Shortstop Troy Tulowitzki has signed a seven-year contract extension with the Colorado Rockies, according to the Denver Posts’ Troy E. Renck.

ESPN’s Buster Olney breaks down the $157.75 million guaranteed contract:

Year	Money
2011	$5.5 million (previous contract)
2012	$8.25 million (previous contract)
2013	$10 million (previous contract)
2014	$15 million (option picked up)
2015	$20 million
2016	$20 million
2017	$20 million
2018	$20 million
2019	$20 million
2020	$14 million + $6 million in esc.
2021	$14 million + $6MM in esc. (team option with $4MM buyout)

Renck says the deal will be announced on Tuesday at a press conference.

Tulowitzki is currently under contract through 2013. He is already set to make $5.5 million in 2011, $8.25 million in 2012 and $10 million in 2013. MLB.com’s Thomas Harding says the extension will pick up Tulowitzki’s 2014 team option which is valued at $15 million.

ESPN Insider’s Keith Law was the first to report that that the Rockies are nearing a ten-year contract extension with Tulowitzki.

Tulowitzki, 26, hit .315/.381/.568 with 27 HR’s, and 95 RBI’s. On top of that, says Churchill, the former first-round draft pick posted an UZR/150 of 8.1, a well above-average mark for shortstop defense.