Jerry Dipoto, one of only three Colorado pitchers to have an ERA under 5.00 last season, agreed to a $4.9 million, two-year contract with the Rockies.
Colorado negotiated the new deal after declining a $4 million option and electing to give the 31-year-old right-hander a $500,000 buyout.
"I wanted to stay," Dipoto said. "I had no desire to file for free agency once they made the decision they wanted me to stay."
Dipoto gets a $200,000 signing bonus and salaries of $2.25 million in each of the next two seasons. The Rockies have a $2.7 million option for 2002 with a $200,000 buyout.
Dipoto was 4-5 with a 4.26 ERA and one save last season. He worked primarily as a setup man in the late innings and allowed an NL-low 12.5 percent of inherited runners to score.
Dipoto has made 205 appearances in his three years with the Rockies, who acquired him from the New York Mets in a 1997 trade for Armando Reynoso.
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