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Nolan Arenado, Rockies Officially Agree to 8-Year Contract Extension

Nolan Arenado is off the market after the Colorado Rockies signed their All-Star third baseman to an eight-year contract extension, the Rockies announced Tuesday.

According to USA Today's Bob Nightengale, Arenado will receive $260 million over the life of the deal. ESPN.com's Jeff Passan provided more of the details:

Jeff Passan

BREAKING: Third baseman Nolan Arenado and the Colorado Rockies are finalizing an eight-year, contract extension worth more than $255M, league sources tell ESPN. Deal includes an opt-out after three years, would give Arenado the largest per-year salary of any position player.