Rockies reportedly agree to extension with Betancourt

The Rockies have reportedly agreed to a contract extension with reliever Rafael Betancourt, according to Enrique Rojas of ESPN Deportes.

The deal reportedly guarantees the right-hander a $4.25 million mutual option for 2013 and adds an option in 2014 for the same salary. He will earn $4 million in 2012, a part of his current contract.

As one of baseball’s best relievers, Betancourt, who will turn 37 in April, posted an ERA of 2.89 in 2011 and saved eight games while then Rockies closer Huston Street was on the disabled list.

With Street being traded to the Padres this off season, Betancourt will likely take over as Colorado’s closer this year.

— Quinn Roberts

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