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Helton will be Rockie for life
Published January 08, 2015
First baseman Todd Helton has agreed to a contract restructuring and extension that will allow him to finish his career where it began, with the Colorado Rockies.
FOXSports.com has learned that Helton will defer a significant part of his 2011 salary and will receive an extension covering the 2012 and 2013 seasons.
An announcement is expected later today.
A source close to the situation said Helton was scheduled to earn $19.5 million in 2011 and his current deal also included a $4.5 million club buyout on an option for 2012.
Under the restructuring, Helton will receive a $4.5 million signing bonus payable in 2011 plus a $6 million base salary with $13 million deferred until after his playing career.
He will be paid salaries of $4.9 million in 2012 and $5 million in 2013.
The Rockies also will leave the door open for Helton to remain a part of the organization after he's finished playing. The Rockies' first round draft pick in 1995 out of the University of Tennessee, Helton holds every franchise offensive record.
https://www.foxnews.com/sports/helton-will-be-rockie-for-life