado agreed on a 7-year extension deal. How does this impact the rest of Major League Baseball?
On Tuesday, Nolan Arenado and the Colorado Rockies shocked the baseball world when it was announced that they have agreed to an 8-year, $260M extension deal. Arenado, according to Ken Rosenthal of The Athletic, can opt-out of the deal after three years.
Arenado’s new eight-year, $260M contract with the #Rockies will include an opt-out after three years and full no-trade clause, sources say.
— Ken Rosenthal (@Ken_Rosenthal) February 26, 2019
Arenado is often thought of as the best third baseman in MLB. In his career, he has won a Gold Glove award every season since breaking into the big leagues and has hit at least 30 HR and 100 RBI in his last four consecutive seasons.
This extension deal will send ripples through MLB and should set a precedent for how teams handle their players’ contracts moving forward.
Well, it’s another example of a team extending their own players before they even hit free agency.
We’re seeing it with the New York Yankees, who in the last couple of weeks have taken to extending their own players, and now we’re seeing it with Arenado and the Rockies.
Nolan Arenado, who has played for the Rockies his entire career, was to become a free agent next season. Instead, by giving him this deal, which is worth an AAV of $32.5, the Rockies get to keep their player.
Finally, with Machado and Arenado signed to massive deals, this now puts Bryce Harper in prime position to blow both deals out of the water. It also gives the Philadelphia Phillies the ability to try to entice Harper by including a similar opt-out clause after 3-years.
The expectation for Harper now should be that he’ll receive a deal with an AAV in the range of $35M.
After weeks of rumors and speculation, a cold hot-stove season has finally reached a full boil.
Baseball is back baby!