Nolan Arenado finalizing $260M deal with Rockies

Nolan Arenado finalizing $260M deal with Rockies”

Kershaw wound up signing a three-year extension with the Dodgers, bypassing the chance to become a free agent for a second time in his career.

Arenado says the cold free-agent market the past two seasons wasn't a big factor, but "obviously it's in your head". In terms of overall average annual salary (AAV), Arenado's contract trails only Zack Greinke's $34.4MM mark for the largest in Major League Baseball history.

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

Arenado is a four-time All-Star and a six-time gold glove victor. He has made four-straight All-Star Games and finished in the top-ten of the NL MVP race in each of the last four seasons. The Lake Forest, Calif. native bashed 38 homers and 38 doubles past year, hitting.297 while driving in 110 runs.

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Arenado has been among the most productive players in the National League since 2015. But in terms of annual rate, the new contract already tops Machado's annual salary and could potentially be higher than the AAV to which Harper will eventually agree.

His deal allows him to opt out after the 2021 season and become a free agent. In terms of luxury taxation, the Rockies are still almost $40MM shy of having anything to worry about in 2019, and their luxury tax ledger plummets to just north of $129MM next winter, which would place them almost $80MM shy of incurring any penalties.

Original reports stated it was a seven-year deal worth $245 million, according to Bob Nightengale of USA TODAY Sports, which would have carried a record-breaking average annual value of $35 million. He also notes that it is a deal for $260 million, unlike Passan, who originally reported $255 million.

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