McGee’s deal guarantees $27 million and includes significant performance bonuses and a $9 million club option for 2021, according to our Chris Cotillo. Cotillo reports that the deal can max out at around $50 million over four years if all bonuses are reached and the option is picked up.
McGee, 31, has spent the past two seasons in Colorado and returns there after briefly testing the free-agent market. After posting a 2.77 ERA and 1.02 WHIP with 319 strikeouts, and 72 walks over 259.2 innings with the Rays from 2010-15, McGee hasn’t been quite as dominant with the Rockies, posting a 4.11 ERA with a 1.31 WHIP, 96 strikeouts and 32 walks over 103 innings in the last two seasons.
After signing right-hander Bryan Shaw to a three-year deal on Tuesday, the Rockies are beginning to build up some impressive bullpen depth, though they had their work cut out for them with Greg Holland, Pat Neshek, and McGee hitting the free-agent market.