The Colorado Rockies and right-handed reliever Rafael Betancourt have agreed on a new contract that runs through 2013 with an option for 2014.
The 36-year-old Betancourt was already under contract for this season and had a $4.25 million mutual option for 2013. The Denver Post reported recently that the Rockies would pick up that option and add a club option for the same salary for 2014.
The Venezuela native enters spring training as the Rockies' closer. He saved eight of nine games filling in for an injured Huston Street last August. The Rockies traded Street to San Diego in December.
Betancourt has never had a closer's job to start a season. He has 27 career saves and 141 holds for Cleveland (2003-09) and Colorado (2009-2011).