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UPDATE: Rockies close to ten-year extension with Troy Tulowitzki

Nov 29, 2010, 10:35 PM EST

Troy Tulowitzki

UPDATE: Final word on this for the night. Tracy Ringolsby hears that Tulowitzki will receive $157.75 million over the length of the contract. This includes $23.75 million for the final three guaranteed years remaining on his current deal, his $15 million option for 2014 and $119 million for six new years.

10:35 PM: According to Jon Heyman of SI.com, the six-year extension is “believed to be worth” $120 million, bringing the entire package to around $160 million.

10:05 PM: We thought Cliff Lee or Carl Crawford would sign the biggest deal of the winter, but it turns out that honor may go to Troy Tulowitzki.

According to a report first passed along by Keith Law of ESPN.com and confirmed by Buster Olney of ESPN.com, the Rockies are nearing a contract extension with Tulowitzki that may be for as long as ten years.

Tulowitzki, who turned 26 last month, is in the middle of a six-year, $31 million contract that runs through 2013 and includes a $15 million club option for 2014. According to Jon Heyman of SI.com, the Rockies would pick up the option in the new deal and add six years to the contract.

Tulowtizki batted .315/.381/.568 with 27 homers, 95 RBI and a 949 OPS this past season while winning his first Gold Glove and being named to the All-Star team for the first time. The reported extension would take Tulowitzki through his age-35 season and quite possibly top Todd Helton’s nine-year, $141.5 million deal as the richest in franchise history. Stay tuned.

  1. Ari Collins - Nov 29, 2010 at 10:11 PM

    So instead of getting him for his late 20s and letting him go when he hits 30, they want to have him for his early and mid 30s as well? When they don’t have to make a decision for another several years? This seems like a very bad idea. And I love Tulo!

  2. Panda Claus - Nov 29, 2010 at 10:48 PM

    In general I think it’s not a good idea to sign any athlete to a contract longer than five or six years. The bad side of deals like this always seem to come out when the terms are guaranteed. Rick DiPietro anyone?

    At least Tulowitki’s not throwing from the mound every five days because long-term deals with pitchers are even higher risks. Maybe Troy will be the one that succeeds.

  3. apbaguy - Nov 30, 2010 at 12:39 AM

    Boy, it looks like the Rockies didn’t learn anything from their long-term deal with Todd Helton. They obviously took away that their only bad contracts were with pitchers. Middle infielders can seriously decline in their 30’s, so maybe they see Tulo as their 3B in 5 years.

  4. Ick McWang - Nov 30, 2010 at 1:38 AM

    too bad the Rays couldn’t find a way to do this with Crawford. Oh wel, at least we have Longoria locked up for a few years yet

  5. Walk - Nov 30, 2010 at 8:32 AM

    If tulo is making twenty mill year i would say he is the new benchmark to value production at ss. I have watched the guy play some and he has a great arm, i would see no problem with him making the transition to third later in his career.

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