According to the Denver Post’s Troy Renck, the proposed new contract would be a seven year extension, keeping the tenets of the current contract in place and adding $130 million in new money.
Tulowitzki is currently signed through 2013, with a club option in 2014 that totals $38.75 million in guaranteed money. The new contract would automatically pick up that 2014 option, and add approximately $130 million under a seven year extension that extends through 2020.
The significance of this extension is that it keeps Tulowitzki under team control at below market value for the next three years, allowing the team to use their financial flexibility to focus on adding complementary pieces to a championship core. Rumors are already flying that prized free agent pitcher Jorge De La Rosa is also nearing a three-year deal with the Rockies.
Tulowitzki and De La Rosa share the same agent, Paul Cohen.