Rockies sign Tyler Chatwood to two-year deal, avoiding arbitration

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The Rockies and pitcher Tyler Chatwood avoided arbitration, agreeing on a two-year deal, per ESPN’s Jerry Crasnick. Chatwood will get $2 million guaranteed, $1 million in each of 2015 and ’16. He can earn an additional $250,000 in ’16 by reaching a games-started threshold.

Chatwood, 25, was entering his first of three years of arbitration eligibility. The right-hander underwent Tommy John surgery in July. He made only four starts in 2014, posting a 4.50 ERA with a 20/8 K/BB ratio in 24 innings.

Chatwood was originally drafted by the Angels in the second round of the 2008 draft. He went to the Rockies in November 2011 in exchange for catcher Chris Iannetta.