Dunn signs with Rockies, eyes closer’s job

DENVER — The Rockies on Thursday reached a three-year agreement with free-agent southpaw reliever Mike Dunn, the club announced. The team introduced the lefty at a news conference.

According to a Major League source, the contract is guaranteed at $19 million, and the deal includes up to $1 million in games-finished incentives, which means Dunn could be Colorado’s closer in 2017.

• Hot Stove Tracker

Dunn, 31, who pitched the past five seasons with Miami, has struck out 10 batters per nine innings over an eight-year career with the Yankees, Braves and Marlins. He will receive salaries of $4 million in 2017, and $7 million in ’18 and ’19. There is a $1 million buyout on a 2020 club/vesting option.

If the club picks up the option, Dunn will receive $6 million in 2020; if he stays on the vesting option — 130 appearances over 2018 and ’19 or 60 in ’19 — he will receive $7 million in ’20. He will receive a bonus of $30,000 at 30 and 35 games finished, $150,000 at 40 and 45 games; $200,000 at 50 games; and $300,000 at 55 games.

Dunn would receive a $500,000 assignment bonus if traded.

Dunn was a key lefty setup man for former Marlins manager Mike Redmond, who recently was hired as the Rockies’ bench coach under new skipper Bud Black.

Last year, Dunn missed the first two months with a forearm strain — brought on by the attempt to add a changeup — then finished 6-1 with a …

continue reading in source mlb.mlb.com