DENVER — Hard-throwing righty German Márquez and the Colorado Rockies have agreed to a $43 million, five-year contract.
Colorado unilaterally renewed Márquez last month for a one-year deal paying $565,000 — $10,000 above the minimum — while in the major leagues and $275,000 while in the minors.
His new contract calls for a $1.5 million signing bonus, payable within 30 days of the deal’s approval by the commissioner’s office, and salaries of $1 million this year, $4.5 million in 2020, $7.5 million in 2021, $11 million in 2022 and $15 million in 2023. Colorado has a $16 million option for 2024 with a $2.5 million buyout.
If Márquez finishes among the top three in Cy Young Award voting at least twice over the next five years, the option becomes a mutual option. His 2023 and 2024 salaries would escalate by $1 million for each prior Cy Young Award and by $500,000 for each finish from second through fifth.
He would have been eligible for salary arbitration next winter and for free agency after the 2022 season.
Márquez had a franchise-best 230 strikeouts last season while finishing 14-11 with a 3.77 ERA.
The 24-year-old from Venezuela got the start in Game 3 of the NL Division Series against Milwaukee. He allowed two runs over five innings.
Márquez was acquired by Colorado on Jan. 28, 2016, along with reliever Jake McGee in a deal with the Tampa Bay RaysAlertMe