TUESDAY, 3:35pm: The Rockies announced that the deal is now official.
SATURDAY, 3:22pm: Jhoulys Chacin announced that he has agreed to a two-year, $6.5MM deal, according to Thomas Harding of MLB.com (on Twitter). The club confirmed the news to Troy Renck of the Denver Post (on Twitter). The right-hander is represented by Kinzer Management Group.
The 25-year-old, who was arbitration eligible for the first time this offseason, filed for $2.6MM while the Rockies countered with $1.7MM according to MLBTR's Arbitration Tracker. The deal will leave Chacin with one more arbitration eligible year before he is eligible for free agency following the 2015 season.
Chacin missed considerable time in 2012 thanks to a nagging right shoulder issue and wasn't as sharp in his 14 starts as he has been in years past. For his career with the Rockies spanning four seasons, Chacin owns a 3.68 ERA with 7.6 K/9 and 4.2 BB/9.