Rockies ink Freeland to 5-year extension reportedly worth $64.5M

The Colorado Rockies and left-hander Kyle Freeland agreed to a five-year extension, the club announced Tuesday.

The contract is worth $64.5 million and includes a sixth-year player option, sources told Jeff Passan of ESPN.

Freeland's $17-million player option depends on whether he can throw at least 170 innings in 2025, according to Jon Heyman of MLB Network.

The 28-year-old can opt out of his deal following the 2024 campaign if he finishes top five in Cy Young voting in 2022 or 2023, Ken Rosenthal of The Athletic reports.

Freeland owns a 4.28 ERA with 517 strikeouts over 633 innings (121 starts) across six years with the Rockies. His best season came in 2018 when he accrued a 2.85 ERA with 17 wins. However, he's amassed a 5.32 ERA with a combined 2.6 fWAR over 304 2/3 innings since his breakout year.