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MLB Rumors: Nolan Arenado Offered Record-Breaking 7-Year, $245M Contract

Colorado Rockies' Nolan Arenado bats against the Arizona Diamondbacks during a spring baseball game in Scottsdale, Ariz., Sunday, Feb. 24, 2019. (AP Photo/Chris Carlson)

Chris Carlson/Associated Press

Colorado Rockies third baseman Nolan Arenado will reportedly be paid a record-breaking amount before he even hits free agency.

According to Jeff Passan of ESPN, the National League West team is finalizing an eight-year deal with an opt-out after three seasons that is worth more than $255 million. Bob Nightengale of USA Today also reported on the extension plans, noting it would replace the contract that’s set to pay him $26 million this year and break Miguel Cabrera’s record for annual salary for a position player ($31 million).

                    

This article will be updated to provide more information on this story as it becomes available.

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