The Colorado Rockies are convinced that their right-hand pitcher Germán Márquez will return to the top level even after undergoing a Tommy John procedure in May. This is why the franchise opted to sign Márquez to a contract extension despite the fact he will miss most of the 2024 campaign.
The Rockies had a $16 million option on Márquez for 2024 that came with a $2.5 million buyout. Instead of picking it up or buying out the 28-year-old, the team opted to give him a new two-year extension that is worth $20 million. Márquez will also have an option to earn $10 million extra in 2025 in performance-based bonuses.
“Germán has been an integral part of the Rockies organization both on and off the field since his first Major League season in 2016,” Rockies general manager Bill Schmidt said in a statement. “We are excited to secure Germán’s future in Denver with this extension and can’t wait to see him back out on the mound.”
Márquez made his debut with the Rockies in 2016 and has since compiled a 65–56 record with a 4.41 ERA and 983 strikeouts. He won the Silver Slugger Award in 2018 and received an All-Star selection in 2021. The Venezuela native made four starts in 2023 before the injury, going 2-2 with a 4.95 ERA and 17 strikeouts.
