Rockies turn down mutual option with Thairo Estrada

The Colorado Rockies have turned down their end of a mutual option with infielder Thairo Estrada, reports Thomas Harding of MLB.com. For now, Estrada remains on the roster and the Rockies technically could retain him for 2026 via arbitration, though that seems unlikely.

Estrada, 30 in February, had some good seasons with the San Francisco Giants. However, in 2024, he struggled enough to get outrighted off the roster midseason and became a free agent afterwards. The Rockies signed him to a one-year, $4M contract coming into 2025. That broke down as a $3.25M salary this year, followed by a $750K buyout on a $7M mutual option.

If Estrada had bounced back to his 2021-23 levels, it would have been a nice buy-low move. Unfortunately, it turned into mostly a lost season. Estrada made separate trips to the injured list for a right wrist fracture, a sprained left thumb and a right hamstring strain. He only got into 39 games and slashed .253/.285/.370 for a wRC+ of 66.

Given that performance, the Rockies obviously weren’t going to crank up his salary by picking up the option. He does not automatically become a free agent, however, as he is still shy of six years of major league service. The Rockies could retain Estrada for 2026 via arbitration. MLBTR contributor Matt Swartz projects Estrada for a $3.8M salary through the arbitration process.

Even at that price point, the Rockies are probably planning to move on, since Estrada is now coming off two straight years of struggle. If the Rockies don’t tender him a contract, he will become a free agent later in the offseason. He would then be looking for another bounce back opportunity, which could be a minor league deal or perhaps a modest major league pact.