Rockies sign Kyle Kendrick to one-year, $5.5 million deal

The Rockies have reached agreement with right-hander Kyle Kendrick on a one-year, $5.5 million contract, as first reported by Jon Heyman of CBSSports.com and Jeff Passan of Yahoo! Sports. According to Passan, Kendrick can earn $500K in incentives if he throws 190 or more innings for Colorado next season.

Kendrick, 30, drew significant interest from the Astros and Twins after spending his entire major-league career with the Phillies before hitting the open market this winter. He will pitch alongside Jorge De La Rosa, Jhoulys Chacin, Tyler Matzek and Jordan Lyles in a crowded Rockies' rotation mix, with Christian Bergman, Eddie Butler, Chad Bettis and David Hale also potentially eating some innings for the club.

In 32 starts for the Phillies last season, Kendrick posted a 10-13 record and 4.61 ERA, strikingly similar to the 10-13 record and 4.70 ERA that he had posted in 2013. He is a lifetime 74-68 record with a 4.42 ERA in seven seasons, with his best year coming in 2011, when he was 8-6 with a 3.22 ERA in 114.2 innings.