The 31-year-old Davis played with the Cubs in 2017 and was the club's only all-star representative in 2017.
Davis will be paid $52 million over the duration of the three years, which comes with a $14 million vesting option for 2021 if Davis finishes 30 games in 2020. Davis was 4-2 with 32 saves for the Cubs in 2017. Kansas City Royals?organization when Davis joined the Royals in 2013, and he has since moved on to become Colorado's pitching coach.
It remains to be seen if the Rockies feel like Davis will be the closer or if they will also try and bring back Holland, who is a free agent.
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Jeff Bridich was somewhat mocked for saying "yes" three weeks ago when asked if his team could win a World Series in 2018.
With the addition of Davis, the Rockies have guaranteed $106 million on bullpen pitchers this offseason.
The Cubs acquired Davis through trade from the Royals last offseason, adding him to replace Aroldis Chapman, who had signed with the Yankees. With a deal that's essentially four years and $66 million, Davis sets up other relievers for a big payday.
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Davis' signing boosts a Colorado bullpen that ranked third in the National League with 47 saves and was tops in the league in the fewest blown saves.
That all being said, while Davis could be very much touch-and-go in Colorado, he still gives the Rockies the best chance at getting back to the playoffs and building upon being the second NL Wild Card team last season.
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The stock is up 47.7% so far this year, as the Dow Jones Industrial Average, which counts Apple as a component, has increased 25.7%.