The Colorado Rockies and Gold-Glove third baseman Nolan Arenado are close to finalizing an eight-year, $260-million contract, according to multiple reports.
The contract will give Arenado the largest per-year salary of any position player, according to Jeff Passan of ESPN.
The contract will include an opt-out clause after three years and a full no-trade clause, according to MLB on FOX reporter Ken Rosenthal. It will override a one-year, $26 million deal Arenado signed in January to avoid arbitration. He was set to become a free agent after the 2019 season.
Arenado, 27, has won a Gold Glove at third base in each of his six major league seasons. He is a career .291 hitter with 186 home runs, 616 RBIs and an .886 OPS. He batted .297 with an NL-leading 38 homers last season, finishing third in MVP voting.
The new contract comes after the Rockies made back-to-back playoff appearances for the first time in club history. Manager Bud Black, who led the team to both appearances, signed a three-year contract extension Monday.
The Associated Press contributed to this report.