Arenado and the Rockies agreed to terms on a one-year, $5 million deal Friday, avoiding arbitration, Jon Heyman of CBS Sports reports.
Arenado is coming off of a breakout season in which he hit .287 and led the National League in both home runs (42) and RBI (130) while playing in 157 games. The 24-year-old will receive a substantial raise in his first season of arbitration eligibility, but he won't hit free agency until after the 2020 campaign.