Carlos Gonzalez and the Rockies agreed to a seven-year, $80 million contract extension last week and the two sides are expected to finalize the deal today after Gonzalez undergoes a physical exam in Colorado.
Troy Renck of the Denver Post reports that Gonzalez flew in from Venezuela yesterday and will visit a doctor today, with a press conference “likely” for tomorrow.
Gonzalez wouldn’t have been eligible for arbitration until 2012, so the seven-year contract will cover his final season of pre-arbitration, all three seasons of arbitration, and his first three seasons of free agency. By comparison the six-year, $119 million extension teammate Troy Tulowitzki signed recently covers only free agent seasons, which is why Gonzalez’s deal is $39 million cheaper despite being one year longer.
Over the weekend Venezuelan newspaper El Nacional reported that Carlos Gonzalez was close to signing a long-term contract extension with the Rockies worth as much as $80 million.
Initially the Colorado-based media was pretty quiet about the possibility, but Troy Renck of the Denver Post just tweeted that he “would be surprised if deal doesn’t get done” and pegged the details as $80 million for seven years.
Gonzalez won’t be eligible for arbitration until 2012, so a seven-year contract would cover his final season of pre-arbitration, all three seasons of arbitration, and his first three seasons of free agency. By comparison the six-year, $119 million extension teammate Troy Tulowitzki signed recently covers only free agent seasons, which is why Gonzalez’s deal is so much cheaper.
Acquired from the A’s in 2008 as part of the Matt Holliday package, Gonzalez won the batting title as a 24-year-old last season, hitting .336 with 34 homers, 117 RBIs, 26 steals, and a .974 OPS. Coors Field inflated his raw numbers significantly, as Gonzalez hit .289 with a .775 OPS on the road compared to .380 with a 1.161 OPS at home, but he’s an elite all-around outfielder and one of baseball’s premier young players.
Colorado now has two young superstars locked up through at least 2017, but their previous long-term commitments to Todd Helton and Mike Hampton turned sour well before the end of those massive contracts and there’s plenty of risked involved in committing $200 million to Gonzalez and Tulowitzki when they were both already under team control through 2014 anyway.
Last week Jerry Crasnick of ESPN.com reported that at least five teams were pursuing Jeff Francis, but the Canadian left-hander talked to the Vancouver Province and downplayed the amount of interest he’s received as a free agent.
It’s exciting for people to read because they think there’s lots of things happening, but it’s not as fast-paced as it’s all made out to be. Teams are interested, but that’s about it at this point.
Francis finished a four-year, $13.25 million contract and the Rockies declined their $7.5 million option on him for 2011 after he went 4-6 with a 5.00 ERA in 104 innings coming back from shoulder surgery.
He’ll likely have to accept an incentive-laden one-year deal at this point, as Francis hasn’t been healthy and effective since winning 17 regular season games and two more in the playoffs during the Rockies’ run to the World Series in 2007.