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11:06: Both parties have an agreement in place, and it is indeed for eight years and $ 260 million, tweets Joel Sherman of the New York Post.
11:04: Ken Rosenthal of The Athletic tweets that both parties are entering into an eight-year agreement worth $ 260 million. This amounts to an annual salary of $ 32.5 million and would be followed only by Giancarlo Stanton (13 years, $ 325 million), Manny Machado (10 years, $ 300 million) and Alex Rodriguez (10 years, $ 275 million) as the fourth largest contract in the history of the MLB.
10:54: ESPN's Jeff Passan said the two parties are finalizing what would be an eight-year contract worth more than $ 255 million (Twitter link). The proposal contains a withdrawal clause after three seasons. The terms reported would mean that Arenao does not live up to Greinke's overall annual value record, but also sets a new record among the players at the position. Arenado is represented by Wasserman.
10:39: The Rockies, anxious to keep the face of the franchise Nolan Arenado in Denver, have offered their third base player a seven-year contract extension that would set a new average annual pay record, reports Bob Nightengale of USA Today. The proposed agreement would bring Arenado an average of $ 35 million a year during the 2025 season, bringing its total guarantee to $ 245 million. Currently, Zack GreinkeThe salary of $ 34.4 million is the highest annual rate ever recorded. Miguel CabreraThe annual rate of $ 31 million is the best rating for a player's position.
The agreement in question would replace the $ 26 million pay record Arenado had received in arbitration this season and would effectively ensure that Arenado spent most of his career in the Rocky Mountain uniform, insofar as this pact would last all the season of the 34 years of Arenado. Nightengale adds that both parties have also discussed an option to acquire or a team option for an eighth season.
Arenado, 28 in April, won a gold glove in his six seasons in the Major League, pairing the equipment with Silver Sluggers in each of the previous four seasons. He has made four consecutive star teams and has ranked in the top five of the National League votes in three consecutive seasons. In the past four years, Arenado has led the National League three times and has posted a combined .297 / .358 / .573 line with 158 homers, 159 doubles and 19 triples.
Critics point to Arenado's house / road division by suggesting that its value is inflated by Coors Field, and though it is certainly true that it benefits from this batting-friendly environment, it has also reduced robustly the .267 / .329 / .502 score. over the past four years (many of these games being shown at pitcher's parks in San Francisco, San Diego and Los Angeles). And neutral indicators like OPS + (129) and wRC + (127) estimate that even after adjusting for the benefits of its original park, the Arenado stick was 27 to 29 percent higher than that of an average league hitter since 2015. On the wRC + he is one of the top 35 hitters of the match over this four-year period and, when he is combined with his tight-defending home defense, he ranks in the top 10 of the top-ranked replacement wins among the position players, by Fangraphs.
Overall, Arenado's place among the player's legitimate superstars is undeniable, and he may have more value for the Rockies than he would with any other organization given his existing ties to the fans and the Denver community. He is almost two years older than the two free bats of today's post-season, Bryce Harper and Manny Machado, so it's not a surprise to see Arenado moving towards a slightly shorter contract than his much-vaunted peers. But in terms of annual rates, the new deal already exceeds Machado's annual salary and could potentially be higher than the AAV that Harper will eventually accept.
Arenado is the second potential free agent for 2019-20 to take an extension rather than test an open market that has become increasingly slower for the most promising talents. (Aaron Hicks signed a seven-year contract with the Yankees yesterday.)
More soon.
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