The two sides agreed to a one-year deal worth $2.35MM last month to avoid arbitration. The new contract buys out Belisle's final season of arbitration-eligibility and one year of free agency.
Belisle, 30, found a home in Colorado's bullpen in 2009 after years of trying to cut it as a starter with the Reds. He broke out in a big way in 2010, leading all big league relievers with 92 innings pitched. Belisle struck out 91 batters (8.9 K/9) and walked just 16 (1.6 BB/9) in all those innings, though it's worth noting that five of those walks were intentional. He was also adept at getting ground balls, with a 46.3% grounder rate.
Colorado has now signed a total of six players to multiyear contract extensions this winter, as our Transaction Tracker shows. The others: Troy Tulowitzki, Carlos Gonzalez, Matt Lindstrom, Jason Hammel, and Rafael Betancourt. The total value of those extensions is north of $220MM, with most going to Tulo and CarGo.