The Colorado Rockies have confirmed their agreement with third baseman Nolan Arenado over a new eight-year contract that will see him remain with the team through to the 2026 season.
Arenado will have an out clause after three seasons and his deal is expected to include a full no-trade clause.
Arenado could have become a free agent later this year.
Machado only recently found a home, agreeing to a 10-year, $300 million deal with the San Diego Padres.
Arenado, 27, will now be the highest-paid position player in the game - at least until free agent Bryce Harper signs - with an average annual value of $32.5 million, just ahead of the $31 million of Detroit Tigers designated hitter Miguel Cabrera, and behind the top earner in the majors, Arizona Diamondbacks pitcher Zack Greinke, at $34.4 million.
"Believe me, I educated myself a lot on what I really wanted and I just felt like this was the best thing for me", Arenado said.
Nolan Arenado's days as the face of the Rockies franchise will continue beyond the 2019 season.
The Rockies are trending up after making the postseason in back-to-back seasons, a franchise first.
Even more, they almost captured the team's first NL West title before losing in a tiebreaker at Los Angeles in a one-game playoff. "The Rockies are planning on building a team that continues to contend in the National League West, that continues to contend for a World Series - so you didn't want this hanging over the team". Arenado likes where he's at and the direction the Colorado Rockies are headed. He's also finished 8th, 5th, 4th, and 3rd in MVP voting the last four seasons, averaging 158 games played, 40 home runs, 126 RBIs, 40 doubles, and a.297/.358/.573 slash line during that span.
"A larger market team if they have what they call dead salary when a player is a little older, they can sort of get by with it".
The new deal is relatively front-loaded.
Some of those names, including Rendon, could also come off the market in the coming months by signing extensions with their current teams. Colorado boasts a young rotation led by Kyle Freeland and German Marquez that's filled with promise.