Ubaldo Jimenez just received a very nice raise from the Colorado Rockies as they two agreed on a four-year contract that will keep Jimenez in a Rockies uniform for quite a while. The contract is $10 million in guranteed money as well as club options in 2013 and 2014.

He will receive $750,000 in 2009, $1.25 million in 2010, $2.8 million in 2011 and $4.2 million in 2012. The club options are for $5.75 million in 2013 and $8 million in 2014. There is a $1 million buyout on the options

Rockies General Manager Dan O’Dowd had this to say:

“We like the type of kid he is,” Rockies general manager Dan O’Dowd siad. “He’s got tremendous character and integrity. I think he’s bought into everything we’re all about.

I think he has a chance to be an ace with his ability, but he has some areas he needs to improve on before he’s able to do that.”

Congrats to the Rockies and Jimenez on getting a deal worked out!