MONDAY, 9:22pm: The Rockies and Troy Tulowitzki are nearing a six-year extension that will keep the shortstop in Denver through 2020 and pay him $119MM. Tulowitzki will be approaching his 36th birthday by the time the extension expires.
Tulowitzki is midway through the six-year, $31MM extension he signed before the 2008 season. He'll earn $38.75MM through 2014 on that deal once the Rockies exercise his 2014 option for $15MM. He'll also earn $119MM for the 2015-2020 seasons.
Tulowitzki won a Gold Glove and a Silver Slugger in 2010, finishing fifth in MVP voting for the second consecutive season. The 26-year-old also made his first All-Star team and, even though he missed a month with a left wrist fracture, finished the season with fantastic numbers. He posted a .315/.381/.568 line and hit 27 homers in 529 plate appearances.
Tulo's deal will become one of the most lucrative contracts in Rockies franchise history. Todd Helton ($141.5MM over nine years, 2001) and Mike Hampton ($121MM over eight years, 2000) also signed nine-figure deals with the Rockies. Back in March, O'Dowd compared Tulowitzki to Derek Jeter in a conversation with Tyler Kepner of the New York Times. Interestingly, the Rockies are locking up Tulo at the same time the Yankees' negotiations with Jeter have become surprisingly contentious.
ESPN.com's Keith Law first reported that the sides were nearing a deal, ESPN.com's Buster Olney confirmed that the sides were closing in on one and Jon Heyman of SI.com, Thomas Harding of MLB.com, Troy Renck of the Denver Post and Tracy Ringolsby of FOX Sports also reported on the story via Twitter.
Tim Dierkes contributed to this post.