Rafael Betancourt, Colorado Rockies Agree To New Contract, According To Report

The Colorado Rockies and relief pitcher Rafael Betancourt have agreed to a new contract that could reach into the 2014 contract, reports ESPN Deportes Enrique Rojas. The deal guarantees Betancourt's contract through 2013 and has an option for 2014.

Betancourt had a mutual option with the Rockies for the 2013 season at $4.25 million with the deal he signed in Jan. 2011. That option is now guaranteed at that price while the option on the deal is also worth $4.25 million. He will make $4 million for the 2012 season, as agreed to in last year's deal.

Betancourt is expected to be the Rockies' closer in 2012 with the departure of Huston Street to the San Diego Padres by trade this offseason. Betancourt supplanted Street in the final two months of the season for the role. He finished the season with a 2.89 ERA and eight saves.

h/t MLBTradeRumors

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