NOW IT’S OFFICIAL! It also marks the first time a player has signed for more than $220 million to remain with the same team, according to USA Today.The Rockies had expressed a desire to retain Arenado, a six-time Gold Glove defender and four-time All-Star who could’ve become a free agent after this season. He has finished in the top five in the National League MVP voting each of the last three years and has a career .291/.346/.539 slash line over six MLB seasons.Rockies chairman and CEO Dick Monfort had said the team was confident it could get a deal done with its franchise player, who also had said he liked where he is and wanted to stay in Colorado.“It’s such a great place,’’ Arenado told USA Today. “I really enjoy the fact there’s a comfortability here. You know the coaches. You know the players. Some of my best friends are on this team. MLB hot stove: Phillies ‘concerned’ Bryce Harper will sign with Dodgers, report says We have agreed to terms with Nolan Arenado on an eight-year contract that could keep him with the club through the 2026 season. pic.twitter.com/0MYeCuYSkw— 𝗖𝗼𝗹𝗼𝗿𝗮𝗱𝗼 𝗥𝗼𝗰𝗸𝗶𝗲𝘀 (@Rockies) February 27, 2019The contract would negate the one-year, $26 million deal Arenado signed to avoid arbitration this offseason and adjust his contract going forward. The deal includes an opt-out after three years, according to ESPN’s report.BREAKING: Third baseman Nolan Arenado and the Colorado Rockies are finalizing an eight-year, contract extension worth more than $255M, league sources tell ESPN. Deal includes an opt-out after three years, would give Arenado the largest per-year salary of any position player.— Jeff Passan (@JeffPassan) February 26, 2019Arenado, who turns 28 on April 16, becomes MLB’s highest-paid position player, based on the contract’s average annual value of $31.875 million, surpassing Miguel Cabrera’s contract with the Tigers that pays him $31 million per year. Related News The Rockies and All-Star third baseman Nolan Arenado have agreed to an eight-year extension, the team announced Tuesday.The deal is worth more than $255 million, according to a report from The Denver Post, which confirmed an earlier report from ESPN.com. “I grew up here in this organization, so it feels like home in a way. I’ve been here since the tide has changed, and that’s a really good feeling. I was part of that change.“You want to win in a place where you’ve been all of your life.’’The deal keeps Arenado under team control until 2026 and it includes a full no-trade clause.