NEW YORK (AP) – Nolan Arenado’s contract was amended when the All-Star third baseman was traded to the Cardinals by the Colorado Rockies, adding a $15 million salary for 2027 to leave him owed $214 million over seven seasons by St. Louis. As part of the amended contract, $50 million of that $214 million will be deferred and payable through 2041, according to details obtained by The Associated Press. Colorado will pay St. Louis $51 million if Arenado decides to keep his entire contract and not opt-out early.
Arenado had been set to be paid $199 million over the remaining six seasons of a $260 million eight-year contract he signed with the Rockies: $35 million annually from 2021-24, $32 million in 2025, and $27 million in 2026. As part of the amendment reached when Arenado agreed to the Feb. 1 trade, a $15 million salary was added for 2027 when he turns 36. While his original contract allowed him to opt-out after the 2021 season, the amended agreement will enable him to opt-out after 2021 or 2022.
As part of the amendment, the Cardinals will defer $20 million in his 2021 salary, payable in 10 equal installments with 2% interest each July 1 from 2022-26.
In addition, $6 million annually will be deferred with no interest from 2022-26, payable in 10 installments of $3 million each July 1 from 2032-41.
Arenado gets a hotel suite on road trips, as he did in the original contract.
As part of the trade, the Rockies agreed to pay St. Louis $51 million of the $199 million remaining at the time, of which $30,429,500 is guaranteed, and another $20,570,500 is conditioned Arenado not opting out.
St. Louis dealt left-hander Austin Gomber and four minor leaguers to the Rockies: infielders Elehuris Montero and Mateo Gil, along with right-handers Tony Locey and Jake Sommers.
Arenado is batting .314 with three homers and eight RBIs through his first 12 games.
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