According to the Colorado Rockies’ official Twitter page, the team has reached an agreement with Jason Hammel on a two-year contract. The Denver Posts’ Troy E. Renck adds that the two-year deal will be $7.75 million ($3 million for 2011 and $4.75 million for 2012).  After the contract is complete, Hammel will still have one year left of arbitration eligibility.

Hammel, 28, was 10-9 with a 4.81 ERA in 30 starts for the Rockies in 2010.  His 2011 salary is almost a 50% increase from his $1.9 million he made last season.