Wade Davis reportedly agrees to a record deal with the Rockies

Wade Davis Stats | Baseball-Reference.com

According to the report, the Rockies will give Davis a three-year deal, worth $52 million, making him the highest paid reliever in baseball in terms of annual average salary.

According to Yahoo's Jeff Passan, the contract would be the highest per-year deal ever for a relief pitcher. Passan also said there is a fourth-year vesting option that could take the total spend to $66 million. In his nine-year career spanning time with the Cubs, Kansas City Royals and Tampa Bay Rays, the 32-year-old right-hander is 59-39 with a 3.45 ERA and 79 saves. Holland saved 41 games last season before declining a $15 million player option and becoming a free agent. This is now the third major piece to the bullpen corps for the Rockies, following the signing of Bryan Shaw and the resigning of Jake McGee earlier in the winter.

Davis registered a 2.30 ERA, 1.14 WHIP, and 79/28 K/BB ratio over 58 2/3 innings for the Cubs in 2017 and will open the 2018 campaign as Colorado's new closer.

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Of course, the move means righty Greg Holland will not return to Denver after posting 41 saves in 2017, not a tremendous loss since he exhausted out in the second half in his first year back from Tommy John surgery.

Davis replaces former Kansas City Royals teammate Greg Holland as the Rockies' closer. However, the signing of Davis may change that. He won a World Series with the Royals in 2015.

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