A major free agency domino has fallen as righty closer Wade Davis has signed a three-year, $52m contract with the Colorado Rockies.
According to multiple reports, Davis' deal is for three years and worth $52 million, making it the highest per-year salary ever for a reliever.
Davis spent four seasons (2013-2016) with the Kansas City Royals and won a World Series during that time, but he was shipped out of town in December 2016 in a deal with the Cubs.
Davis will also reportedly be in line for a $14 million vesting option for the 2021 season. Of those 79 saves, 76 have come in the last three seasons with the Royals and Cubs.
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The Rockies are bringing back lefty Jake McGee (3 years, $27 million), and signed former Cleveland Indians right-hand set-up man Bryan Shaw (3 years, $27 million) earlier this month.
Davis registered a 2.30 ERA, 1.14 WHIP, and 79/28 K/BB ratio over 58 2/3 innings for the Cubs in 2017 and will open the 2018 campaign as Colorado's new closer. 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. However, the signing of Davis may change that.
The Rockies' closer in 2017 was Greg Holland, who saved 41 games in his first season after undergoing Tommy John surgery in 2015 when he was with the Royals.