The Colorado Rockies avoided arbitration for Jhoulys Chacin by signing the right-hander to a two-year, $5.6 million deal on Saturday. Chacin announced the new contract himself, which is pending a physical and still hasn’t been made official by the team. Granted it’s legit, the Rockies were wise to lock up Chacin for two more years and not let the situation go to arbitration.
The 25-year-old Chacin went 3-5 in 14 starts during the 2012 MLB season with a 4.43 ERA in 69 innings of work. He gave up 80 hits, 34 earned runs and 10 homers while walking 10 batters and striking out 45. He’s a vital part of the Rockies’ rotation and they would be foolish to let his contract situation go to arbitration, which has seemingly been avoided.
Chacin filed for a 2013 salary of $2.6 million while the Rockies offered him almost $1 million less, but the two sides were able to work out a deal that keeps the Venezuelan in Colorado for at least two more seasons. Chacin’s ERA ballooned in 2012 with just half as many starts as he recorded in 2011, so he’s going to have to earn his new average salary of $2.8 million or he might not get so lucky with his contract situation in 2015.
The fact the Rockies finished dead last in the NL West last season almost makes it surprising that they didn’t allow Chacin’s contract to go to arbitration and his nerve issue that caused him to miss a big portion of the 2012 season definitely didn’t clear anything up, either. The Rockies have their man, but it remains to be seen what he’ll do now that he’s under contract for two more years.