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Rockies are sending cash believed to be in the $50m range and Arenado will be deferring money.
Arenado has an opt-out clause after 2021, he will get an additional opt-out after 2022, and retain his full no-trade clause.
The deal is pending approval from the MLB and Players Union and Arenado needs to formally waive his no-trade clause.
Players possibly involved in the trade are Austin Gomber, Luken Baker, Jake Woodford, and Angel Rondon.
