Starter Germán Márquez and the Colorado Rockies agreed Saturday on a five-year, $43 million contract extension, pending a physical, locking up the right-hander whose breakout second half helped fuel the Rockies to the 2018 postseason, league sources familiar with the deal told ESPN.
Colorado Rockies Wiretap
MLB is seeking to gain control of local broadcasting agreements with teams and has placed a bid to purchase regional sports networks from Disney.
Disney acquired 22 RSNs as part of its $71 billion purchase of 21st Century Fox's entertainment business.
“There’s tremendous revenue disparity in our game, and I think that if we had more of a national model closer to where the NFL is it would solve a lot of those competitive issues for us, kind of level the playing field,” baseball Commissioner Rob Manfred said Wednesday.
“I think that all of the difficult issues for baseball, if you took that revenue disparity out of the picture, would be easier.”
The New York Yankees have a right of first refusal to buy back control of their YES Network and have arranged partners for their own deal. MLB wants to purchase the remaining networks.
“Strategically, it would be a very interesting move for us,” Manfred said during a breakfast at The Paley Center for Media.
“Our game has always had sort of a national broadcast component that’s come out of New York. But the bulk of our business has been local. And the idea of a central baseball having more control over local rights is one that’s really intriguing to us. If we do the transaction, we’ll do it on the theory that we will try to accumulate more.”
Leagues and teams are worried how the cord-cutting trend will impact this business.
“You’re buying an ongoing RSN business, which generates really significant profits right now,” Manfred said. “I think everybody knows that it’s probably going to degrade over time as the cable model erodes.
“I think for us, we’d be prepared to live with that, run out of profitability and at the end of that runout, assuming it comes to some sort of a hard end, we would be in control of the content, which we fundamentally believe in, and we think that holding it as a lead better positions us to figure out exactly what that next distribution model is going to look like for the benefit of the league, as opposed to having some kind of private equity firm owning the RSNs.”
The Colorado Rockies are finalizing an eight-year, $260 million contract extension with Nolan Arenado, according to league sources.
The deal, which includes a full no-trade clause, could last through the 2026 season.
Arenado could have become a free agent later this year.
The overall value of Arenado's deal will fall short of the $300 million Manny Machado received from the San Diego Padres, but will top Machado's $30 million a year salary.
The Colorado Rockies have agreed to a three-year contract extension with Bud Black.
Black has guided the Rockies to back-to-back playoff appearances.
The manager's contract now runs through the 2022 season.
"Buddy has seamlessly become part of our leadership fabric," Jeff Bridich said. "Our organization as a whole is better for it."
He has posted a 178-147 record since being named Colorado's manager. His .548 winning percentage is the best in franchise history.
The Colorado Rockies are moving Charlie Blackmon to right field.
Blackmon has played center field for the club since 2014. He's logged more games in center than anyone else in franchise history.
"[Bud Black] assured me this was going to help the Rockies win more games, and I'm all about that," Blackmon said.
Ian Desmond is slated to play center, while David Dahl will be in left.
"I really enjoy playing center field," Blackmon said. "I think you can impact the game in center field more than in either corner. There is a sense of pride in being able to play center field, especially at Coors Field. I'm not going to let that get in the way, especially if we think it is going to help us win more games.
"Ian Desmond is more than capable. Super-fast. Incredible athlete. I'm sure he'll pick up the slack just fine."
The Colorado Rockies are at "the finals" in extension talks with Nolan Arenado, according to owner Dick Monfort.
Arenado could hit free agency next offseason.
If he lands an extension worth around $250 million soon, it could lead to Bryce Harper and/or Manny Machado asking for that much -- if not more -- in free agency.
The Colorado Rockies are optimistic they can reach a long-term contract extension with Nolan Arenado.
The two sides finalized a one-year, $26 million deal last week.
"I think we've gotten it to the point where we're to the finals," owner Dick Monfort said. "We're to the crescendo."
Nolan Arenado has agreed to a one-year, $26 million deal with the Colorado Rockies.
The contract sets a record for a one-year salary for an arbitration-eligible player.
"It feels good to have things settled," Arenado told the Associated Press. "I think it's good to have less things in the back of your mind and this is one of them. It's [a] great day -- great mutual respect between me, my agency and the club."
Over his past four seasons, Arenado's 158 home runs rank third in the Major Leagues and his 503 RBIs first.
The Colorado Rockies have agreed to a Minor League deal with Mark Reynolds.
The pact includes an invitation to Spring Training. If he's added to the 40-man roster, Reynolds will receive a one-year, $1 million contract with the possibility of another $1 million in performance bonuses.
DJ LeMahieu has reached an agreement with the New York Yankees on a two-year, $24 million deal, league sources told ESPN's Jeff Passan.
LeMahieu will join the Yankees after seven impressive seasons with the Colorado Rockies that included two All-Star selections, three Gold Glove Awards and the 2016 National League batting title.