Nolan Arenado and the Colorado Rockies are finalizing a massive contract extension, per reports. The deal is reportedly eight years, $260 million with an opt-out after year three, and replaces the 1 year, $26 million deal that was agreed to last month.
Arenado, who turns 28 in April, has established himself as one of the top third basemen in the majors, and the Texas Rangers reportedly were looking to pursue him aggressively after the 2019 season, when he would be a free agent. Instead, Arenado appears to be getting locked up on a deal that will pay him over $30 million per year long term.
Arenado also gets a full no trade clause, per reports.