Rockies finalize $27M, 3-year deals with Shaw, McGee
The 30-year-old Shaw was 4-6 with three saves and a 3.52 ERA last season for Cleveland. His 475 appearances since his 2011 debut are the third-most among relief pitchers in that span.
McGee was acquired from Tampa Bay before the 2016 season. The 31-year-old was 0-2 with three saves and a 3.61 ERA this year as the Rockies returned to the postseason for the first time since 2009 only to lose to Arizona in the NL wild-card game.
Shaw gets salaries of $7.5 million next year, $8.5 million in 2019 and $9 million in 2020, and the Rockies have a $9 million option for 2021 with a $2 million buyout. The option would become guaranteed if in 2019 he has at least 60 pitching appearances or 40 games finished, of if in 2019 and 2020 combined he has at least 110 pitching appearances. In both cases, he must be ruled sufficiently healthy to be on the 2021 opening day roster.
He also can make $4 million annually in performance bonuses for games finished: $500,000 each for 30 and 35, and $1 million apiece for 40, 50 and 60. Shaw also would get a $1 million assignment bonus if traded.
McGee receives $7 million next year, $8.5 million in 2019 and $9.5 million in 2020, and his deal includes option, performance bonus and assignment bonus provisions mirroring those of Shaw.
Colorado has not determined whether it will re-sign closer Greg Holland, who had 41 saves last season after missing 2016 while recovering from Tommy John surgery.
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Updated December 15, 2017