Arbitration Eligibles: Colorado Rockies

The Rockies are next in our arbitration eligibles series.

• First time: Seth Smith, Dexter Fowler
• Second time: Ian Stewart
• Third time: Ryan Spilborghs

Having signed Troy Tulowitzki, Jason Hammel, Matt Lindstrom, Chris Iannetta, and Carlos Gonzalez to multiyear deals, the Rockies are left with only four arbitration eligible players.

Stewart and Spilborghs are non-tender candidates.  Rockies GM Dan O'Dowd recently said he's willing to give Stewart another opportunity, implying he will pay the $2MM or so that will be required if the third baseman is tendered a contract in December.  Two months remain until the non-tender deadline, however.  There is a case to keep Spilborghs at an approximate $2MM despite his 2011 struggles.  The 32-year-old had been a very useful fourth outfielder prior to this year and may have trade value at that price.

As a potential Super Two, Fowler projects to fall in the $2MM range as well.  Smith, who would be around $2.6MM, has been mentioned as potential trade bait should the Rockies sign an outfielder.

Cot's Baseball Contracts shows the Rockies have about $61MM owed to players under contract for next year.  If all four arbitration eligibles are retained, they'd be around $70MM before accounting for minimum salary players.  The Rockies would have around $13MM in 2012 flexibility, though as much as $18MM more could be cleared if the team non-tenders or trades Stewart, Spilborghs, Smith, Huston Street, and Ty Wigginton.

Matt Swartz contributed to this post.