MLB Free Agency: Colorado Rockies sign Wade Davis

Wade Davis Stats | Baseball-Reference.com

MLB Free Agency: Colorado Rockies sign Wade Davis

Standout closer Wade Davis and the Colorado Rockies have agreed on a three-year, $52 million deal, according to multiple reports on Friday.

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Davis, one of Colorado's primary targets this offseason, has signed a three-year deal that will pay the right-hander an average of $17.33million per year - a record for a reliever. That is the highest per-year salary ever paid to a reliever. There's also a fourth-year vesting option that could elevate his total earnings to $66 million.

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Davis was the Cubs' closer in 2017, notching 32 saves with a 2.30 ERA and 79 strikeouts in 58 2/3 innings for the National League Central champs. This is now the third major piece to the bullpen corps for the Rockies, following the signing of Bryan Shaw and the resigning of Jake McGee earlier in the winter. The Rockies had been linked to wanting Holland back but it's been no secret that Holland and his agent Scott Boras were seeking a long-term deal hoping to cash in on his success from a year ago.

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Davis replaces former Kansas City Royals teammate Greg Holland as the Rockies' closer. Those who had been in the market for Davis were also in the market for Holland so a signing should come together relatively quickly. He was part of the Royals' 2015 World Series-winning team. Holland, however, underwent Tommy John surgery near the end of the regular season after compiling 32 saves.

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