Nolan Arenado has signed an 8 year, $260MM extension with the Colorado Rockies. This deal is the largest ever per year given to a position player in MLB history: topping the deal Machado got. Ever since winning the Rookie of the Year in 2013, Arenado has been a top 10 player in the league pretty much every year. since 2015 he has gotten at least 8th in the MVP voting.
This will set the standard for other MVP caliber players in the coming years. While Nolan was set to become a free agent after the 2019 season, It is looking Paul Goldschmidt will be the headliner next year. Mookie Betts will be a free agent after the 2020 season, Mike Trout in 2021, Lindor in 2022; That bar will only raise after this deal.