Nolan Arenado likes the direction the Colorado Rockies are headed.
The All-Star third baseman agreed to a $260 million, eight-year contract on Tuesday, a person familiar with the negotiations told The Associated Press. The person spoke on condition of anonymity because the deal has not been finalized.
Arenado’s agreement includes a provision that allows him to opt out after three years and become a free agent.
If the deal is finalized, Arenado’s $32.5 million average annual value would be the second-highest in baseball history behind the $34.42 million for pitcher Zack Greinke in a $206.5 million contract with Arizona that began in 2016. Arenado’s deal would replace a $26 million, one-year contract he agreed to Jan. 31.