10:38pm: The Rockies will pay De La Rosa $32-33MM over three years, according to Rosenthal (on Twitter). Renck says the Rockies and De La Rosa have an agreement in principle, though there is still some question about whether the lefty prefers two or three years.
9:06pm: It's a big day for the Rockies. Not only are they nearing a mega-deal with their All-Star shortstop, they're close to a three-year contract with Jorge de la Rosa, according to Ken Rosenthal of FOX Sports (on Twitter). De La Rosa and teammate Troy Tulowitzki are both represented by TWC Sports.
Rosenthal reported earlier tonight that the Nationals also made De La Rosa an offer. The Pirates, Orioles, Rangers, Brewers and Yankees also had some interest in Type A free agent. The Rockies would have obtained two compensation picks had De La Rosa signed elsewhere.
Now that De La Rosa, Ted Lilly, Hiroki Kuroda, Javier Vazquez, Jon Garland and Jake Westbrook have signed deals, there's not much left on the starting pitching market other than Cliff Lee and Carl Pavano. As MLBTR's Tim Dierkes explained earlier today, many teams could be looking to add starters.