Reports: Nolan Arenado, Rockies finalizing record-breaking 8-year contract

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Colorado Rockies' Nolan Arenado follows the flight of his RBI-double off San Diego Padres relief pitcher Robbie Erlin in the third inning of a basebal

Colorado Rockies’ Nolan Arenado follows the flight of his RBI-double off San Diego Padres relief pitcher Robbie Erlin in the third inning of a baseball game Tuesday, Aug. 21, 2018, in Denver. (AP Photo/David Zalubowski)

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. 

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