Rockies, Tulowitzki agree to extension totaling 10-yrs/$157.75M - Basketball Forum : Professional and College Basketball Forums
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Old 11-30-2010, 02:07 PM   #1 (permalink)
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Rockies, Tulowitzki agree to extension totaling 10-yrs/$157.75M

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Rockies All-Star shortstop Troy Tulowitzki has agreed to a $134 million contract extension that locks him up with the team through at least 2020, according to sources.

The Denver Post first reported that the deal was for $134 million over seven seasons.

All told, the deal is worth $157.75 million in guaranteed money over the next 10 years, sources said.

Tulowitzki is already under contract from 2011 through 2013, and those terms hold. He'll earn $5.5 million in 2011, $8.25 million in 2012 and $10 million in 2013.

But under the extension, his salary will jump substantially, to $16 million in 2014 and $20 million yearly from 2015 through 2019. He will have a $14 million base salary in 2020, which could increase by as much as $6 million in escalators based on his 2019 performance -- for example, if he makes the All-Star team or wins a Gold Glove.

The team has a $14 million option for 2021, with a $4 million buyout. That option year also includes the same escalator pakage as in 2020.
http://sports.espn.go.com/mlb/news/story?id=5864835
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