Today the rockies decided to execute Rafael Betancourt’s mutual option, extending his time with the team through 2014. The deal is worth $8.5 million ($4.25 million in 2013 and 2014). As reported in ESPN Deportes, Betancourt is happy with the deal:
Basically, the Rockies executed the mutual option I had in my contract for 2013 and added another in 2014, which guarantees me work for the next two years and the possibility of a third followed in Colorado,” said Betancourt. “I prefer [security] first, I am happy the deal.
Betancourt will turn 37 this april and is looking to become the Rockies closer after Huston Street was traded to the Padres during the off-season. Last season he had a 2.89 ERA with 10.5 K/9 and 1.2 BB/9 in 62 1/3 innings, saving eight games.