The Breakdown: Terms of Nolan Arenado's 8-Year Contract with the Rockies
Nolan Arenado’s eight-year, $260 million contract will have it’s prime payment years from 2020-2024, when he will be paid $35 million annually. His right to opt out of his contract will come in the midst of that stretch – after the 2021 season, according to Cot’s Baseball Contracts.
The deal that was signed on Tuesday and announced on Wednesday, calls for Arenado to earn the $26 million salary that the two sides agreed upon for him to avoid arbitration, and then five years at $35 million a year. The salary will drop to $32 million in 2025, according to Cot’s, and $27 million in 2026, the final year of the deal.
His incentives include $100,000 if he is selected the NL MVP with $50,000 for finishing second through fifth. He also would receive $100,000 for earning Comeback Player of the Year honors; $75,000 for LCS MVP and World Series MVP; $50,000 for the Silver Slugger, $25,00 for each All-Star and Gold Glove selection.