Starting with a $100,000 bonus for reaching the 140-inning mark, Francis can earn an extra $25,000 on top of that for each additional set of 10 innings pitched. If he reaches 210 innings, Francis will cap out at a $1.5 million bonus.
The 31-year-old southpaw will also be eligible to receive the typical bonuses for being selected to the NL All-Star team, winning a Gold Glove, or being named the NL Comeback Player of the Year.
Francis was the Rockies' leader in 2012 in innings pitched with 113, and wins by a starting pitcher with six. In addition, he is second on the team's all-time list in each of those categories, sitting just shy of the 1,000 innings pitched mark while winning 61 games with Colorado.