Rafael Betancourt and the Colorado Rockies have agreed to extend the contract of the Venezuelan reliever until 2012, with a mutual option for 2013, a source told ESPNdeportes.com. The deal will become official when Betancourt undergoes a physical, which will occur when Colorado opens spring training. Betancourt, who was already signed for $ 3.77 million for 2011, will earn $ 4 million in 2012 and could guarantee a salary of $ 4.25 million next season if both parties execute the option. Colorado will pay $250,000 in compensation if the option is not activated. Read more:http://sports.espn.go.com/mlb/news/story?id=6074321
