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Source: Rockies, right-hander Michael Lorenzen agree to one-year deal

The Rockies have agreed to a one-year, $8 million contract with veteran right-hander Michael Lorenzen, a major league source confirmed Wednesday night.

The club has not announced the free-agent deal, which includes a $9 million club option for 2027. It’s the Rockies’ first major free-agent acquisition since Paul DePodesta became the president of baseball operations in early November.

Lorenzen, 34, has pitched 11 seasons in the majors, both as a starter and a reliever. He’s pitched in 395 games, making 119 starts. However, the Rockies need depth in their rotation, so Lorenzen will compete for a starting job in 2026.