Rockies ink Márquez to 2-year extension reportedly worth $20M

Rockies ink Márquez to 2-year extension reportedly worth $20M

The Colorado Rockies and right-hander Germán Márquez agreed to a two-year contract extension through the 2025 season, the team announced Friday.

The agreement will pay Márquez $10 million in each of the next two seasons with $10 million in potential performance bonuses for 2025, sources told ESPN’s Jeff Passan.

The Rockies had a $16.5M option on Márquez with a $2.5M buyout for 2024. Despite having Tommy John in May, he was guaranteed an additional $17.5M and will hit free agency at 30 . The deal, negotiated by Daniel Szew, includes $4M of roster bonuses in 2025 and IP bonuses, too.

— Jeff Passan (@JeffPassan) September 8, 2023

“Germán has been an integral part of the Rockies organization both on and off the field since his first major-league season in 2016,” Rockies general manager Bill Schmidt said in a statement, according to MLB.com’s Thomas Harding.

“We are excited to secure Germán’s future in Denver with this extension and can’t wait to see him back out on the mound.”

Márquez is rehabbing after undergoing Tommy John surgery in May. The 28-year-old has spent his entire eight-year career with the Rockies, making an All-Star appearance in 2021.

Márquez is second on the Rockies’ all-time strikeouts list, third in wins, fourth in innings pitched, and sixth in ERA.

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